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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Shawn Ryder

JANUARY 20, 2025

Leasing a vehicle can be an attractive option for many consumers, particularly those who might not want the long-term commitment of purchasing a car. A car lease is essentially a long-term rental agreement where you pay to use a vehicle for a set period, typically two to four years.

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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

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

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. Transparent Terms and Competitive Rates When it comes to auto financing, transparency is key.

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Shawn Ryder

FEBRUARY 7, 2024

When you’re dealing with car dealerships, whether buying a new car or getting service on your existing vehicle, you might encounter several terms that aren’t immediately clear. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.

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Shawn Ryder

JANUARY 18, 2025

The lease agreement includes monthly payments based on the vehicle’s depreciation value during the lease term. Some common lease terms are two to four years. This fee can reduce the monthly payments but is not always necessary. This fee generally reduces the amount you need to finance through monthly payments.

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3 Brothers Autosale

OCTOBER 4, 2023

You will have more buying power and more options if you choose a used commercial van; it’s also true that your long-term costs are also kept at a bare minimum. 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.

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Shawn Ryder

JANUARY 20, 2025

Understanding Lease Buyouts A lease buyout occurs when a lessee chooses to purchase the vehicle they have been leasing at the end of the lease term. For many consumers, this option can seem appealing, especially if they have loved driving a particular model and want to keep it long-term. 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. Lease terms may vary, encompassing mileage limit, specific vehicle models, geographical locations, employment history, and credit scores.

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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 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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Shawn Ryder

JANUARY 17, 2025

Loans and Leases: If you have a long-term loan or a lease on the vehicle, it may take longer to reach the point where you owe less than the car’s actual cash value, making GAP insurance a prudent investment during this period. Down Payment Your down payment plays a critical role in how much you owe relative to the car’s value.

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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. Compare interest rates and terms to find the best deal suited for you. Research customer reviews and ratings to ensure you work with a reputable dealer.

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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 26, 2025

Understanding Truck Leasing Leasing a truck is akin to renting; you make monthly payments for a specified period, usually ranging from two to four years. At the end of the lease term, you can choose to return the truck, purchase it at a pre-agreed price, or extend the lease. 10,000 to 15,000 miles per year).

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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. Long-Term Commitment: Committing to a loan means ongoing monthly payments for several years. Budgeting: Determine the amount you can comfortably afford on a monthly basis.

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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. Credit unions may also provide lower rates and more flexible terms. This can be convenient, but its important to compare the terms with those offered by banks or credit unions.

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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 17, 2025

Understanding Prepayment Penalties Prepayment penalties are fees that lenders may charge borrowers for paying off a loan earlier than the agreed-upon term. Loan Agreement Terms: Not all loans come with prepayment penalties, so it is crucial to read and understand your loan agreement thoroughly.

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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. In a BHPH arrangement, the dealership typically has more control over the loan and repayment process, including setting the terms and interest rates.

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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 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

Introduction When you hear the word “equity,” you might think of it in terms of money or ownership. In simple terms, it is the value that you truly own in your car. If the equity is positive, it can be used as a down payment for a new car or to pay off debts. Understanding Vehicle Equity: How is it Calculated?

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Shawn Ryder

JANUARY 24, 2025

Both options come with unique benefits and drawbacks that can significantly impact your financial situation, driving experience, and long-term ownership satisfaction. Once your loan is paid off, you have full rights to the vehicle, which can be appealing for long-term car enthusiasts.

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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

The monthly payment is calculated based on a standard formula: Vehicle Price: The initial cost of the car. Down Payment: Cash or equity you put down at the time of purchase. Loan Term: The duration over which you repay the loan, usually 36 to 72 months. Lowering monthly payments can help expedite the sales process.

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Shawn Ryder

JANUARY 23, 2025

Understanding Vehicle Leasing Leasing allows consumers to drive a new vehicle for a set periodtypically two to four yearswhile making monthly payments that are generally lower than loan payments for purchasing a vehicle. If you value driving a new vehicle every few years and prefer lower payments, leasing might work well for you.

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Shawn Ryder

JANUARY 21, 2025

A car lease is essentially a long-term rental agreement where you pay for the vehicle’s depreciation instead of its total value. Initial Payment: Many leases require an upfront payment, which could be akin to a down payment but usually termed as a “capitalized cost reduction.”

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Shawn Ryder

JANUARY 18, 2024

If you’re confused about the term “upside down” when it comes to car loans, don’t worry – you’re not alone! Being upside down on a car loan simply means that you owe more money on the loan than the car itself is worth. When you first buy a car, it starts to lose value almost immediately.

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Shawn Ryder

JANUARY 18, 2025

When considering vehicle leasing, many customers ponder the necessity of gap coverage. Leasing a vehicle involves an agreement where you pay for the use of a vehicle over a specified term, usually between 2 to 5 years. Leasing can come with lower monthly payments compared to financing, making it an attractive option for many consumers.

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Shawn Ryder

OCTOBER 8, 2024

A Comprehensive Guide to VDP Automotive: Maximizing Your Dealership’s Online Presence In the ever-evolving world of automotive sales, understanding terms like “VDP” (Vehicle Detail Page) is crucial for dealerships striving to optimize their online presence. Pricing Information Transparency in pricing boosts trust.

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Full Path

JULY 30, 2024

Solutions for Dealerships Many dealers ask how they can help customers while maintaining profitability. One promising approach is to focus on reducing monthly payments, which are crucial for many consumers. Unlike traditional loans, leases typically offer lower down payments and monthly costs.

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MforceLA

JUNE 19, 2024

Most used car dealerships routinely update their inventory to ensure customers can access the newest selections. Easy Financing Professional auto dealers make it their mission to simplify and streamline the car-buying process for their customers. Outstanding customer service shows a dealership’s commitment to its clientele.

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MforceLA

JUNE 19, 2024

Most used car dealerships routinely update their inventory to ensure customers can access the newest selections. Easy Financing Professional auto dealers make it their mission to simplify and streamline the car-buying process for their customers. Financing solutions are available with terms and interest rates suitable for your budget.

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