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This figure is a dollar amount that a car buying service will pay you on the spot for your car, usually without a test drive or inspection. Selling Your Car to a Dealer vs. Selling Privately
If you spend $7,000 on a car and an additional $1,000 on improvements, but you sell the car for $7,000, it's considered a capital loss, and you don't need to pay tax on the sale.
“Selling a used car can take more than 60 days, not to mention the time to negotiate with buyers, and all the paperwork,” added Howard. “So, try to be patient and wait for the best offer to ...
DriveTime is a private company headquartered in Tempe, Arizona. [3] The company's business model is focused on selling previously owned vehicles to car-buyers. [4] It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending.
[31] [32] [33] Forty-eight states had laws that limit or ban manufacturers from selling vehicles directly to consumers, [34] [35] [36] and although Tesla has no independent dealerships, dealership associations in multiple states filed numerous lawsuits against Tesla, to prevent the company from selling cars. Among other states, North Carolina ...
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
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