Shawn Ryder

JANUARY 17, 2025

If you’re considering whether to apply your down payment toward covering negative equity or if you should use it for a newer vehicle, it’s essential to understand the implications of each choice. These losses can sometimes outpace the rate at which car owners pay down their loan balances.

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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. The loan is secured by the vehicle itself, meaning if the borrower fails to make payments, the lender can repossess the car.

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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. Down Payment A larger down payment can also reduce your APR since it lowers the risk for the lender.

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Davey Auto Sales

JANUARY 27, 2025

Important Financing Terms to Know To be sure automotive financing comes with a language all its own. Down Payment – An initial payment made to lower the amount of money that needs to be borrowed to buy a car. Principal – The amount of money that a borrower agrees to pay back.

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Drive.com

JULY 22, 2024

Photo Credit: Armando Arorizo/Bloomberg via Getty Images When Henrik Fisker started his electric vehicle venture in 2016 dubbed ‘Fisker Inc’, the entire automotive industry was riding the coattails of the burgeoning EV market spearheaded by Elon Musk’s Tesla. Fisker Automotive was ahead of its time in its approach.

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