Carscoops

MAY 20, 2024

When you need a Transit for your work, or you’re a rancher with a pick-up in the US, electric power is a terrible solution – and even the most radical, decarbonizing politician can’t afford to be on the wrong side of the customers.” ” “Maybe the solution will be hydrogen.

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Auto Remarketing

FEBRUARY 21, 2025

Lets be a customer for a moment: According to the United States Census Bureau: The average salary for an individual worker is $65,470.That Not only for this next purchase, but more important, to get them to be a repeat customer? Remember, 70% of a new car customers have a trade. Is that love real or imagined ?

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AutoSuccessOnline

DECEMBER 4, 2024

Anyone who’s ever sold cars for a living has had this experience: a customer walks into your showroom, they express great interest in a particular vehicle, then the deal falls apart practically before it even begins. By embracing new lending models, you can turn seemingly unqualified buyers into loyal customers.

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AutoRaptor

APRIL 5, 2024

Buying a car is a major financial decision , and as a dealership or salesperson, it’s essential to ensure that you’re presenting auto loan terms that are right for your customers. Another essential factor to evaluate is your customer’s debt-to-income ratio. Let’s explore each of these aspects in detail.

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3 Brothers Autosale

DECEMBER 20, 2023

Consider making a larger down payment, which can further enhance your negotiating power and reduce the borrowed amount. Refinancing can lead to reduced monthly payments and overall savings, providing financial flexibility for other priorities.

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Carscoops

JANUARY 18, 2024

The company announced today that customers can now lease its flagship SUV, the R1S. While the brand has expanded it to customers in one more state, Illinois, where the vehicles are manufactured, it remains exclusive to residents of 15 states. This translates to an estimated monthly lease payment of around $1,056 on a 36-month term.

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Auto Remarketing

APRIL 17, 2024

Once tax return season got underway, many consumers had more income to use as a down payment, driving customers into retail dealerships.” Affordability matters more than ever to consumers, and declines in used-vehicle prices help offset higher interest rates,” Robb said. The year began with used-car sales by dealers falling 6.4%

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Shawn Ryder

JANUARY 20, 2025

Larger Down Payment Requirements: Some dealerships may require a larger down payment as a safeguard against potential non-payment. Many dealerships deal with customers who have bad credit and may be more understanding than you think. Focus on more affordable vehicles or those with high resale values.

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Carscoops

APRIL 17, 2024

The prototype is drivable but swaps the sophisticated hydrogen-electric powertrain for some form of ‘electric propulsion’ The auction winner will be able to customize a special edition of the production-spec Hyperion XP-1 and trade-in the prototype when the real deal is ready.

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Shawn Ryder

JANUARY 19, 2025

Two key concepts that often come into play are down payments and loans. This guide will comprehensively cover the mechanics of down payments and loans, along with practical tips that can empower buyers and enhance dealership credibility. It also reduces the loan amount, resulting in lower monthly payments.

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Carscoops

FEBRUARY 28, 2024

VW is also going to let eligible customers apply for the tax credit as a down payment on a new ID.4 4 by transferring the credit to a dealer. 4 is available in base, S, and S Plus trims, with an entry-level 62 kWh model coming in at $39,735 plus $1,425 destination and offering a modest 206-mile (332 km) range).

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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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Carcloud Auto Group

JANUARY 28, 2024

Affordable Auto Financing with a $500 Down Payment Are you in the market for a new car but worried about the upfront costs? With just a $500 down payment, you can be on your way to driving the car of your dreams. Why Choose a $ 500 Down Payment? Look no further!

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Autocar

MAY 17, 2024

The recently launched, Nürburgring-honed, £240,000, 800bhp GTD is a “down payment” on the model’s new direction, he explains, although the game plan is firmly to keep making enticing cars that are attainable. In the past, we’ve sponsored people to help them become successful, but now we’ve launched a customer business.

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Dealer World

DECEMBER 10, 2024

The customer seemed legitimate, the electronic payment cleared initially, and everything appeared to be by the book." They promise below-market prices but require a hefty 50% down payment. But then things went sideways. The scam works like this: Fraudsters connect with buyers looking for deals on vehicles.

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Shawn Ryder

JANUARY 18, 2025

Typically, when leasing, you’ll come across various requirements including credit checks, proof of income, and possibly a sign-on fee (often referred to as a down payment or capitalized cost reduction). This fee can reduce the monthly payments but is not always necessary. Some common lease terms are two to four years.

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Carscoops

MAY 26, 2024

The website explicitly says “No Dealer Add Ons Ever” Some car dealers will say anything, even stretching the truth, to get customers in the door. ” The dealer appears to be trying to sell that upgrade instead of offering it and letting the customer decide. The additional costs largely come from junk fees.

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Autocar

SEPTEMBER 18, 2024

With the down payment, it works out at £424 a month, less than the price of Hyundai’s lease deal on a Kona small electric SUV with the 65kWh battery. Tesla ships in stock and typically buyers pick up the cars from whichever dealer holds the car closest to the spec the customer requires.

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Shawn Ryder

JANUARY 20, 2025

No Down Payment: Many leases allow for a buyout without the need for a hefty down payment. Advantages of Buying Out a Lease Ownership Freedom: By purchasing the lease, you own the vehicle outright, with no monthly payments after financing. Let’s delve into them. Let’s delve into them.

