Most capital assets, including used cars, can be depreciated. The exact rules for doing so can be a little tricky, so I recommend you consult a tax or accounting professional to be sure you're doing it correctly.
Most used car dealers buy and sell late model cars up to 5 years old in age. If the car that you are trading in is beyond 5 years old, it may have some residual value left and can be used as a...
In a private party sale the title should be released and signed over from the seller to the buyer when the agreed upon amount of money is exchanged. If the seller does not have a title available, it...
The owner of a car or used car dealer is responsible when selling a used car. Under law, private sellers of most motor vehicles must buy and show potential buyers the Used Vehicle Information Package.