How do you determine if a car is too old to buy? Here's what a study says about vehicle longevity and how to calculate a ...

How to Pick a Used Car The age-old adage is that the 100,000-mile mark was indicative of a car past its prime. But despite their complexities, modern vehicles are even more reliable, thanks to a ...

Tips for Income Tax Mileage Deductions. When you use a vehicle for your business, the Internal Revenue Service allows you to write off a certain amount of money per mile as an expense -- 55.5 ...

Keep a log book in your car and note the miles driven each day. Logs created after-the-fact with estimated miles driven could be disallowed during an audit. Make thorough entries ...

The IRS recommends keeping mileage and vehicle-related documentation for at least three years in case of an audit. This includes your logbook, receipts, and Form 2106.