Carscoops

JULY 22, 2024

Down payments for new vehicles have slightly decreased. An analysis from Edmunds reveals the average monthly payment reached an all-time high in Q2 2024 of $740, up $735 from the first quarter and $733 last year. A growing number of buyers are also taking on new-vehicle loans with monthly payments exceeding $1,000.

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Best Selling Cars Blog

OCTOBER 1, 2024

– Dealership financing : Dealerships offer financing through partner lenders, which is convenient but may come with higher interest rates than other options. Saving for a Down Payment Here’s a pro tip: save up for a down payment. The more you can put down, the better your chances of approval.

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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

JANUARY 17, 2025

In this comprehensive guide, well explore the implications of negative equity, how it can impact your car buying decisions, and whether applying your down payment toward negative equity makes sense when considering a newer model. This rapid depreciation can outpace the rate at which borrowers pay down their loans.

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Car Examer

NOVEMBER 2, 2024

Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. When you’re buying a car, especially for the first time, the terminology used at UK car dealerships can feel overwhelming. Book inspection 1. PCP (Personal Contract Purchase) PCP is a popular way to finance a car in the UK.

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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

JANUARY 17, 2025

Understanding Negative Equity Negative equityoften referred to as being “upside down” on a loantypically manifests in specific scenarios: Rapid Depreciation: New vehicles can lose a significant percentage of their value in the first year of ownership, often around 20-30%.

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Cartime Super Center

MAY 31, 2024

However, buyers are still looking at hefty price tags and down payments. Car Dealer Incentives 101 Traditional dealer incentives are used by new car dealerships to boost sales of slow-moving inventory, make room for more desirable models, and other reasons.

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Full Path

JULY 30, 2024

In today’s automotive landscape, consumers and dealerships are caught in a complex web of economic pressures. Explore 2024 automotive market and leasing trends, with strategies for dealerships to navigate economic pressures and boost profitability. Leasing has re-emerged as a key strategy to achieve this goal.

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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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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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Shawn Ryder

SEPTEMBER 28, 2024

Conversely, when interest rates decline, financing becomes more affordable, encouraging more customers to take advantage of lower monthly payments and potentially boosting overall sales at dealerships. Therefore, dealerships often see a direct correlation between interest rate trends and their sales figures.

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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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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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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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Dealer World

DECEMBER 10, 2024

The story spreading through dealership break rooms across the country is becoming all too familiar. A new wave of digital payment fraud has hit the auto industry hard, with a particularly nasty scheme targeting Chinese-speaking communities through WeChat. They promise below-market prices but require a hefty 50% down payment.

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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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MforceLA

SEPTEMBER 12, 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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Carcloud Auto Group

JANUARY 11, 2025

Located near Fredericksburg , our dealership specializes in helping customers find financing solutions tailored to their needs. Thats why we offer: Low Down Payments: Get started with minimal upfront costs. Flexible Financing for Every Situation We understand that every drivers financial situation is unique.

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Shawn Ryder

JANUARY 17, 2025

Down Payment Your down payment plays a critical role in how much you owe relative to the car’s value. A larger down payment reduces your loan balance and minimizes the chances of having a gap in coverage since the vehicles depreciation will have less effect on a smaller remaining balance.

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Carcloud Auto Group

JANUARY 11, 2025

Our dealership, located in Stafford, VA, is just minutes away from Fredericksburg. Fredericksburg drivers can enjoy low down payments and flexible terms. Convenient Delivery: Cant make it to our Stafford dealership? Why Choose Car Cloud Auto Group? No problem! Visit Us Today!

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Car Examer

OCTOBER 29, 2024

Down Payment A down payment reduces the amount you need to finance, which lowers monthly payments. A larger down payment now can mean less strain later. Monthly Loan Payments If you’re financing, the monthly payment amount depends on the loan’s term and interest rate.

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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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Shawn Ryder

JANUARY 17, 2025

When it comes to the world of automotive finance, many car dealership professionals often find themselves inundated with a myriad of questions regarding financing options. They may encounter terms and concepts like APR (Annual Percentage Rate), credit scores, down payments, and loan terms, which can be confusing.

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Car Examer

SEPTEMBER 17, 2024

Regardless if it’s purchased from a car dealership or a previous car owner, you’re bound to spend at least a couple thousand dollars on your new ride. Interest rates, payment terms, and security terms may vary. As much as possible, it’s best to pay a larger down payment—one of at least 20% would suffice.

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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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Shawn Ryder

JANUARY 17, 2025

Cash Purchase If you decide to go through with your cash purchase, weigh the pros and cons: Benefits of Cash Purchase: Paying in cash eliminates debt and monthly payments, simplifying your financial obligations. For more strategies on financing options, see our resource on using a credit union and negotiating with car dealerships.

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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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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 17, 2025

When it comes to buying a car, the process can often be overwhelming, especially when navigating the ins and outs of the dealership experience. One of the most common scenarios that raise eyebrows is when a salesperson keeps lowering the monthly payment, often claiming they’re “lucking out” with their manager.

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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

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

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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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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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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