article thumbnail

Rivian Gets Into The Used EV Game With Pre-Owned Program

Carscoops

These pre-owned vehicles can be purchased outright, and financing is also available. Speaking with Auto News , Rivian said it’s not selling extended warranties on its pre-owned models, but according to Edmunds senior analyst Ivan Drury, extended warranties may be offered at a later date as they can be very profitable for a brand.

article thumbnail

Should I buy an extended warranty on a used car?

Shabana Motors

An extended warranty ensures you are prepared should the unexpected happen. Owning a used car can be unpredictable, and unexpected repairs can be costly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

WSG uses Bumper PayLater finance service after successful dealer pilot

Motor Trader

Over the past few months, WSG has been piloting Bumpers PayLater solution for customers renewing their warranty. Dealers can now offer customers up to 10 payments for extended warranties, paint protection packages and other add-ons either individually, or purchased together.

Finance 52
article thumbnail

How Car Finance Companies Fail Consumers

Car Examer

Here’s a breakdown of the ways some car finance companies fail consumers—and how you can protect yourself. When it comes to buying a car, car finance is a popular choice for many people. However, not all car finance deals are as good as they seem. However, finance companies sometimes use a narrow interpretation of this act.

Finance 59
article thumbnail

4 Innovative Strategies to Revitalize Your Dealership's F&I Department

Vanguard Dealer Services

This department’s responsibilities often include discussing dealer financing options, managing the associated paperwork/agreements, or offering optional add-on products like extended warranties to ensure a comprehensive buying experience. The F&I department can be the lifeblood of any dealership.

article thumbnail

The Advantages of In-House Financing at Car Dealerships.

Auto City

The Advantages of In-House Financing at Car Dealerships. For those interested in car shopping, few realize the number of benefits available when choosing to purchase a new or pre-owned vehicle with in-house financing through the dealership. They’re even known for throwing in a few incentives. appeared first on Auto City Credit.

Finance 52
article thumbnail

Nissan Allows Dealers To Sell Cars At A Loss, Up To 15% Below Invoice

Carscoops

In-house financing is a crucial piece of that since dealers make extra cash on the back end. Junk fees, pointless extra packages, and extended warranties could all be part of the plan for some of these businesses too. ” In an effort to recover profits wherever possible, dealers say that they’re using various tactics.