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Your Car Buying Advocate

DECEMBER 5, 2023

When you start leasing a vehicle, you must make a down payment. However, this down payment is significantly lower compared to buying a car outright. No Down Payment, Manufacturer’s First Payment: Honda and Acura may pay the first month’s payment, so you can have a zero down payment with only initial fees.

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DealerTrack Insights

SEPTEMBER 11, 2023

This might be a familiar scene in your dealership: your customers have just test-driven their dream car, checked all the cool features, and are living on cloud 9. All this saves time upfront since customers can fill out fields, sign once, and then simply tap after that, and later on because it reduces the risk of errors.

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Shawn Ryder

JANUARY 27, 2025

Many dealers are willing to work with customers to close the sale: Discount Offers: Inquire about any discounts or promotions that might be available. Increase Your Down Payment: A larger down payment can lower your monthly financing costs. Dont hesitate to discuss your financial constraints with the dealer.

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Shawn Ryder

JANUARY 18, 2025

Below, we will explore the advantages and challenges of buying or leasing two cars at once, providing insights based on dealership strategies, customer behavior, and negotiation tactics. Understanding Dealership Dynamics Car dealerships operate with a mix of inventory management, customer negotiation, and sales strategy.

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3 Brothers Autosale

OCTOBER 4, 2023

And if you’re on the lookout for a used van customized to your needs, you might be able to run into one – if you know where to look. Because used commercial vans cost less, they also come with a lower down payment and also lowers monthly payments.

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Jazel Auto

JANUARY 18, 2023

Share on facebook Share on google Share on twitter Share on linkedin Jazel’s Dealer Online Order Request (DOOR) tool has many features that make customizing and requesting an order for the vehicle your customers want easy and transparent. Now, with the built-in payment calculator, the DOOR tool can give customers added peace of mind.

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Shawn Ryder

JANUARY 28, 2025

Down Payment: A larger down payment will reduce your monthly payments and potentially eliminate the need for comprehensive financing options. Research customer reviews and ratings to ensure you work with a reputable dealer. A higher score often results in lower interest rates, saving you money over time.

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Shawn Ryder

JANUARY 17, 2025

Down Payment Your down payment plays a critical role in how much you owe relative to the car’s value. A larger down payment reduces your loan balance and minimizes the chances of having a gap in coverage since the vehicles depreciation will have less effect on a smaller remaining balance.

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Davey Auto Sales

MAY 25, 2023

Some things you can do to boost your credit score include: Keep all accounts current Don’t open too many new credit accounts Have credit report errors fixed Make A Larger Down Payment Many financial experts suggest putting down at least 10 percent for a down payment for a pre-owned vehicle.

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Shawn Ryder

JANUARY 25, 2025

Down Payment: A substantial down payment can lower your monthly payments and the overall interest paid over the loans term. Consider the following: Your Credit Score: A higher credit score generally leads to better financing rates. Budgeting: Determine the amount you can comfortably afford on a monthly basis.

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Shawn Ryder

JANUARY 26, 2025

Customization Restrictions: Leased trucks often cannot be customized, making it less suitable for individuals or businesses needing specific modifications. Basic Characteristics of the Lease Examine the lease terms, including length, monthly payment amount, down payment, and interest rate (often called the money factor).

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Auto Remarketing

MAY 3, 2024

We reviewed our online shopping experience and realized we had to remove any obstacles — make it possible for a customer to 100% buy online. Even better news: Customers still prefer to come to dealerships to complete their transaction. What do you want your payment to be? What’s your down payment? Don’t believe me!

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Shawn Ryder

JANUARY 20, 2025

Bank or Credit Union Loans: Traditional bank loans often offer competitive interest rates, especially for customers with good credit. Down Payment A larger down payment reduces the amount you need to finance, which can lower monthly payments and potentially lead to better loan terms.

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Shawn Ryder

JANUARY 17, 2025

Preparing for Future Purchases When preparing for future vehicle purchases, consider the following: Building Larger Down Payments: Aim to save for larger down payments, which can mitigate the likelihood of negative equity.

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Carcloud Auto Group

DECEMBER 27, 2023

In a BHPH arrangement, customers can purchase a car and make payments directly to the dealership, rather than a third-party lender. Customers may also be required to make weekly or bi-weekly payments at the dealership. This can make it easier for customers with less-than-perfect credit to secure a loan.

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Shawn Ryder

JANUARY 28, 2025

Websites like Google Reviews and Yelp can provide insights into customer experiences. Look for common themes in reviews, such as: Sales practices Customer service Post-sale support and service Inventory Variety Evaluate the inventory of each dealership. Assess how each dealership handles customer service.

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Shawn Ryder

JANUARY 17, 2025

In this blog post, well explore the common reasons behind the frequent finance inquiries and how dealerships can effectively address these concerns while enhancing customer engagement. Complexity of Financing Options With numerous financing avenues available, customers often feel overwhelmed.

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Shawn Ryder

JANUARY 19, 2024

If the equity is positive, it can be used as a down payment for a new car or to pay off debts. What Dealerships Should Know Dealerships often deal with trade-ins, where customers use their current vehicle’s equity towards the purchase of a new one.

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