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1 In 5 New Car Buyers Took On $1,000+ Monthly Payments In Q4

Carscoops

Average loan terms stretched to 68.8 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. New Car Finance Data (Averages) Metric 2024 Q4 2023 Q4 2024 Q3 Loan Term 68.8

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Companies seek cure for profit-wrecking EV values

Autocar

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?”

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Electric Vehicle Trends 2024: Boom or Bust Future for EVs 2024

Jato

Established OEMs are likely to focus on offering substantial incentives on base model BEVs rather than significantly slashing list prices across all model versions and trims to prevent long-term impacts on residual values.

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Can I buy a car if I’m a few hundred dollars short?

Shawn Ryder

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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Is it smart to buyout a lease instead of straight financing?

Shawn Ryder

This question is not just about numbers; it dives into personal finance, lifestyle choices, and future freedom with vehicle ownership. By dissecting both options, we can uncover the benefits and drawbacks of each to help steer potential buyers in the right direction. How much do I drive?

Finance 52
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Boom or bust: what’s the future for EVs in 2024?

Jato

Established OEMs are likely to focus on offering substantial incentives on base model BEVs rather than significantly slashing list prices across all model versions and trims to prevent long-term impacts on residual values.

Retail 52
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Find the Best Deal at a Used Car Dealership by Negotiation

MforceLA

This figure affects the interest rate you will receive on your auto loan and influences your financing cost. If a dealership provides you with far better financing than your credit score warrants, you can recognize this as a warning sign. Know Your Credit Score Be conscious of your credit score before entering the dealership.

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