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. For more on insurance nuances, check out our insights on GAP insurance considerations.

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Shawn Ryder

JANUARY 18, 2025

When considering vehicle leasing, many customers ponder the necessity of gap coverage. This blog post will delve into the essentials of lease agreements and gap insurance, offering insights on why they matter and how they can protect you financially during your leasing experience. This is where gap insurance comes into play.

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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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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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Full Path

JULY 30, 2024

Some households allocate up to 30% of their monthly budget to vehicle-related expenses, including payments, insurance, fuel, and maintenance. Solutions for Dealerships Many dealers ask how they can help customers while maintaining profitability. Leasing has re-emerged as a key strategy to achieve this goal.

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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 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 28, 2025

Budget: What is your budget for both the purchase price and ongoing expenses like insurance and fuel? Websites like Google Reviews and Yelp can provide insights into customer experiences. Assess how each dealership handles customer service. A dealership that checks in shows a commitment to customer satisfaction.

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Shawn Ryder

FEBRUARY 7, 2024

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance. This is also known as being “underwater” on your loan.

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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 18, 2024

Being upside down on a car loan simply means that you owe more money on the loan than the car itself is worth. This can happen for a few different reasons, such as if you financed the car for a longer term or if you made a small down payment.

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Shawn Ryder

JANUARY 17, 2025

Continuous Payments: Leasing can lead to ongoing monthly payments for the foreseeable future since you will be perpetually leasing rather than owning. No Monthly Payments: After paying off the loan, you benefit from not having any further payments.

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AutoRaptor

APRIL 23, 2024

Understanding Buy Here Pay Here Dealerships Buy here pay here dealerships operate on the principle of offering in-house financing to customers who may have difficulty obtaining a loan from traditional lenders. Be realistic and factor in costs beyond the car’s purchase price, such as insurance, maintenance, and fuel expenses.

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Shawn Ryder

JANUARY 26, 2025

Financing Options Many dealerships offer financing options tailored for former lease customers. Do you have enough savings to cover the down payment or purchase price? They may offer deals exclusive to customers opting to buy their lease. Financial Situation: Consider your financial stability.

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