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Web26 apr. 2024 · Since you don't actually own the vehicle until you finish paying the loan, the lender has every right to claim their property and recover the vehicle once you default. Recovery specialists can repossess your car at your home, work, or even the grocery store, so if you know a repo is coming it's a good idea to clean your car out. Web19 jan. 2024 · Counselors at GreenPath say aim to spend 15% of income on transportation, including car insurance. About 40.7% of new car loans are in the 61 month to 72 month range, Experian says. Payments on... Web29 mrt. 2024 · Section 179 allows you to deduct a 100% of the cost of qualifying items, up to a certain limit. (For 2024, the total limit is $1,040.000.) After the Section 179 spending cap is reached, you get a nice little perk called bonus depreciation. For cars specifically, the Section 179 limit is $10,100 — $18,100 with bonus depreciation. oil filter chrysler crossfire