Shawn Ryder

JANUARY 18, 2025

In the automotive retail landscape, financing plays a crucial role in maximizing sales and ensuring customer satisfaction. For dealerships, providing funding options is not only about facilitating transactions but also about building lasting relationships with clients.

Finance 52

Finance Dealerships Down Payment Banking 52

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.

Down Payment 52

Down Payment Electronics Retail Finance 52

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.

Down Payment 52

Down Payment Electronics Retail Finance 52

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.

Gap Insurance 40

Gap Insurance Term Extended Warranty Insurance 40

AutoSuccessOnline

DECEMBER 13, 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.

Electronics 52

Electronics Down Payment Networking Spread 52

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?

Down Payment 52

Down Payment Principal Finance Dealerships 52

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.

Down Payment 52

Down Payment Finance Insurance Dealerships 52

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.

Finance 40

Finance Down Payment Dealerships Technology 40

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. MSRP stands for Manufacturer’s Suggested Retail Pric e. Strange, right?

Finance 52

Finance Pre-Qualify Deal Insurance 52