Motor Trader

AUGUST 15, 2024

A recent Carwow survey found half of consumers would like to see deals on new cars that are available for immediate delivery, while 34% would like to see deals on factory-ordered new cars. Carwow will promote deals for 1,000s of new cars available from participating retailers.

Financing Costs 105

Financing Costs Retail Sales Finance 105

Canadian Auto Dealer

JULY 29, 2024

Mid year check up for used car financing A s we navigate through 2024, the automotive financing landscape is heavily influenced by persistently high interest rates, significantly impacting the used car market. Elevated financing costs directly affect car sales, necessitating a crucial role for F&I managers.

Finance 52

Finance Management Financing Costs Dealerships 52

Canadian Auto Dealer

JULY 25, 2024

Pressure from inflation and interest rates continue to impact consumers and dealers through increasing vehicle and financing costs, along with higher fixed and compensation costs, respectively. On average, banks are lending 50% of goodwill values on most dealership buy-sell deals, requiring more cash upfront for transactions.

Banking 52

Banking Financing Costs Spread Finance 52

MforceLA

JULY 23, 2023

Instead, you should negotiate to get a good deal. 8 Tips for Finding the Best Deal at a Used Car Dealership with Negotiation 1. This figure affects the interest rate you will receive on your auto loan and influences your financing cost. You will be better positioned to bargain a fair deal if you are more patient.

Deal 52

Deal Dealerships Finance Financing Costs 52

Canadian Auto Dealer

MAY 10, 2024

OEMs get to set a deal, contract directly with the customer, but they also have to take the commercial risk from the dealers,” said Tongue. By the time the transaction is done, and the vehicle is gone and it’s detected, then the bank pulls their financing and the dealer is out the funds for the vehicle — and the vehicle.

Retail 98

Retail Finance Banking Dealerships 98