Automotive Banking Principal 
Dealer World
JANUARY 9, 2024
Since its founding in 2014, the firm has led the industry with the sale of over 225 dealerships representing more than $7 billion in client proceeds, including the third largest transaction in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group.
Terry Lancaster
AUGUST 1, 2023
The number one reason why people leave automotive retail is spousal pressure. talk about how to close more car deals with special guest Chris Martinez, former Platform Director at Jackie Cooper Imports in Tulsa and author of The Closer: The Automotive Professional's Guide Read More The number of deals that finance managers do.
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Shawn Ryder
JANUARY 18, 2025
In this blog post, we will explore the intricacies of automotive financing, including how interest is determined, what factors influence the rates, and how manufacturers and dealerships play a role in this process. One of the primary concerns during this process is understanding how interest rates affect the total cost of their loan.
Drive.com
JULY 19, 2024
A global IT software outage linked to cyber-security company Crowdstrike has caused chaos around the world as a software glitch has shut down computer services for thousands of businesses including banks, airlines, supermarkets and fuel providers. The Crowdstrike outage is linked to Microsoft Azure network servers.
Shawn Ryder
JANUARY 22, 2025
Understanding APR: What You Need to Know The Annual Percentage Rate (APR) represents the total cost of borrowing and is expressed as a percentage of the loans principal amount. Shop Around Obtain quotes from various lenders, including banks, credit unions, and dealership financing options.
Shawn Ryder
JANUARY 17, 2025
Long Loan Terms: Extended loan periods often lead to slower paydown against the principal, increasing the chances that you’ll owe more than the vehicle is worth. Low Down Payment: A smaller down payment increases the likelihood of negative equity, particularly when combined with quick-loan financing.
Shawn Ryder
JANUARY 18, 2025
Why You May Be Upside Down in Your Current Loan High Interest Rates: If your loan carries a high-interest rate, a substantial portion of your monthly payments goes towards interest rather than principal, which prolongs the time before you achieve positive equity.
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