article thumbnail

Millennials most likely to spread car repair costs with BNPL

Motor Trader

These owners choosing to spread their costs rather than pay upfront or use credit cards. James Jackson, CEO and co-founder of Bumper, said: “When it comes to settling workshop bills, budget conscious millennials have identified the benefits of spreading their outgoings with BNPL, rather than racking up credit card debt. “Car

Spread 105
article thumbnail

Proposed changes could bring big win for ute, van buyers

CarExpert

At present, Australian businesses earning under $10 million annually can receive an immediate deduction on assets including vehicles worth up to $20,000, rather than spread the depreciation across multiple years. The Opposition is calling for the threshold to be increased to $30,000.

Buyer 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dealers could help buyers save over £100m in charges, says Bumper

Motor Trader

This story continues at Dealers could help buyers save over £100m in charges, says Bumper Or just read more coverage at Motor Trader

Buyer 64
article thumbnail

Fed’s First Rate Cut Since 2020 May Lower Car Loan Costs, But Don’t Expect Miracles

Carscoops

This will lower the cost of borrowing, which will save car buyers money. Car buyers are about to get some much-needed relief as the Federal Reserve has announced plans to cut rates by 50 basis points. The Federal Reserve has cut the federal funds rate for the first time in more than four years. Federal Reserve Bank of St.

Spread 111
article thumbnail

Several Exotics Damaged As Naples Dealer Parking Area Goes Up In Flames

Carscoops

Read: Audi E-Tron GT Bursts Into Flames Inside Dealership No official cause for the fire has been announced, but it may have originated with a McLaren before spreading to other vehicles. million and revealed that the buyer would receive a $239,995 Rolls-Royce Wraith free of charge with their purchase. Image Credit: UC Breaking News

Spread 110
article thumbnail

Inflation, interest rates continue to impact consumers, dealers

Canadian Auto Dealer

This is limiting the current buyer pool on every opportunity, leading to lower transaction prices,” said DSMA in its report. It also said that high borrowing costs have pushed the purchasing power of would-be dealership buyers down. However, buyers are still willing to pay for the right opportunity,” they said.

Banking 52
article thumbnail

Scaling Private-Party Vehicle Acquisition

AutoSuccessOnline

Many dealers question the viability of buying cars from private sellers at scale, assuming private sellers prefer dealing directly with other private buyers. “If The good thing for us dealers is that not only do these private sellers have all the appraising data we have, but so do the private buyers. Not necessarily.