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If you plan to be one of the tens of millions of people who buy or sell a used car each year, read on to learn more about used car values and what they mean. Be Aware: 6 Used Cars To Stay Away From
For example, if you trade in a car with a market value of $10,000 and you buy a new car that's valued at $15,000, you'll only have to pay sales tax on the $5,000 difference.
Certified pre-owned value: A certified pre-owned value is the value of a vehicle that has been inspected by third-party inspectors. Vehicles backed by certified pre-owned factors include a factory ...
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Military vehicles used the letter U (for Union Defence Force) as a prefix until 1961, when U was replaced by R (for Republic of South Africa), followed by a sequential number. Examples: U 4321 R 54321 On armoured vehicles especially, the numbers were painted in white on the green paint of the bodywork, or in black on desert sand paint.
The tax horsepower or taxable horsepower was an early system by which taxation rates for automobiles were reckoned in some European countries such as Britain, Belgium, Germany, France and Italy; some US states like Illinois charged license plate purchase and renewal fees for passenger automobiles based on taxable horsepower.