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What does the term tool of trade in commercial vehicle policy mean?
The term 'Tool of Trade' in regards to commercial vehicle insurance means the vehicle is needed to ply the trade (transportation of equipment, etc.)
What are the benefits of a personal contract purchase plan for purchasing a vehicle?
A personal contract purchase plan offers lower monthly payments compared to traditional financing, flexibility at the end of the contract to either buy the vehicle, return it, or trade it in, and protection against depreciation as the vehicle's future value is agreed upon upfront.
What will happen if you return a car after 30 days?
You cannot return a vehicle you purchased after 30 days. It will be considered used and a possible trade in for this vehicle will be considered.
What are your rights on returing a car where the car dealership has your old trade?
Once you buy a car you cannot return it. The cooling off period or buyers remorse laws to not apply to the purchase of a vehicle.
Can you return a vehicle you purchased yesterday and get your trade in car back?
my car has problems
Do you pay tax on the trade-in value of a vehicle?
In the United States, you do not pay taxes on the trade-in value of a vehicle when purchasing a new one. This is because the trade-in value is deducted from the purchase price of the new vehicle before taxes are calculated.
Can you return a car you financed for four years after just two years?
You can't just return a vehicle you can trade it in on another vehicle. If this is a lease you will have to pay early termination fees if you try to do this.
Can you return a used car that you bought in Arizona and get your trade back within thirty days?
No, you cannot return a new or used car within any amount of time. The Buyer's Remorse, or Cooling Off Period laws do not apply to the purchase of a vehicle in any state.
How do you trade your vehicle for a new vehicle with SR-22 insurance in Florida?
Just like you would with any other insurance policy. An SR-22 is merely an assurance from the insurance company that you will keep insurance for a year. The policy deals more with the insured than the vehicle. Often time drivers who do not have a vehicle can purchase this type of insurance in order to reinstate their drivers license. As far as changing vehicles just contact your insurance agent and they will take care of the change for you.
In Colorado can you buy a car and after one week trade it for something else if you dont like it?
Yes, depending on the dealer you buy it from theres usually a 15-30 day return policy which allows you to return it on a trade as well.
What to do if you purchase a used vehicle and it breaks down constantly?
If it doesn't have a warranty trade it for one that does. Caveit Emptor
How can a trade a vehicle if it has a lien?
The amount left on the lien will be carried over to the vehicle you are purchasing. If that figure comes to more that the total value of the vehicle you are trying to purchase, you'll never get financing.
