Automotive Mastermind

SEPTEMBER 30, 2022

auto dealers are facing new hurdles related to customer financing. Many credit unions are offering lower interest rates than leading top automakers captive financing arms. The Benefits of Captive Financing What is captive financing? Captive financing is the financial arm extended by OEMs to the dealership level.

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Shawn Ryder

FEBRUARY 14, 2024

Lessees pay a monthly fee to use the car but do not own it. Buying a Vehicle: Ownership and Long-Term Savings Buying a car means you pay for the vehicle’s full ownership, either upfront or through financing. This article delves into the differences between leasing and buying a vehicle, helping you make an informed decision.

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Carscoops

NOVEMBER 18, 2024

Not only will it agree to install a charger for those who buy or purchase some EVs, but it’ll stack discounts and financing deals onto that too. That means that buyers or lessees will get a charger installed at their home (if applicable) included in the cost of the car itself.

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Car Examer

FEBRUARY 25, 2024

Whether you’re a potential car buyer or someone exploring varied financing options, this guide is designed to illuminate the intricacies of lease purchase. Lease purchase, often referred to as “rent-to-own,” is a financing arrangement that blends elements of both leasing and traditional auto loans.

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Shawn Ryder

JANUARY 28, 2025

A lease buyout occurs when a lessee opts to purchase the vehicle at the end of the lease term. Lessees can either buy the car for this predetermined residual amount or walk away and return the vehicle to the dealer. Understanding this is crucial for lessees considering their options. What is a Lease Buyout?

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Shawn Ryder

JANUARY 22, 2025

When considering financing options for new or pre-owned vehicles, consumers often find themselves navigating the complexities of leasing and purchasing. Understanding Financial Leases A financial lease is a popular method of vehicle financing that enables drivers to use a vehicle without the commitment of ownership.

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Shawn Ryder

JANUARY 26, 2025

As a car lease approaches its expiration date, one of the most common questions lessees ask is, “What happens if I go beyond the expiration date to buy it out?” This can hinder future financing or leasing opportunities. Step 5: Complete the Purchase Once financing is secured, you can complete the buyout.

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Shawn Ryder

JANUARY 18, 2025

When considering whether to lease a vehicle, many potential lessees focus on monthly payments, terms, and other costs. Here are some parameters to consider: Lowering Your Monthly Payments: Increasing your down payment reduces the total balance financed, thus lowering your monthly payments.

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Shawn Ryder

JANUARY 18, 2025

Leasing can come with lower monthly payments compared to financing, making it an attractive option for many consumers. While not legally required, gap coverage is highly recommended for lessees for several reasons: Depreciation Risk: Vehicles depreciate rapidly, especially in the first few years. Do You Need Gap Coverage for a Lease?

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Shawn Ryder

JANUARY 18, 2025

However, many potential lessees often find themselves asking, Can I lease a new Honda Civic Sport without a sign-on fee? This fee generally reduces the amount you need to finance through monthly payments. Explore financing options that could potentially bundle your sign-on fee into your monthly payments. What is a Sign-On Fee?

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AutoSuccessOnline

FEBRUARY 7, 2024

The CPR for Cars Car Payment Reimbursement Program reimburses the vehicle purchaser or lessee the monthly financial obligation (monthly car loan or lease payment) when a covered vehicle is out of their care, custody or control. VinTraxx Automotive focuses on providing solutions that address gaps in the buying, marketing, and finance process.

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Shawn Ryder

JANUARY 17, 2025

Buying: Purchasing a car involves paying the full sales price (or financing it) to own the vehicle outright. Flexible Budgeting: This advantage can be particularly appealing for budget-conscious consumers looking for quality vehicles without stretching finances. Making the Decision: Lease or Buy?

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Automotive Mastermind

NOVEMBER 18, 2022

The Cost of Financing Vehicles Has Risen The cost of financing vehicles is high for a variety of reasons, including: Customer demand Inflation Rising interest rates According to TransUnion reports , used vehicles “propel the debt metric,” with average used-vehicle monthly payments rising 22% on a year-over-year basis to $505 in Q1 2022.

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Shawn Ryder

JANUARY 17, 2025

For many potential car lessees, the excitement lies in finding a vehicle that fits their needs while also ensuring they receive a lucrative deal. One of the most attractive aspects of leasing is the often lower monthly payments compared to traditional financing options. Higher residual values result in lower monthly payments.

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Shawn Ryder

JANUARY 19, 2025

Better financing options if the trade-in value exceeds remaining lease obligations. As a potential lessee, understanding your dealership’s policies and leveraging useful information can save you money and make your transition seamless. Lower payments on a new lease or vehicle if you trade in an older model early.

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Your Car Buying Advocate

DECEMBER 5, 2023

Benefits of a no money down lease Leasing offers several advantages Lower Monthly Payments: Leasing cars usually has lower monthly payments than financing, which is appealing if you’re concerned about your budget. Lease a New Car: Some lessees opt to enter into a new lease, starting the process over with a different vehicle.

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Automotive Mastermind

OCTOBER 29, 2021

While the captive share of financed new vehicle registrations has continually increased over the past few years, captive loans represented 51% of new vehicle registrations that were financed in 2020 according to IHS Markit, with captive loans facilitating about 90% of leases.

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Carscoops

OCTOBER 31, 2024

On top of that, Dodge has confirmed that the Daytona EV will also qualify for the $7,500 federal tax credit that’s become a common incentive across the industry, giving lessees the same financial break as those who opt to purchase the car outright.

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Carscoops

OCTOBER 16, 2024

While offers vary, we found 0% financing or a $7,000 cash allowance on the Jeep Grand Cherokee. Gladiator customers can get “10% Below MSRP,” while “Current FCA LLC lessees that finance can get $9,500” off the Dodge Hornet R/T.

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Shawn Ryder

JANUARY 26, 2025

Lower Monthly Payments: One of the most attractive aspects of leasing is the lower monthly payment compared to financing a purchase. Financing Options Many dealerships offer financing options tailored for former lease customers. By purchasing the vehicle, you can avoid these costs and keep the car you have been driving.

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Carscoops

NOVEMBER 28, 2024

The company also offers 0% APR financing for the Model 3 and Y, which might be a better deal. Tesla, always the one to move the finish line just as its customers are about to cross it, has finally decided to let lessees buy out their leases. Here’s the rundown: 1) Open the Tesla app.Tap ‘Financing.’

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