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9 Smart Tips for Financing Your Next Car Purchase In Australia

Car Examer

Fortunately for new car owners, most car dealers provide flexible payment terms to help you spread out your payments over time and make the repayment cost more reasonable. This allows buyers to get either a better deal or better payment terms for their purchase. For used cars, there’s also the used car loan.

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Used Car Dealer Incentives | The Best Deal

Cartime Super Center

However, buyers are still looking at hefty price tags and down payments. But if new car rebates and other incentives have you on the fence, a better understanding of what’s really going on should help. Like with special rebates and most other incentives, buyers must have excellent credit to qualify.

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Why You Should Care About Good Credit Auto Financing?

3 Brothers Autosale

Your credit score is a numerical representation of your creditworthiness, and a higher score opens doors to lower interest rates and better loan terms. Armed with favorable financing terms, you have the upper hand in negotiations. A longer loan term may offer lower monthly payments but could result in paying more interest over time.

Finance 100
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Maximizing Sales with Dealer Incentives: A Guide to Manufacturer Offers

Shawn Ryder

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.

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New Vehicle Promotions You Should Watch Out For

Davey Auto Sales

Sometimes these kinds of offers end up with: A higher monthly payments because of required add-ons and other fees not made entirely clear. A large down payment could be required, putting the deal out of reach of many buyers – especially those with less-than-perfect credit scores.

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How will the year shape up?

Canadian Auto Dealer

People wanted it and absorbed the increase in monthly payments. If you look at the proportion of down payment Canadians are putting on a car, people are putting more money down.” That’s factoring in jurisdictions that have extra government support in the form of provincial rebates (and federal government rebates).”