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Why You Should Care About Good Credit Auto Financing?

3 Brothers Autosale

Considering the importance of good credit auto financing, let’s look at some valuable insights and tips for used car buyers looking to make a smart investment. Understanding Good Credit Auto Financing Good credit isn’t just a badge of financial honor; it’s your golden ticket to favorable auto financing.

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In it for the long haul

Canadian Auto Dealer

Being a steady partner pays off in the end for auto lending giant W hether it comes to your floor plan financing, or getting loans approved for vehicle buyers, being available and dependable for dealers is the name of the game when it comes to auto industry lending. Growing up I’ve always liked cars, finance and people.

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Carvana Now Applies $4,000 Used EV Tax Credit Instantly At Checkout

Carscoops

Buyers must meet income and other requirements to qualify for the credit. Consumers seeking pre-owned electric vehicle or plug-in hybrids in the United States can now benefit from a streamlined tax credit process offered by online used car retailer Carvana. Not all used EVs, PHEVs , and fuel cell vehicles will qualify for the credit.

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90% of Auto Dealers/Lenders Link AI-based Pricing to Inaccurate Quotes

Dealer World

Adding further challenge is the fact that over half of lenders and dealers report that payment terms are negotiated with the online customer before a lender decision. Only 43% said “payments tied to jurisdiction sales tax, license and registration fees,” PLUS actual customer pre-qualified to a specific lender decision.”

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New tech can help dealers deliver good Consumer Duty outcomes, says iVendi.

Motor Trader

Most of the major providers in the motor finance market are switching to a risk-based pricing model. James Tew, CEO at iVendi, said: “We’re in a situation where four of the largest motor finance providers are moving to a risk-based model for some or all of their customers.

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New eLEND Solutions Survey Underscores Challenges of Delivering Accurate Online Payment Quotes

AutoSuccessOnline

Adding further challenge is the fact that over half of lenders and dealers report that payment terms are negotiated with the online customer before a lender decision. Only 43% said “payments tied to jurisdiction sales tax, license and registration fees,” PLUS actual customer pre-qualified to a specific lender decision.”

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5 Things You Can Do to Accelerate Your Dealership Deals

Autosoft

Efficiency is the name of the game, and by implementing the right strategies, you can not only meet but exceed customer expectations while boosting your bottom line. 5 Ways to Shift Your Dealership into High Gear A smooth, efficient sales process can mean the difference between closing the deal and watching a customer walk away.

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