technology insights
How do car dealerships buy cars?
They purchase the cars from the manufacturers via an instrument called floorplan financing. “Generally, all new vehicles are financed through the manufact...
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Technology Insights
technology insights
What is salary preparation?
Preparing payroll involves a series of basic calculations to determine each employee’s base pay as well as deductions for state and federal taxes, and emp...
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technology insights
What happens if someone files bankruptcy on a joint account?
If you file for bankruptcy, your cosigners will usually still be liable for joint debts. When you file for bankruptcy, your discharge—the order that erase...
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technology insights
Can you return a car after buying it in Maryland?
Yes, you may be eligible for a refund or tax credit in either scenario, “buy back” or “lemon law.” If you did not receive a replacement vehicle from the d...
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technology insights
How much money can you get in student loans?
If you are an undergraduate student, the maximum amount you can borrow each year in Direct Subsidized Loans and Direct Unsubsidized Loans ranges from $5,5...
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technology insights
Does repossession affect car insurance?
While it’s true that the act of repossession does not affect your insurance company, it will devastate your credit score. Because many auto insurers consi...
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technology insights
Does Carvana use credit acceptance?
When you pre-qualify with Carvana, you see real, personalized terms without affecting your credit score. Though your terms will not change, we do complete...
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technology insights
What is the best way to sell your car yourself?
Here are some reputable sites for selling: eBay Motors (free) Cars.com. Autotrader.com. Craigslist (free) Print advertising (such as a “For Sale” sign wit...
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technology insights
How long do I have to return a used car in Illinois?
15 days A: Illinois law prohibits “as is” used car sales. Since July 1, you get 15 days or 500 miles before a used car can be “as is.” If the car breaks d...
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technology insights
How many days after signing a contract can you cancel?
three days There is a federal law (and similar laws in every state) allowing consumers to cancel contracts made with a door-to-door salesperson within thr...
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