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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MforceLA

JANUARY 30, 2024

Used car finance is a tricky process. Several critical variables jump into the finance equation, from interest rates to monthly payment terms. When looking for used cars for sale, understanding the finance terms and conditions beforehand is crucial. This can also help you in terms of your credit score.

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Shawn Ryder

JANUARY 18, 2024

Understanding Down Payments: A Guide for Everyone If you’ve ever heard adults talking about buying a car or a house, you might have come across the term “down payment.” ” But what exactly is a down payment? And how does it affect your finances? What is a Down Payment?

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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. Quarterly New-Car Finance Data Category 2024 Q1 2023 Q1 2023 Q4 Term (months) 68.3 Down Payment $4,133 $3,999 $4,122 SWIPE .

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Shawn Ryder

JANUARY 24, 2025

When purchasing a used vehicle, making a good down payment is crucial not only for reducing your overall loan amount but also for securing favorable financing terms. The ideal down payment can vary based on personal finances, the lender’s requirements, and other factors.

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Shawn Ryder

JANUARY 17, 2025

.” 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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Shawn Ryder

JANUARY 25, 2025

When considering the purchase of a used truck, one of the most pressing questions prospective buyers face is whether to finance the vehicle. Financing can provide a path to ownership without the immediate burden of full payment upfront, but it comes with its own set of advantages and challenges.

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Shawn Ryder

JANUARY 20, 2025

When it comes to acquiring a vehicle, consumers are often faced with a pivotal decision: should they buy out their lease or pursue traditional financing? This question is not just about numbers; it dives into personal finance, lifestyle choices, and future freedom with vehicle ownership. Let’s delve into them.

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Car Examer

SEPTEMBER 17, 2024

Discover smart tips for financing your next car purchase in Australia. For most car buyers, the cost of purchasing a vehicle can take up a significant portion of their budget. This allows buyers to get either a better deal or better payment terms for their purchase. Always look at your finances in context.

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Shawn Ryder

JANUARY 24, 2025

When considering a luxury vehicle like the 2022 BMW X3, potential buyers often face the decision of whether to finance or lease. In this blog post, we will explore both financing and leasing options for the 2022 BMW X3, helping you determine which choice aligns best with your lifestyle and budget.

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Shawn Ryder

JANUARY 17, 2025

When it comes to the world of automotive finance, many car dealership professionals often find themselves inundated with a myriad of questions regarding financing options. This is not surprising, given the complexity and multifaceted nature of vehicle financing. Financing questions serve as an opportunity for engagement.

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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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Shawn Ryder

JANUARY 19, 2025

When it comes to purchasing a vehicle, understanding the financing process can make a significant difference in the overall experience. Two key concepts that often come into play are down payments and loans. It reduces the overall loan amount that needs to be financed.

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Shawn Ryder

SEPTEMBER 28, 2024

How Interest Rates Influence Car Financing Options The Impact of Interest Rate Fluctuations on Purchases When interest rates rise, the cost of borrowing increases, leading consumers to think twice about purchasing a new vehicle. This results in fewer financing approvals and may push some buyers out of the market altogether.

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Carcloud Auto Group

FEBRUARY 5, 2024

The Inside Track: Everything You Need to Know about In-House Financing for Used Cars Looking to buy a used car , but struggling to secure financing? In-house financing might be the solution you’ve been searching for. What is in-house financing?

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Carcloud Auto Group

FEBRUARY 5, 2024

The Inside Track: Everything You Need to Know about In-House Financing for Used Cars Looking to buy a used car , but struggling to secure financing? In-house financing might be the solution you’ve been searching for. What is in-house financing?

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Finance Down Payment Prepayment Penalties Banking 52

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. They break down quite a few of the tactics and explain some of what we see here. Buyer beware,” says one. “Buyers beware.

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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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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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Shawn Ryder

JANUARY 17, 2025

When it comes to car purchases, one important consideration is whether to buy the vehicle outright or to finance the purchase. Concerning finance, theres an additional term that is often steadily on the minds of prospective car buyers: negative equity.

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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. Our experienced finance team helps drivers buy a car they’ll love and can afford.

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Davey Auto Sales

JANUARY 27, 2025

What You Need to Know About Car Financing Buying a car is a significant deal in life. However, there are still some things that you need to know about car financing before you visit us. Our team put together this guide to help people get a basic understanding of car financings key concepts. Follow along with us below.

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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

Model Ys are said to be piling up at Southampton docks The Model Y can be had on lease for £299 per month as the brand gears up for a strong end-of-quarter push September could be on course to be a record month for electric car sales in the UK after manufacturers, led by Tesla , increased the attractiveness of finance offers.

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Shawn Ryder

JANUARY 27, 2025

Many potential buyers find themselves wondering if they can still secure the vehicle they want even when they’re not at the financial threshold they initially set. Fortunately, there are several strategies to consider that can help bridge that gap without compromising your financing options or peace of mind.

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Shawn Ryder

JANUARY 18, 2025

When it comes to purchasing a vehicle, many potential buyers consider financing options. 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.

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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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Shawn Ryder

JANUARY 28, 2025

As the automotive market continues to evolve, potential buyers often wonder, “Can I get a car?” ” This question encompasses various considerations, from personal finances and credit scores to the type of vehicle that fits ones lifestyle and needs. Buying a car is a significant decision that many people contemplate.

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Shawn Ryder

JANUARY 22, 2025

When considering purchasing a used car in Ontario, Canada, one major financial aspect to be aware of is the Annual Percentage Rate (APR) you might encounter when financing your purchase. In Canada, lenders are legally required to disclose the APR, allowing consumers to better compare financing options from various providers.

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Shawn Ryder

JANUARY 18, 2025

When considering whether to purchase or lease two cars simultaneously, prospective buyers may wonder if this approach provides additional leverage at car dealerships. Each vehicle represents not only a unit sold but also a layer of potential profit through sales and financing options.

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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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Shawn Ryder

FEBRUARY 14, 2024

These can include cash rebates, low Annual Percentage Rate (APR) financing, lease specials, and other promotional offers. Low APR Financing: Special financing rates below standard market rates to make financing more attractive and affordable for buyers.

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Shawn Ryder

JANUARY 17, 2025

Many new car buyers might feel skeptical about getting GAP insurance. If youre financing your HR-V, theres a high chance that the outstanding loan balance may exceed its current market value soon after purchase. Down Payment Your down payment plays a critical role in how much you owe relative to the car’s value.

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Shawn Ryder

JANUARY 28, 2025

Whether you’re a first-time buyer or an experienced car owner, the decision-making process can often lead to confusion. Its essential to compare the financing options offered by each dealership. Understand financing details clearly. Loan Offers Are the lenders competitive?

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Shawn Ryder

JANUARY 17, 2025

Understanding Car Sales and Payments Before we explore the implications of a salesperson adjusting payments, it is essential to grasp how car financing works. Various factors influence the final monthly payment you will ultimately pay. Down Payment: Cash or equity you put down at the time of purchase.

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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. Amount Owed The amount owed on a vehicle refers to any outstanding loan or financing balance. Vehicle equity is crucial for both buyers and sellers. What is Vehicle Equity?

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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. Right away, this means that a customer will have to finance 10 percent less.

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