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Walking into a car dealership can feel like entering a chess game where every move counts and a good salesperson will dangle preapproval for reasonable car loans or car payments before you can ...
Weigh the pros and cons while taking advantage of an auto refinance calculator. Below are some situations where it might make sense to refinance: ... You received dealer financing. Typically, the ...
Don’t: Rely on Dealership Financing. ... “Most people have an ideal monthly payment in mind and try to focus on this at the dealership,” said Ron Montoya, senior consumer advice editor for ...
Financing a used car from a private seller involves securing a loan from a bank, credit union or online lender to purchase a vehicle directly from an individual rather than a dealership. Unlike ...
The practice of using floorplan loans to finance inventory creates an incentive for the dealers to sell vehicles as quickly as possible in order to reduce the amount of interest that will accrue on the floored vehicle. Floor planning costs can run into hundreds of thousands of dollars a month for a big multi-location dealer with large inventories.
The advantage to the dealership of having an RFC finance was decreased risk on the sale and finance of the vehicles sold. Since both the RFC and the dealership had the same ownership, the owners could benefit from the profit on the sale of the vehicle and the profit on the loan for the vehicle. Historically, the down payment required on a BHPH ...
Never let the dealer lay out these pros and cons for you. Do your own homework, and if you decide that buying is in your best interest, be prepared to politely refuse dealers who might try to talk ...
Senior and mature drivers with safe driving habits can save money by using telematics programs. Insurance companies typically offer an initial discount of 5% to 10% just for enrolling in their ...