Carscoops

JULY 22, 2024

New-vehicle buyers are taking out loans averaging almost 70 months. Down payments for new vehicles have slightly decreased. A new study has revealed that many new vehicle buyers in the U.S. The bad news for new car buyers doesn’t stop here. Things aren’t much better for used car buyers.

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Carscoops

APRIL 7, 2024

For the fifth quarter in a row, the average annual percentage rate (APR) — that is, the amount of interest buyers can expect on their loan over the course of a year — was above 7 percent. Monthly Payment $735 $730 $739 Amount Financed $40,427 $40,468 $39,977 APR 7.1 percent, and the average monthly payment was just $662.

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Carscoops

OCTOBER 15, 2024

However, that low price comes with a catch: it requires a hefty down payment (which we don’t recommend—more on that below), bringing the real monthly cost closer to $238. Prospective buyers should keep in mind that putting cash down on a lease is generally not advisable.

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Jalopnik

SEPTEMBER 26, 2023

Starting next year buyers will be able to apply the EV Tax credit directly to the sale price of an EV. Dealers are starting to sweat. But as Automotive News reports, dealers are worried the government won’t pay them back in a timely manner. Read more.

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Carscoops

FEBRUARY 28, 2024

The 2024 version is usefully improved under the skin, bringing upgrades to the power output and interior that ought to make it far more appealing to buyers. And to provide wavering buyers with another push away from the base car, 62 kWh models also miss out on the ID.4’s 4 buyers get access to the U.S.

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Carscoops

NOVEMBER 8, 2024

Tesla now offers a Cybertruck lease for $999 monthly, requiring a $7,500 upfront payment. Skipping the down payment raises the monthly cost to $1,249, a safer choice for lessees. Speed-hungry truck buyers can lease the 830 hp Cyberbeast for $1,439 per month with no money down.

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Carscoops

AUGUST 7, 2024

Prospective Tesla buyers had a new place to view, test drive, and ultimately buy their vehicle. More: Polestar 2 EV Lease Slashed To $299 With Down Payment Starting At $999 That sounds lovely and all but hours later, Elon Musk responded directly to posters about it to say that he had killed the deal.

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3 Brothers Autosale

DECEMBER 20, 2023

Considering the importance of good credit auto financing, let’s look at some valuable insights and tips for used car buyers looking to make a smart investment. This not only makes your monthly payments more manageable but also ensures that a significant portion of your payment goes towards reducing the principal amount.

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AutoSuccessOnline

DECEMBER 4, 2024

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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Shawn Ryder

JANUARY 17, 2025

Concerning finance, theres an additional term that is often steadily on the minds of prospective car buyers: negative equity. This rapid depreciation can outpace the rate at which borrowers pay down their loans. Building Equity Faster: A larger down payment accelerates equity build-up since you start off with less debt.

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Carscoops

JANUARY 18, 2024

While the R1S and R1T first started being delivered to buyers in 2021, the option to lease one of these vehicles has only become available recently. This translates to an estimated monthly lease payment of around $1,056 on a 36-month term. The company announced today that customers can now lease its flagship SUV, the R1S.

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Carscoops

SEPTEMBER 17, 2024

Brazilian buyers who want access to the promotional price of R$147,900 ($26,900) must to join the waiting list with a down payment of R$1,300 ($236). Horse has announced it will supply 12,000 engines for the Lecar 459 Hybrid, noting that the first prototype is already undergoing testing.

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Autocar

MAY 16, 2024

To begin this latest Mustang expansion phase, Farley believes Ford must start by adding lustre to the original coupé, investing both in models that are accessible to traditional buyers and in other versions that take the coupé further upmarket, the way that Porsche has done with its 911 GT3 RS and GT2 RS models.

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Shawn Ryder

SEPTEMBER 14, 2024

Creating a seamless customer journey is essential for car dealerships looking to engage online car buyers effectively. In this blog post, we will outline best practices for facilitating an engaging online journey for your customers, ensuring you capture their interest and convert them into loyal buyers.

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Jalopnik

DECEMBER 15, 2023

The program is beingv aimed at buyers who want to keep their monthly payments low and don’t have the upfront cash for a big down payment, according to a statement from Honda Read more.

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Cartime Super Center

MAY 31, 2024

However, buyers are still looking at hefty price tags and down payments. While used car dealerships don’t offer the same traditional new vehicle dealer incentives, the best offer something better—buyers’ incentives. On average, you’re looking at a sizable chunk of money, up to a $10,000 down payment!

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Shawn Ryder

JANUARY 17, 2025

When navigating the complexities of purchasing a car, many buyers encounter financial concepts that can significantly impact their decision-making processes. Long Finance Terms: Extended loan terms may reduce your monthly payments, but they also lead to slower progression toward equity, allowing negative equity to persist longer.

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Autocar

SEPTEMBER 18, 2024

With the down payment, it works out at £424 a month, less than the price of Hyundai’s lease deal on a Kona small electric SUV with the 65kWh battery. To take advantage of the offer, Tesla buyers must take delivery before of the end of the month, which also marks the end of the financial quarter for the company.

