Car Examer

OCTOBER 29, 2024

A good rule of thumb is to keep your total car-related costs (loan payment, insurance, fuel, and maintenance) around 10-15% of your monthly income. What’s a realistic monthly amount for car payments, insurance, and upkeep? Insurance Insurance premiums vary based on the car’s make, model, age, and your driving history.

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Car Examer

OCTOBER 7, 2024

For example, brands like Toyota, Honda, and Lexus often score high in long-term reliability. These vehicles have gone through detailed inspections and often come with extended warranties, so they’re generally more reliable than other used cars. Extended warranty The Bottom Line: Are Used Cars Reliable?

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Shawn Ryder

JANUARY 21, 2025

Lower Insurance Costs: Used cars generally incur lower insurance premiums compared to new vehicles. Insurance companies calculate their rates based on the vehicles value, meaning that the lower the purchase price, the lower the insurance costs. This flexibility allows for manageable monthly payments.

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Car Examer

MARCH 5, 2024

Before participating in an auction, carefully review the terms and conditions of business outlined by the auction house. Ensure you have the necessary insurance coverage for this, either through your own insurance or the seller’s insurance. Excludes all insurance write off’s.

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Canadian Auto Dealer

MARCH 1, 2024

Since residual values of EVs are not as predictable as those of conventional cars, we could see less favourable terms presenting new challenges around financing options. F&I offices are going to need options that cater to these unique challenges, such as extended warranties that cover battery performance.

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Shawn Ryder

JANUARY 27, 2025

Policy Violations: Customers who attempt to negotiate terms that conflict with dealership policiessuch as payment methods or vehicle modificationsmay find themselves refused service. Insurance Packages: Offering insurance products that protect the buyer’s investment in their purchase.

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Canadian Auto Dealer

MARCH 30, 2024

To confidently present finance and insurance products, business managers must be well-versed in the intricacies of extended warranties, GAP insurance and more. But it doesn’t stop there. F&I managers are negotiators extraordinaire.

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Car Examer

JANUARY 25, 2024

Most large used car sellers or manufacturer franchises make another side of the profit from commissions on insurance products and finance options. Financing and Additional Products: Used car dealerships often offer financing options, extended warranties, and additional products to enhance their revenue streams.

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AutoRaptor

APRIL 23, 2024

In the competitive world of automotive sales, having a skilled and knowledgeable Finance and Insurance (F&I) Manager can make all the difference. They also handle paperwork, negotiate loan terms, and work closely with customers to finalize the deal. But the question remains: is F&I manager training worth the investment?

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Autosoft

APRIL 11, 2024

Reading Time: 5 minutes 10 Ways to Unleash the Potential of Your Dealership’s F&I Department April 11, 2024 Within automotive sales, the Finance and Insurance (F&I) department holds a crucial position, impacting both profitability and customer satisfaction.

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Autosoft

MARCH 25, 2024

Unleashing the Potential of Your Dealership’s F&I Department March 25, 2024 Bryce Veon 7 mins read Within automotive sales, the Finance and Insurance (F&I) department holds a crucial position, impacting both profitability and customer satisfaction.

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Drive.com

APRIL 4, 2024

In the simplest terms, the fringe benefits tax (FBT) is a tax paid by employers on certain benefits provided to their employees. As tax time approaches, brush up on your fringe benefits tax knowledge and find out which cars are FBT-exempt in 2024.

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Drive.com

FEBRUARY 17, 2025

Kristian Appelt, Director at Iron Chef Imports , says that there is a chance that the brand may or may not honour the factory warranty. “As a general rule, no [the warranty is not valid], their terms will state it is only applicable in the country where the vehicle is sold new,” said Appelt. Yes, you can.

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MforceLA

APRIL 12, 2024

Furthermore, military discounts may come with added perks like free maintenance packages or extended warranties, enhancing the overall value proposition for military customers. Also, long-term ownership costs, including maintenance and insurance, should be considered to make an informed decision.

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MforceLA

APRIL 12, 2024

Furthermore, military discounts may come with added perks like free maintenance packages or extended warranties, enhancing the overall value proposition for military customers. Also, long-term ownership costs, including maintenance and insurance, should be considered to make an informed decision.

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MforceLA

JUNE 21, 2023

Furthermore, these cars have extended warranties, and they are usually in better shape than most used cars on the market. You will have a back-and-forth with the manager until you settle for their terms or the manager throws in the towel to offer you a good deal.

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Your Car Buying Advocate

JULY 31, 2023

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 and Invoice Price Let’s start by learning two important terms: MSRP and Invoice Price. Ready to become a savvy car shopper? They all mean the same thing.

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Shawn Ryder

MARCH 12, 2024

In this blog post, we will dissect the components of a car deal, shedding light on hidden fees, demystifying financing terms, and emphasizing the importance of reading the fine print to empower consumers to make informed decisions when buying a vehicle. Another aspect to consider is the cost of financing.

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Turbo Marketing Solutions

JUNE 13, 2024

Understanding lead generation is vital for car dealerships as it forms the foundation of their customer acquisition strategy and plays a pivotal role in driving sales and fostering long-term customer relationships.

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Carcloud Auto Group

FEBRUARY 27, 2025

On the other hand, the Toyota Camry doesnt lag behind in terms of performance. The Honda Accord has consistently received high safety ratings from organizations like the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS). The standard 2.5-liter

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Drive.com

JULY 17, 2024

However, delve into the fine print, and you will find myriad conditions and shorter warranty periods for different parts of the vehicle – such as three years/60,000km for the infotainment screen or four years/100,000km for the headlights. Click here to read the full terms and conditions (scroll to page 15). Should I buy a BYD Atto 3?

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Car Examer

MARCH 4, 2024

Terms and Conditions: Thoroughly read and comprehend the auction house’s terms and conditions before engaging in bidding activities. Test Drive Requirements: Ensure you are insured to take the car for a test drive, either through your insurance or the seller’s insurance.

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Auto Alert

MARCH 21, 2025

Sales teams often default to discounts to close deals, but too many price cuts eat into margins and set unrealistic customer expectations, which are difficult to maintain for the long term. Vehicles sitting on the lot too long incur higher holding costsincluding depreciation, insurance, and floor plan interest.

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Carcloud Auto Group

FEBRUARY 13, 2025

Be sure to inquire about interest rates, loan terms, and any hidden fees. A dealer that offers a comprehensive warranty can enhance your peace of mind , knowing that you are protected against potential issues after your purchase. Be sure to evaluate the terms of these plans carefully.

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