Sentences with phrase «depreciate in value quickly»

Since cars depreciate in value quickly, your settlement may not cover what you still owe on your auto loan or lease.

Cars depreciate in value quickly; donate the car and deduct the cost on your taxes, meaning you'll get a bigger tax refund or pay less on tax owed.

Unfortunately, since cars depreciate in value quickly, this outcome is not uncommon for car owners.

Not exact matches

Kelley Blue Book roundly praised the GLK — while many vehicles in the luxury segment depreciate quickly, the GLK retains a ton of value.

New cars depreciate quickly, often decreasing in value faster than the rate at which you're able to pay down a car loan or lease.

Debt including credit card balances and discretionary purchases of expensive vehicles (which quickly depreciate in value) and other non-essential goods are considered «bad debt» due to the costs associated with carrying balances.

He most likely will NOT be able to refinance his loan because the car will depreciate in value very quickly.

However, both collision and comprehensive Leavenworth vehicle insurance decrease in value quickly as time goes by and the car ages and depreciates.

Boats depreciate in value rather quickly in the same way an automobile starts depreciating in value as soon as you drive away from the car lot.

Roy Meshel, district vice president for W.J. Bradley Mortgage in Phoenix, recommends homeowners refinance quickly in case the housing slump deepens, causing values to depreciate even more.