Which 4th of July Car Deals are worth your Dollars?

Independence Day composes of long weekends, fireworks, family time and the opportunity to grab great deals on cars. As with anything, timing is a crucial aspect during purchase. Making the most of 4th of July deals will help you attain a car at its best price. In order to get to the lowest price, there are a few things that you should keep in mind before you set out to make your 4th of July car purchase.

How to optimize your Car Purchase on 4th of July?

Maximizing 4th of July in order to purchase your dream car can be easy if you consider the following tips:

1. Discounted Last Year’s Models

Automobile manufacturers are always looking to increase their shelf space. As 4th of July attracts a high demand on cars, dealers are often eager to sell off the previous year’s car models. Segments such as sedans, luxury cars as well as small cars are highly marketed in order to attain maximum Independence Day sales. Therefore, make sure you know in advance the type, make and model of the car you wish to purchase. Negotiation during the period of 4th of July is a fruitful effort as the manufacturer’s eagerness to sell is your opportunity to save and buy your dream car.

2. Reading the Advertisement Minutely

It is common to find huge marketing efforts for 4th of July by various carmakers all around town in terms of print and outdoor advertisement. However, it is important to have exact knowledge of the offer before walking into a dealership. Make sure you gather information regarding the region where the offer is available, the time validity of the offer and if the it applies to a limited percentage of the dealer stock. Shopping around numerous dealerships will help you get a clear picture as to the best deals for 4th of July.

A Glance at the Best 2018 Independence Day Car Deals

Independence Day brings about a surge in rebates, incentives and special offers at various dealerships. According to a report on U.S. News website, the following are some of the best deals that the carmakers have to offer.

1) 2017 RAM 1500: The 2017 model of RAM 1500 is available with $7250 cash back in selected regions with plenty of features that make it your perfect summertime pickup truck.

2) 2017 Mazda3: The vigor of the Mazda cars is clearly seen in its deals as well. For Independence Day, the carmaker is offering a zero percent financing for 60 months along with a $1000 cash back on its Mazda3 hatchback and sedan.

3) 2017 Hyundai Elantra: Hyundai has surely made its name in the compact SUV segment with the Hyundai Elantra. The 2017 model of the car will be offered at $4250 cash back in many parts of the country.

Gear Ahead: Leverage this 4th of July

Timing your car purchase on 4th of July is a smart move. Make sure that you ascertain your car model and do a vigorous research. You can always seek assistance of various dealerships in order to understand more about the car features, contact recent owners who have purchased the same car and gather reliability reports. Maximizing Independence Day car deals is the move that will help you to take advantage of the offers as well as save money in the long run.

How to simplify your First Car Buying Experience?

The coming of age to buy a vehicle is always enthralling. You are on the verge of becoming eligible for a car loan and the excitement is beyond comparison. However, there are a number of things that you should think through as purchasing an automobile brings its own set of responsibilities. Significant expenses such as fuel, maintenance and repairs are a part of the process. But, fret not. Asking the right questions will assist you in sorting your priorities and eventually get you closer to purchasing your dream car.

Car Clarity: Key Questions to consider before making the Purchase

1. What is the Minimum Age for applying for an Auto Loan?

Whether you are an early teen or enjoying the years of adulthood, purchasing a car and applying for an auto loan are tasks within your reach. Different states have different regulations for car registration and auto financing. According to Connecticut DMV, the law allows you to register a vehicle if you are at least 16 years of age. The same is the case with New York. However, you need to be at least 18 years of age to apply for an auto loan. Therefore, depending on the state in which you reside, you can apply for car financing and lessen your school & college transportation woes.

2. Can I apply for an Auto Loan if am not Eighteen?

Many teenagers get excited about owning a car as soon as they get a learner’s permit. However, if you are below eighteen years of age, you cannot enter into a binding auto loan contract. Any 17 years old or younger person is considered as a minor in the eyes of law. Once you have reached the age of 18 years, you do have the chance of getting a co-signer for you auto loan. As 18 is too early an age, you may have little or no credit history. However, the presence of a financially strong co-signer with a good credit score will help you in attaining an auto loan for your car.

3. How to transfer the Existing Loan in my Name once I am 18?

The early adulthood of eighteen gives you the power to vote, serve on a jury and sign a valid contract. If you are eighteen or above, comfortably earning and capable enough to make your monthly auto loan payments, you will set a good mark of credibility in the eyes of the lenders. Make sure you make all the credit card payments on time. Take actions toward building a stellar credit history and you will be successful in unburdening your parents and transferring the auto loan under your name.

The Way Forward

Purchasing your own car is a sign of independence and outgrowing your ways of living. Buying a car always comes with its own set of regulations and responsibilities. Make sure you wait till eighteen to apply for an auto loan and drive away with your dream car.

Expatriation versus Foreign National

Have You Made the Move?If you consider yourself an individual living and earning abroad and are worried about tax for expats, chances are that you didn’t make that move within the last two weeks; or perhaps you find yourself midway on the path to going through with such a move. If you have made a foreign relocation from the United States in the last week or so, or if you plan to move soon, then you can rest easy for another year because the deadline to file your tax return as an individual living abroad has just passed (on 15th June to be exact, if you filed for the automatic extension period; if you did not file for the automatic extension period, then you would not need to have submitted taxes as a foreign national or foreign resident alien living abroad in the first place). Going through this process, just as one would on home soil, can be a tedious one, even if one can forecast it a year in advance. But forecast the process one ought to, given that if you are a US citizen living in a foreign country, or what is (somewhat clinically) called a resident alien—a green-card holder—you are still beholden to the US government to pay taxes. This includes, ironically—or perhaps fittingly—enough, members of the US military working and living overseas.Expat or Expatriate?Be aware that if you are identified as belonging to either of the afore-mentioned categories, you are held accountable to pay income, estate, and gift tax. Now, these are the official governmental categories for taxable persons, and they divert crucially from the common vernacular. For example, most people who retain their American citizenship or residence yet live abroad are typically referred to as expats—of course an abbreviation for expatriate. Expatriate literally means, out of or away from one’s homeland (that being America, in this case); confusingly, the ex- prefix does not, in this case, mean former; yet more confusingly, an expatriate is not simply one who happens to reside away from their homeland, their nation of citizenship, or their permanent residence. In this sense, there is still a tax for expats. In contrast, an expatriate, as defined by the US government with respect to tax purposes, is one who has renounced their US citizenship or residence, and all of its concomitant benefits, in order to adopt a state of either statelessness or alternative citizenship.Therefore, one who is truly an expat is one who does not need to worry about tax for expats since they won’t pay US taxes. Renouncing one’s citizenship, however, is often just as tedious as paying taxes, and one can benefit from consulting with specialists in international taxation or US accounting. The process of renouncing citizenship is a bureaucratic one, and failure in the pursuit of proper planning can lead to dire realities for the expatriate and their family: for example, when it comes to heirs claiming inheritance, or the individual being subjected to an exit tax given certain conditions of past non-compliance (tax returns in arrears), or if the individual’s annual income is above a certain threshold. Before moving, consider seeking advice on topics such as foreign earned income exclusion, foreign tax credits, and Social Security.