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Why You Should Care About Good Credit Auto Financing?

3 Brothers Autosale

Considering the importance of good credit auto financing, let’s look at some valuable insights and tips for used car buyers looking to make a smart investment. Understanding Good Credit Auto Financing Good credit isn’t just a badge of financial honor; it’s your golden ticket to favorable auto financing.

Finance 100
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Capital One Introduces Digital Lead Generation Tool for Auto Dealers

AutoSuccessOnline

Capital One Auto Finance has rolled out a new digital prospecting tool that allows dealership sales teams to capture leads through tap-to-scan technology, expanding their reach beyond traditional sales environments. The pre-qualification process takes just minutes, providing customers with actual rates and payment information.

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Carvana Now Applies $4,000 Used EV Tax Credit Instantly At Checkout

Carscoops

Buyers must meet income and other requirements to qualify for the credit. Consumers seeking pre-owned electric vehicle or plug-in hybrids in the United States can now benefit from a streamlined tax credit process offered by online used car retailer Carvana. Not all used EVs, PHEVs , and fuel cell vehicles will qualify for the credit.

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90% of Auto Dealers/Lenders Link AI-based Pricing to Inaccurate Quotes

Dealer World

In fact, over 70% of respondents agree that having finance involved in the deal flow prior to the first pencil, digitally or otherwise, would improve the process for all parties. Only 43% said “payments tied to jurisdiction sales tax, license and registration fees,” PLUS actual customer pre-qualified to a specific lender decision.”

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New tech can help dealers deliver good Consumer Duty outcomes, says iVendi.

Motor Trader

Most of the major providers in the motor finance market are switching to a risk-based pricing model. James Tew, CEO at iVendi, said: “We’re in a situation where four of the largest motor finance providers are moving to a risk-based model for some or all of their customers.

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Jeff Wyler Automotive Family Completes First 100% Online New Car Sale

AutoSuccessOnline

Our shoppers can buy a new car in less than 15 minutes, with the ability to get approved for financing, place their car in a shopping cart, and purchase their car 100% online,” said David Wyler, president of the Jeff Wyler Automotive Family. “We have pioneered the first new car transaction completed 100% online with WylerComplete.

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Leveraging ChatGPT for Car Dealerships Success: A Comprehensive Guide

Shawn Ryder

When a customer visits your dealership’s website at midnight and wants to know about financing options, ChatGPT can provide instant responses, including rate estimates, documentation requirements, and more. ChatGPT can offer side-by-side comparisons, complete with detailed specs, pros and cons, and special financing offers for each vehicle.