Carscoops

JANUARY 11, 2025

Used car loans average $28,675 with more manageable $533 payments but sky-high 11% APRs. With the cost of financing skyrocketing, analysts are advising potential buyers to consider alternatives, such as used cars or new EV leases, to keep their budgets in check.

Down Payment 105

Down Payment Buyer APR Finance 105

Motor Trader

AUGUST 15, 2024

The campaign will help retailers manage new car stock supply and build pipeline. Philipp Sayler von Amende, CCO at Carwow, said: “This campaign builds on the success of Carwow’s previous seasonal campaigns, which typically deliver a 27% increase in sales for participating retailers by helping them engage with millions of potential buyers.

Retail 105

Retail Financing Costs Sales Finance 105

Autocar

MARCH 3, 2024

Stable used car values have become critical to new car sales in that they determine finance costs, so the continued weakness in EV prices is also hurting car companies as they look to increase the percentage of zero-emission cars they sell. With such strong new car offers on EVs, where is the incentive for the used buyer?”

Financing Costs 126

Financing Costs Finance Manufacturing Buyer 126

CarExpert

JUNE 18, 2024

That’s the case at the moment for hundreds and hundreds of Model 3 and Model Y vehicles that continue to arrive by boat, but don’t have any buyers attached to them. A recent 7 News story detailed the deluge of Teslas sitting dormant at the docks in Melbourne with no buyers in sight. This isn’t allowed.

Balloon Payment 111

Balloon Payment Termination Fee Early Termination Fees Sales 111

Canadian Auto Dealer

JULY 29, 2024

Many Canadians, with 51 per cent just $200 away from monthly financial shortfall, find it increasingly difficult to manage car payments amidst a high cost of living. Elevated financing costs directly affect car sales, necessitating a crucial role for F&I managers.

Finance 52

Finance Financing Costs Deal Management 52

Canadian Auto Dealer

MAY 10, 2024

Tongue said mass market buyers are a lot more skeptical and need a lot more persuading. The panel featured Paul Embrack, National Underwriting Manager at HUB International, and Isabella Nicolini, a Senior Manager of Forensics and Litigation Support with MNP. Embrack said some buyers arrive with a fake identity.

Retail 98

Retail Banking Finance Manufacturing 98

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.

Down Payment 52

Down Payment Banking Finance Financing Costs 52