Buyer Financing Costs Term 
Carscoops
JANUARY 11, 2025
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
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?”
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Jato
MARCH 21, 2024
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.
Canadian Auto Dealer
MAY 10, 2024
In terms of the market, he said vehicles are selling but economic weakness is undermining the affordability of personal mobility and the ability of governments to support the transition to EVs. Tongue said mass market buyers are a lot more skeptical and need a lot more persuading. Embrack said some buyers arrive with a fake identity.
Shawn Ryder
JANUARY 20, 2025
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?
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. References Chat News Today. 2024, June 5).
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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