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Motability takes £565 million blow as costs soar

Autocar

Motability Operations, the company behind the Motability charity, buys cars and leases them to people with a qualifying disability allowance for 75.75 million pre-tax loss for 2024, a huge drop from the 748m profits it recorded in 2023. Despite a 15% rise in the number of people joining the scheme last year, the firm posted a 564.6

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Media post: Best Cars for Students: Affordable, Reliable and Fun Cars

Best Selling Cars Blog

Daily commute to school, errands, or weekend getaways with friends are all hassle-free with a car that does not break the bank, reliable, and easy to drive. This article provides insights on the best cars for students, those which are good value without breaking the bank. A co-signer may help qualify for a lower interest rate.

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Optimistic but on high alert

Canadian Auto Dealer

We talked to the banking leaders for automotive from five banks who do regular business with dealers and their customers to get their perspectives. Grant Simons, VP & Head, RBC Automotive Finance RBCs Grant Simons said the bank is feeling optimistic about 2025. In 2025, the Bank of Canada should continue their rate cuts.

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Has Nightmare Depreciation Made The Jaguar I-Pace And Audi E-Tron Dream Used Buys?

Carscoops

You only need to look at pre-owned prices for the Audi e-tron SUV (since renamed Q8 e-tron) and Jaguar I-Pace for proof. Even the basic, single-motor 2024 Tesla Model Y can beat that range, and it also costs as little as $32,890 if you qualify for the full $7,500 tax credit deduction. That’s not great by modern standards.

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Why You Should Care About Good Credit Auto Financing?

3 Brothers Autosale

Obtain pre-approval from a financial institution to set a budget and streamline the car-buying process. Compare financing offers from multiple lenders, including banks, credit unions, and online lenders, to secure the best terms. If your credit score has improved since the initial loan, you may qualify for a lower interest rate.

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In it for the long haul

Canadian Auto Dealer

He said even with the automated tools, however, the bank still needs tight processes in place to protect themselves and dealers from things like the increase in fraud that is a big concern for the industry. They can be pre-qualified before they go shopping,” said Morrison, adding the service has been well received by the industry.

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Used Car APR in Ontario Canada?

Shawn Ryder

Average Used Car APR in Ontario The specific APR you might qualify for can vary widely, depending on several factors such as credit score, the lender’s policies, and the vehicle’s age. However, as a general guideline: Well-qualified buyers may see APRs ranging from 3% to 6% for used vehicles.

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