The Global Insight

Featured Article

At what point is it not worth fixing a car?

When repair costs start to exceed the vehicle’s value or one year’s worth of monthly payments on a replacement, it’s time to break up with your car, accor...

Read Full Article Browse science discoveries

Knowledge Base

Latest insights and tutorials from the The Global Insight team.

How do you trade in a car that is not paid off?

How Do You Trade in a Car That’s Not Paid Off? Can you trade in a car that’s not paid off? Pay the difference that you still owe. Roll over the amount ont...

Can I buy a new car if I still owe on my current car?

In general, you can trade in your car for a new one even if you’re still making payments on it. But first it helps to know how much equity you have in the...

What is salary preparation?

Preparing payroll involves a series of basic calculations to determine each employee’s base pay as well as deductions for state and federal taxes, and emp...

Why car leasing is a bad idea?

The major drawback of leasing is that you don’t acquire any equity in the vehicle. It’s a bit like renting an apartment. You make monthly payments but hav...

Do car dealerships ask for proof of income?

When you apply for a car loan, most lenders require proof of income. If you are unable to provide that evidence because you don’t have a job or are self-e...

What happens when you sell a car you owe money on?

When you owe more than your car is worth, you have to give the lender the difference between the sale price and what you owe. The buyer will pay the sale ...

Can a buyer back out after signing closing papers?

Federal law gives borrowers what is known as the “right of rescission.” This means that borrowers after signing the closing papers for a home equity loan ...

How do you calculate room and board value?

If more than one person occupies a single room, divide the assumed value of the room by the number of people who occupy it. Add the assumed value of board...

Do you get penalized for paying off an auto loan early?

Pay prepayment penalties In some cases, lenders may charge a penalty for paying off a car loan early. You can find out if your lender charges such a penal...