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What Every First-Time Car Buyer Wishes Their Dealer Knew

Auto Alert

The better your staff communicates, the more comfortable your customers will be. Work with your team and continually train to offer customers the best possible experience. Avoid dealership or finance jargon and teach them to communicate in consumer-friendly terms and answer questions along the way.

Buyer 59
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Can I get a deal on a 2024 Audi S5 Convertible knowing that this is the final model year with a convertible option?

Shawn Ryder

To find the best deals, potential buyers can leverage several strategies: Incentives: Dealerships may offer manufacturer incentives, including cash rebates or low financing rates. Additionally, consumers should consider the advantages of working with dealerships that emphasize customer service.

Deal 52
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Does Buying/Leasing 2 Cars at Once Give Me More Leverage at a Dealership?

Shawn Ryder

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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Should I finance a used truck?

Shawn Ryder

Assessing Your Financial Situation Before making a decision on financing, its crucial to evaluate your financial circumstances. Consider the following: Your Credit Score: A higher credit score generally leads to better financing rates. Consider all associated costs such as insurance, maintenance, and fuel.

Finance 52
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Lease buyout at market value instead of residual value?

Shawn Ryder

Financing Rates: If you’re financing the buyout, be aware of interest rates and terms available to you, as this can affect the overall cost. Insurance Changes: Owning the vehicle might mean a change in insurance premiums, which can alter your monthly costs. This can significantly impact your cash flow.

Lessee 52
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Is F&I Manager Training Worth the Investment?

AutoRaptor

In the competitive world of automotive sales, having a skilled and knowledgeable Finance and Insurance (F&I) Manager can make all the difference. One crucial aspect of an F&I Manager’s role is to stay updated on industry trends and changes in financing options.

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EV lessons learned

Canadian Auto Dealer

My EV insurance premium is also a bit higher. At the time, the finance rate was several points lower than the lease rate. While EV training is a must, a 1 or 2-day ride-and-drive at vehicle launch is insufficient for your sales consultants and service advisors to fully appreciate the customer’s EV reality.

Retail 52