APR Customer Down Payment 
AutoSuccessOnline
JANUARY 22, 2025
Upstart Auto Retail has vastly improved how our sales and F&I teams operate, speeding up the deal process and making it easier to get customers the financing they need to buy the car they want, saidChad Bouchard, general manager ofRon Bouchard Hondaand Kia. Now, were selling as many as five more cars per salesperson per month. The result?
AutoRaptor
APRIL 5, 2024
Buying a car is a major financial decision , and as a dealership or salesperson, it’s essential to ensure that you’re presenting auto loan terms that are right for your customers. Another essential factor to evaluate is your customer’s debt-to-income ratio. Let’s explore each of these aspects in detail.
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Shawn Ryder
JANUARY 25, 2025
Down Payment: A substantial down payment can lower your monthly payments and the overall interest paid over the loans term. Questions to Ask Your Lender When negotiating financing, consider asking your lender these important questions: What is the APR of the loan? Are there any fees associated with the loan?
Shawn Ryder
JANUARY 20, 2025
Bank or Credit Union Loans: Traditional bank loans often offer competitive interest rates, especially for customers with good credit. Down Payment A larger down payment reduces the amount you need to finance, which can lower monthly payments and potentially lead to better loan terms.
Shawn Ryder
JANUARY 17, 2025
In this blog post, well explore the common reasons behind the frequent finance inquiries and how dealerships can effectively address these concerns while enhancing customer engagement. Complexity of Financing Options With numerous financing avenues available, customers often feel overwhelmed.
Shawn Ryder
SEPTEMBER 28, 2024
Higher interest rates mean monthly payments will be larger, which can deter potential buyers from completing a purchase. Conversely, when interest rates decline, financing becomes more affordable, encouraging more customers to take advantage of lower monthly payments and potentially boosting overall sales at dealerships.
Shawn Ryder
FEBRUARY 7, 2024
F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. APR (Annual Percentage Rate) The annual rate charged for borrowing or earned through an investment. Upside Down When you owe more on your vehicle loan than the car is currently worth.
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