If you lease a vehicle, you’ll return it at the conclusion of the contract’s term. But what if you prefer to keep it? In most cases, you can, by simply paying the residual value listed in the contract. That value, though, is determined years in advance and may not reflect … Read more
Making sense of your vehicle’s VIN. All cars have a vehicle identification number, a 17-character alphanumeric identification unique to that vehicle. Commonly known as a VIN number, your vehicle’s ID is assigned when it is manufactured. And just as your Social Security Number (SSN) is unique to you, a VIN … Read more
Buy a new car and the dealer may urge you to trade in your old car. Unless you have plans to keep it or give it to someone else, the dealer’s offer may be a tempting one. Then again, if you choose a private party sale you stand to make hundreds … Read more
If you have a car loan and you want to transfer the loan to another person, is this possible? Well, that answer is not always clear cut it can depend on the policy of your lender, especially what is laid out in your car loan agreement. Still, that possibility remains … Read more
Driving a car is a privilege, not a right, which means you must pass a state-mandated test in order to receive your driver’s license. Actually, two tests is more like it: a written or oral test demonstrating your understanding of various signs, laws, and procedures as well as a road … Read more