Tag: auto finance
Why some car buyers are choosing shorter auto loan terms —...
Experian's State of the Automotive Finance Market Q1 2023 has found that some new vehicle shoppers opted for shorter auto loan terms in the...
Debt ceiling vote: default avoided but uncertainty remains
In a last-minute vote to prevent a devastating national default, the Senate approved a bill suspending the debt ceiling on Thursday evening.
Having now cleared...
How lenders can more effectively guide F&I customers in a digital...
Today's car customers have more control over the auto financing process than ever before, but many are still struggling to navigate the post-pandemic car...
Analysts makes cautiously optimistic prediction for Q1 auto sales
According to Cox Automotive's first quarter sales forecast, the U.S. car market has performed better than analysts expected at the end of last year.
Cox...
Is there room for fixed F&I pricing at your dealership?
Who likes to haggle? No one. But in F&I this has been seen as not only expected but customary for decades. No two buyers...
myKaarma brings dealers relief from credit card fees and complexity with...
Faced with ever-present and constantly rising credit card processing fees, automotive retailers can now leverage a new payment and surcharge feature developed by myKaarma,...
APCO Holdings, LLC, acquires National Auto Care, creating nationwide F&I force
NORCROSS, Ga.—January 3, 2023— APCO Holdings, LLC, a leading provider and administrator of automotive F&I products and home to the EasyCare and GWC Warranty...
CU’s share of auto lending increasing — How to compete in...
“I have my loan already handled with my credit union.” There is not an F&I Manager on the planet that enjoys hearing that from...
Small changes in F&I questions can yield big results
To sell anything to anyone, regardless of the product or industry, it’s important to master one thing: asking the right questions. In the dealership...
More car buyers are signing up to pay $1,000+ a month...
Research shows that many car buyers are taking home monthly loan payments of $1,000 or more.
According to Edmunds, 14.3% of buyers who financed a...
