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New-Vehicle Financing Hits Record
Consumers are seeking ways to make financing new-vehicle purchases manageable, from extended loan terms to smaller down payments, according to Edmunds.
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SEARCHMENUSEARCHConsumers are seeking ways to make financing new-vehicle purchases manageable, from extended loan terms to smaller down payments, according to Edmunds.
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Interest rates will continue climb, eating into inventory improvements’ effect.
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To showcase how customers can shop from chat to funded deal with no dealership calculation adjustments to match online quotes.
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The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.
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Company plans to showcase new ways to speed up cash flow at NADA 2023.
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Also simplifies web address in effort to add to its ease of use.
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As of January 1, consumers can lease electric vehicles and qualify for up to $7,500 in commercial clean vehicle tax credits.
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Partners with Legacy Auto Credit in Ontario for app-based subscription-to-ownership program.
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Industry veteran identifies trends that will spur F&I growth now and in the future.
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E-signature and e-contracting technologies are more widespread, but digital e-vault tools for securitization and collateralization are focus for 2023
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