Motor Trader

AUGUST 12, 2024

Motor investment firm Cambria Private Capital has welcomed the Bank of England’s decision to cut interest rates to 5%. It said it expected to see a gradual easing of inflationary pressures into next year, leading to potential benefits, such as reduced vehicle stocking costs and increased market flexibility for OEMs.

Financing Costs 104

Financing Costs Banking Retail Finance 104

CarExpert

JUNE 18, 2024

At the end of your lease period, you have the option of paying a balloon payment on the vehicle (that is the cost of the vehicle depreciated in alignment with the government schedule), refinancing the vehicle to continue paying a monthly rate or, in some circumstances, just handing the car back. This offer also won’t be around forever.

Balloon Payment 111

Balloon Payment Termination Fee Early Termination Fees Sales 111

Canadian Auto Dealer

JULY 25, 2024

Pressure from inflation and interest rates continue to impact consumers and dealers through increasing vehicle and financing costs, along with higher fixed and compensation costs, respectively. On average, banks are lending 50% of goodwill values on most dealership buy-sell deals, requiring more cash upfront for transactions.

Banking 52

Banking Spread Financing Costs Finance 52

Canadian Auto Dealer

MAY 10, 2024

Reuss said the honeymoon period after the pandemic, where dealers were achieving record profits, is now behind us and now we are back to the way the industry used to function pre-pandemic: rising OEM incentives, excess inventory, and higher financing costs for dealers carrying inventory.

Retail 98

Retail Banking Finance Manufacturing 98

Shawn Ryder

JANUARY 27, 2025

Base Trim Levels: Base trims usually come with fewer features but can drastically reduce the overall cost. Explore Financing Through a Credit Union or Bank Sometimes, financing through traditional banks or credit unions can offer better rates compared to dealership financing.

Down Payment 52

Down Payment Banking Finance Financing Costs 52

Canadian Auto Dealer

MARCH 1, 2024

According to the World Bank, macroeconomics focuses on the performance of economies — changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments. In recent weeks, the Bank of Canada, and the U.S. All is not rosy, however. Consumers are facing stiff headwinds on many fronts.

Banking 52

Banking Retail Financing Costs Finance 52