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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

One of the biggest keys to success for dealers in the automotive industry is to consistently keep up with their buyers’ preferences. This is an especially important tactic to maintain in today’s automotive retail space as trends have evolved quicker than ever. APR in August versus 5.4% for captives and 6.2%

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OEM Trends in Customer Financing

Automotive Mastermind

S&P Global Mobility notes, the average APR has risen this past May when compared to a year ago for the upper-level credit tiers, but not for the lowest tier, including credit scores between 300 and 600. According to S&P Global Mobility , the average interest rate on a new vehicle loan rose to 4.8% make loyalty, respectively).

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Tesla Finally Offers Lease Buyout Option, But Do The Math First

Carscoops

The company also offers 0% APR financing for the Model 3 and Y, which might be a better deal. Tesla, always the one to move the finish line just as its customers are about to cross it, has finally decided to let lessees buy out their leases. In this case, 0.00125 equals 3% APR. If the APR were 9%, you’d pay $781 a month.

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