MforceLA

JUNE 19, 2024

If you’re a first-time buyer planning to visit a used car dealership, there will be countless questions on your mind that can overwhelm you. Keep in mind that not all used car dealerships are the same. This guide will help explain what you will encounter at a used car dealership.

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3 Brothers Autosale

DECEMBER 20, 2023

This not only makes your monthly payments more manageable but also ensures that a significant portion of your payment goes towards reducing the principal amount. Negotiating Power for Used Car Buyers Walking into a dealership with a good credit score is like having a secret weapon in your arsenal.

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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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AutoRaptor

APRIL 23, 2024

If you’re considering buying a car, you’ve probably come across the term “buy here pay here” dealerships. These dealerships offer a unique financing option that allows individuals with less-than-perfect credit to purchase a vehicle. However, at buy here pay here dealerships, the process is reversed.

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AutoRaptor

APRIL 5, 2024

Buying a car is a major financial decision , and as a dealership or salesperson, it’s essential to ensure that you’re presenting auto loan terms that are right for your customers. Furthermore, it’s vital to take into account your customer’s down payment capacity.

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MforceLA

SEPTEMBER 11, 2023

Should you venture into Craigslist, navigating the world of private sellers, or opt for the more conventional route of visiting your local car dealership to peruse their selection? Opting to purchase from a reputable used car dealership brings forth many advantages that are only sometimes extended by private sellers.

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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. Stay updated on new leasing offers, as limited dealership stock may affect the availability of certain trims. Car Shopping can be daunting.

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Auto Remarketing

APRIL 17, 2024

Once tax return season got underway, many consumers had more income to use as a down payment, driving customers into retail dealerships.” Affordability matters more than ever to consumers, and declines in used-vehicle prices help offset higher interest rates,” Robb said. The year began with used-car sales by dealers falling 6.4%

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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. Understanding the Customer Journey The customer journey refers to the stages a potential buyer goes through when interacting with your dealership, from initial awareness to final purchase and beyond.

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Davey Auto Sales

FEBRUARY 20, 2024

Every major automaker blankets every form of media with flashy ads for new vehicles that throw a lot of numbers at people, trying to get them into the doors of the dealership. If you’re not careful about examining the details, it could become a problem down the road. Are New Vehicle Promos Real?

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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. Then, out come the piles of paperwork with the long-winded contract review and tedious signing process, which ruins the vibe and the positive feeling they had about your dealership.

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Shawn Ryder

JANUARY 19, 2024

Whether you are a car buyer, seller, or even a dealership, understanding vehicle equity can be helpful in making informed decisions. If the equity is positive, it can be used as a down payment for a new car or to pay off debts. But have you ever wondered what determines the equity in a vehicle? What is Vehicle Equity?

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Shawn Ryder

FEBRUARY 14, 2024

Offered by vehicle manufacturers to dealerships, these incentives aim to boost sales of new cars, trucks, and SUVs through various special offers. Lease Specials: Attractive lease terms, including lower monthly payments or reduced down payment requirements, to encourage leasing over purchasing.

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Carcloud Auto Group

DECEMBER 27, 2023

Check the available vehicles HERE Buy Here Pay Here in Richmond VA (BHPH) is a type of car financing in which the dealership acts as both the seller and the lender. In a BHPH arrangement, customers can purchase a car and make payments directly to the dealership, rather than a third-party lender.

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Auto Remarketing

MAY 3, 2024

Even better news: Customers still prefer to come to dealerships to complete their transaction. Buyers should be able to show up at the dealership needing only to answer a few more questions to finish their purchase. What do you want your payment to be? What’s your down payment? What’s the trade-in value?

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Carcloud Auto Group

FEBRUARY 5, 2024

In-house financing is a financing option offered by car dealerships themselves, eliminating the need for a third-party lender. This means that instead of approaching a bank or credit union for a loan, you can work directly with the dealership to secure the financing you need. What is in-house financing?

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Carcloud Auto Group

FEBRUARY 5, 2024

In-house financing is a financing option offered by car dealerships themselves, eliminating the need for a third-party lender. This means that instead of approaching a bank or credit union for a loan, you can work directly with the dealership to secure the financing you need. What is in-house financing?

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Carcloud Auto Group

SEPTEMBER 12, 2024

No credit check auto loans , sometimes referred to as guaranteed auto loans , are offered by some dealerships that specialize in lending to people with no credit or poor credit. Here are some steps to take: Put at Least 10% Down : A larger down payment makes you less risky to lenders and may help secure a better deal.

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Auto Remarketing

FEBRUARY 9, 2024

In some states, it was literally illegal to go to the dealership, and in all states, consumers were pressured not to go into the public. Shoppers prefer to research online and become educated before they reach the dealership. But make no mistake about it: shoppers come to the dealership to complete the transaction.

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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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DealerTrack Insights

MAY 25, 2023

While modern payment solutions historically offered businesses a competitive advantage, these innovations are no longer negotiable. They’re now an expected functionality and directly impact the profitability of your dealership. Convenience to Dealerships Consumers aren’t the only ones to benefit from more modern payment methods.

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3 Brothers Autosale

OCTOBER 4, 2023

This is why the most affordable option may be to get a commercial van from a reputable dealership like West International Corp. Because used commercial vans cost less, they also come with a lower down payment and also lowers monthly payments.

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Hertz Car Sales

OCTOBER 23, 2022

You can choose your down payment and loan term, include a vehicle trade-in, and add Hertz Vehicle Protection Plans, all in just a few clicks. Don’t let the thought of having to spend a long time at a dealership finance office keep you from getting the vehicle you want. It’s that easy.

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Selly Automotive

NOVEMBER 16, 2023

While there's an uptick in the subprime share and lengthening of average loan terms, suggesting improved consumer access to credit, the decrease in approval rates and the increase in down payment amounts introduce new hurdles. This new credit environment is set against the backdrop of nuanced consumer sentiment.

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Cartime Super Center

MAY 17, 2024

You’ll need to consider the down payment, the value of your trade-in , and the monthly payment. Back at the dealership, check the temperature gauge to ensure it’s running cool enough. You should buy a used car with a checklist in hand, whether it’s at a reputable dealership or on Facebook.

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Market Doctors

FEBRUARY 14, 2024

Minimal Upfront Costs: Leasing often requires less money upfront compared to financing a purchase, making it an attractive option for those who may not have substantial savings for a down payment.

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Your Car Buying Advocate

JULY 31, 2023

Knowing if you’re paying the right price or how to talk it down can be hard. We’ll explain these terms in a way that’s easy to understand, so the next time you’re at the dealership, you’ll feel like a car-buying expert. In today’s market, dealerships are adding markup’s. Strange, right?

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AutoSuccessOnline

JULY 24, 2024

For vehicles placed in service January 1, 2024, or later, dealerships must submit certain time-sensitive information reports to both the buyer and the IRS. The first step in the process is for one authorized official of the dealership to register for IRS ECO.

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