Tag: Car Buying

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How much are The Repair Shop workers paid?

Being highly-trained and experienced in their respective fields the experts are expected to be paid very generously for their time and hard work. Click to see full answer Does Jay own The Repair Shop? Jay Blades does not own The Repair Shop as it exists just for the BBC programme. The workshop itself actually serves…
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How long should you wait before polishing a new car?

Professional body shops simply aren't waiting around with a freshly painted car in storage for 90 days before they cut and buff it. Paint manufacturers formulate their products to be ready for polishing within hours, not days or weeks. Click to see full answer How long should you wait before polishing a new car? As…
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How do you calculate car depreciation per year?

While it varies by a vehicle's make and model, depreciation is calculated by taking the initial value of a vehicle and applying the average percentage decrease to it each year you plan to own it. Cars depreciate over time, but other factors like accidents are also taken into consideration. Click to see full answer How…
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What is the average depreciation rate of a used car?

When buying a used car that's 10-years-old or older, your primary concerns are purchase price and reliability. Don't pay more than that 10-year-old car is worth. And, pick a car with a solid reputation for dependability. No car is really too old if you follow those rules. Click to see full answer What is the…
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How many years can you depreciate a business vehicle?

Class life is the number of years over which an asset can be depreciated. The tax law has defined a specific class life for each type of asset. Real Property is 39 year property, office furniture is 7 year property and autos and trucks are 5 year property. Click to see full answer Can I…
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Is the trunk and boot the same?

The part of the car used to hold items you won't need access to without stopping the vehicle is called the boot in the UK, and the trunk in the US. Click to see full answer What country calls the trunk a boot? The British term for the rear storage space is the boot and…
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How many years can you depreciate a car for business?

Depreciation. Generally, the Modified Accelerated Cost Recovery System (MACRS) is the only depreciation method that can be used by car owners to depreciate any car placed in service after 1986. Click to see full answer Can I claim depreciation on a used car? Most of the tax-deductible depreciation will occur over the first 4 years…
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What does double DIN mean for car stereos?

When it comes to sound quality, there is little to no difference between the single DIN and double DIN head unit. The real difference between the two receivers is in the size of the display and the features that can be added to the stereo system because of the size. Click to see full answer…
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Do trunks have doors?

The word "boot"(which is commonly used by the English), goes back to 18th century horse-drawn carriages where the coachman sat on a chest, which was used to store, among other things, his boots. This storage space came to be termed as the "boot locker", which soon became the "boot". Click to see full answer What…
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Where does name trunk come from?

It is the “main stem of a tree” definition that is important in this one. By the mid-14th century, this gave rise to wood chests or cases being referred to as “trunks,” presumed to be because they were made from wood from tree trunks. Click to see full answer Why do people in UK call…
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