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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. Consider making a larger downpayment, which can further enhance your negotiating power and reduce the borrowed amount.
These can include cash rebates, low Annual Percentage Rate (APR) financing, lease specials, and other promotional offers. Types of Dealer Incentives Cash Rebates: Manufacturers may offer cash bonuses to dealers for each unit sold of a particular model, which can then be passed on to consumers as discounts.
Robert Karwel, JD Power Senior Manager Automotive Practice Canada, told Canadian auto dealer sales collectively rose in 2023 from 2022 for several reasons, notably consumer fundamentals remained strong. “My People wanted it and absorbed the increase in monthly payments. per cent from 2022. A car is a desire-driven purchase.
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