Carscoops

JANUARY 18, 2024

While the brand has expanded it to customers in one more state, Illinois, where the vehicles are manufactured, it remains exclusive to residents of 15 states. The good for lessees is that both the R1S and R1T qualify for a $7,500 tax credit under the clean vehicle program when leased. Leasing is now available on R1S.

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3 Brothers Autosale

DECEMBER 20, 2023

Obtain pre-approval from a financial institution to set a budget and streamline the car-buying process. Consider making a larger down payment, which can further enhance your negotiating power and reduce the borrowed amount. If your credit score has improved since the initial loan, you may qualify for a lower interest rate.

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Finance Down Payment Pre-Qualify Banking 100

Shawn Ryder

JANUARY 18, 2025

A common question that arises is: do manufacturers calculate interest and add it to the loan? In this blog post, we will explore the intricacies of automotive financing, including how interest is determined, what factors influence the rates, and how manufacturers and dealerships play a role in this process.

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Shawn Ryder

JANUARY 18, 2025

Typically, when leasing, you’ll come across various requirements including credit checks, proof of income, and possibly a sign-on fee (often referred to as a down payment or capitalized cost reduction). This fee can reduce the monthly payments but is not always necessary. Some common lease terms are two to four years.

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Shawn Ryder

JANUARY 19, 2025

While longer terms lower monthly payments, they typically increase the total interest paid over the life of the loan. Down Payment Putting down a larger down payment can significantly reduce your loan amount, leading to lower interest rates and monthly payments.

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Your Car Buying Advocate

JULY 31, 2023

MSRP stands for Manufacturer’s Suggested Retail Pric e. It is essentially a price the manufacturer suggests the dealer sell the vehicle for regardless of the invoice amount the dealer has actually paid for the vehicle. This is what the dealership pays the manufacturer to get the car.

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