Carscoops

JULY 22, 2024

Average new-vehicle APRs increased to 7.3% Down payments for new vehicles have slightly decreased. are being stretched to their financial limits, signing up for longer loan terms and higher interest rates. During the second quarter of 2024, the average new-vehicle APR jumped from 7.1% during the second quarter.

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Carscoops

APRIL 7, 2024

percent of American shoppers are upside down on their loans, and they owe an average of over $6,000 on the vehicle they are trading in. Although interest rates are falling, APRs remain over 7 percent for the fifth quarter in a row, making new vehicles less affordable. percent, and the average monthly payment was just $662. .

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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. A good credit score signifies responsible financial behavior and can lead to more favorable loan terms.

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Shawn Ryder

FEBRUARY 7, 2024

When you’re dealing with car dealerships, whether buying a new car or getting service on your existing vehicle, you might encounter several terms that aren’t immediately clear. APR (Annual Percentage Rate) The annual rate charged for borrowing or earned through an investment. Doc fees vary by state and dealership.

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Shawn Ryder

FEBRUARY 14, 2024

These can include cash rebates, low Annual Percentage Rate (APR) financing, lease specials, and other promotional offers. Low APR Financing: Special financing rates below standard market rates to make financing more attractive and affordable for buyers.

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