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Prejudging No-Credit Buyers is Costing You Deals

AutoSuccessOnline

You realize the potential buyer has no credit history, so you conclude that they have no chance of being able to finance the car. By embracing new lending models, you can turn seemingly unqualified buyers into loyal customers. The post Prejudging No-Credit Buyers is Costing You Deals appeared first on AutoSuccessOnline.

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Negative equity in car – cover with down payment or use for newer vehicle?

Shawn Ryder

.” This situation can transpire when you owe more on your car loan than your vehicle is worth, which often becomes a concern for car owners and potential buyers alike. These losses can sometimes outpace the rate at which car owners pay down their loan balances. Should You Use Your Down Payment to Cover Negative Equity?

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Four-door Ford Mustang super saloon in the pipeline

Autocar

Speaking exclusively to Autocar at the recent Goodwood Members’ Meeting – where he raced an Alan Mann-prepared Mustang V8 Notchback – Ford CEO Jim Farley claimed the Mustang is now “by far” the world’s best-selling coupé and has developed a huge body of followers worldwide. We won’t stop with the GTD,” he said.

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How does downpayment plus loan work?

Shawn Ryder

Two key concepts that often come into play are down payments and loans. This guide will comprehensively cover the mechanics of down payments and loans, along with practical tips that can empower buyers and enhance dealership credibility. It also reduces the loan amount, resulting in lower monthly payments.

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Working Together: How Auto Industry Players Are Fighting Back Against Digital Fraud

Dealer World

The scam works like this: Fraudsters connect with buyers looking for deals on vehicles. They promise below-market prices but require a hefty 50% down payment. The scammers have gotten smart about using the original payment receipts for trade-ins at other dealerships, creating a domino effect of losses across the industry.

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COMMENTARY: May is Mom’s month & necessity is mother of invention

Auto Remarketing

Buyers should be able to show up at the dealership needing only to answer a few more questions to finish their purchase. What do you want your payment to be? What’s your down payment? Buyers today already know that vehicles come with air conditioning, power windows, locks, tilt steering wheel and cruise control.

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Why do I get finance questions so frequently?

Shawn Ryder

They may encounter terms and concepts like APR (Annual Percentage Rate), credit scores, down payments, and loan terms, which can be confusing. Potential buyers often inquire about their eligibility and how their scores impact their loan terms. Here are effective ways to achieve this: 1.

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