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Carscoops

MAY 26, 2024

Toyota Corolla Buyer Teaches Us How To Beat Dealer Markups A Redditor posted a photo of the paperwork they claim is from the dealer for the Sonata in question. Buyer beware,” says one. With a $2,500 down payment, I was only planning on financing $29,707. “Buyers beware. Read: Don’t Be A Sucker!

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Shawn Ryder

JANUARY 17, 2025

Many new car buyers might feel skeptical about getting GAP insurance. Down Payment Your down payment plays a critical role in how much you owe relative to the car’s value. Without GAP insurance, you could end up owing more on your loan than your vehicle is worth if it is declared a total loss.

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AutoRaptor

APRIL 5, 2024

Furthermore, it’s vital to take into account your customer’s down payment capacity. A substantial down payment not only reduces the total loan amount but also signifies a higher level of commitment from the buyer. Furthermore, it’s beneficial to explore the concept of down payments with customers.

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Dealer World

DECEMBER 10, 2024

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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Carscoops

NOVEMBER 18, 2024

For instance, in Massachusetts, qualifying buyers can benefit from the $7,500 federal tax credit combined with an additional $3,500 state EV rebate (both subject to income and MSRP limits) for a total of $11,000 in savings.

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Car Examer

SEPTEMBER 17, 2024

For most car buyers, the cost of purchasing a vehicle can take up a significant portion of their budget. Fortunately for new car owners, most car dealers provide flexible payment terms to help you spread out your payments over time and make the repayment cost more reasonable.

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Shawn Ryder

FEBRUARY 14, 2024

Low APR Financing: Special financing rates below standard market rates to make financing more attractive and affordable for buyers. Lease Specials: Attractive lease terms, including lower monthly payments or reduced down payment requirements, to encourage leasing over purchasing.

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Auto Remarketing

MAY 3, 2024

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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Shawn Ryder

JANUARY 19, 2024

Whether you are a car buyer, seller, or even a dealership, understanding vehicle equity can be helpful in making informed decisions. Vehicle equity is crucial for both buyers and sellers. For buyers, understanding the equity in a vehicle helps determine if it’s a good investment. What is Vehicle Equity?

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Shawn Ryder

JANUARY 17, 2025

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.

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Davey Auto Sales

MAY 25, 2023

Most buyers are going to need to take out a loan to buy a car, truck or SUV from Davey Auto Sales. Interest rates play a big role in how much someone’s monthly car payment, in addition to the vehicle’s sale price and taxes. The monthly payment may be higher, but it could be worth the trade-off in the right circumstances.

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Shawn Ryder

JANUARY 17, 2025

The monthly payment is calculated based on a standard formula: Vehicle Price: The initial cost of the car. Down Payment: Cash or equity you put down at the time of purchase. Lowering monthly payments can help expedite the sales process. A lower monthly payment may mask a higher overall sale price.

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Shawn Ryder

FEBRUARY 14, 2024

This type of insurance is particularly relevant for new car buyers or those leasing a vehicle, where depreciation can quickly outpace the repayment of the loan. GAP insurance isn’t for everyone, but it’s worth considering if: You made a small down payment or financed for 60 months or more.

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DealerTrack Insights

SEPTEMBER 11, 2023

GO DIGITAL TO SAVE TIME AND MONEY Digital retailing and online credit applications let your customers build and customize their dream ride and their deal terms, and apply for financing from your website, while digital menu technology helps buyers select aftermarket and F&I options with ease.

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Davey Auto Sales

FEBRUARY 20, 2024

Sometimes these kinds of offers end up with: A higher monthly payments because of required add-ons and other fees not made entirely clear. A large down payment could be required, putting the deal out of reach of many buyers – especially those with less-than-perfect credit scores.

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Carcloud Auto Group

FEBRUARY 5, 2024

Whether you’re a first-time car buyer or have struggled to secure traditional financing in the past, our guide will arm you with all the information you need to make an informed decision about in-house financing for used cars. These dealerships act as both the seller of the vehicle and the lender, making it a one-stop-shop for buyers.

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Carcloud Auto Group

FEBRUARY 5, 2024

Whether you’re a first-time car buyer or have struggled to secure traditional financing in the past, our guide will arm you with all the information you need to make an informed decision about in-house financing for used cars. These dealerships act as both the seller of the vehicle and the lender, making it a one-stop-shop for buyers.

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Shawn Ryder

OCTOBER 8, 2024

Enhanced User Experience VDPs provide potential buyers with all necessary information in one place, making it easier for them to make informed decisions. Use emotional language to connect with potential buyers while incorporating keywords naturally. Here are several reasons why: 1. VDP vs. Landing Pages: What’s the Difference?

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Shawn Ryder

FEBRUARY 7, 2024

Knowing this price can give buyers leverage during negotiations. GAP insurance is crucial if your down payment was low or your loan term is long. It’s a way for dealerships to recoup some of their expenses and potentially lower the sale price for the buyer. It’s often used as a starting point for negotiations.

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