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Car ownership has long been a symbol of independence and mobility, but the way people finance their vehicles has evolved significantly. With more consumers opting for carfinance agreements to afford their dream cars, issues related to transparency and fair lending practices have become a growing concern.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. The full conversation can be found below.
However, the financial commitments involved in the outright purchase of a car might overburden some customers or be beyond others entirely. Car Loans While buying a car outright might be outside everyone’s reach, car loans provide an alternative. However, interest rates might be higher due to middlemen fees.
Tesla has just hit a massive milestone: the automaker has rolled out six million cars since 2005, when the first model, the Roadster, saw the light of day almost two decades ago. Then, the Model S sedan came to li. continue reading. )
No, the bankers weren’t donning ski masks, using screwdrivers to break windows, or hotwiring cars to skive off with them in the middle of the night. But according to the Consumer Financial Protection Bureau , Fifth Third Bank illegally repossessed the cars of over 1,000 families after forcing their customers to buy… Read more.
Hurricanes Helene and Milton devastated the country earlier this year, wrecking houses , bursting river banks and flooding cars. Lots and lots of cars. Now, some of those flood-damaged vehicles are turning up at auctions, including real bedroom poster cars from the likes of McLaren , Porsche and Lamborghini. Read more.
Picture Credit Unexpected car troubles can hit when you least expect them, often leaving you scrambling to cover towing bills. Heres how you can manage towing expenses effectively without breaking the bank. Why Towing Bills Catch Many Off Guard Car breakdowns often come out of nowhere.
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. More details to come.
Happy Friday! It’s June 7, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
Sure, he’s responsible for the most important car of the 21st century , and SpaceX does some neat stuff when it’s not ruining the environment , but he’s also a bigoted piece of s**t. It’s no secret that Jalopnik isn’t exactly Elon Musk’s biggest fan. Then again, our staff is a bunch of radical leftists who believe crazy… Read more.
But my true passion was working on cars. I was great at fixing cars but I didn’t have a clue how to run a business. I was great at fixing cars but I didn’t have a clue how to run a business. On top of that, my wife and I were terrible at managing our personal finances. It certainly wasn’t in my bank account.
Sansone, a second-generation car dealer with a diverse portfolio including dealerships, technology and banking companies, shares his journey and the innovative approaches he’s taken to enhance his businesses and contribute positively to the community.
Buying a new car is always a battle between what your heart wants , what your brain wants , and what your bank account can handle, but if you’re a car person then you know the heart often gets what it wants despite logic pointing you in the other direction.
Not long ago, if you were shopping for a new car with a modest budget your choices were limited and some dealers were even marking up the cheapest rides. There are still some greedy dealers , the market has shifted and with some savvy shopping, you can score a new car without breaking the bank. Read more.
I have had my share of epic fails, from financial hardships where food and finances were in short supply, to dealing with crooked people in my employ who decided to liberate funds from my shop for their own gain. Pass these folks along to someone who can vet them. Second, as a shop, never self-fund a repair.
Jerome Powell, chairman of the Federal Reserve, said earlier today that inflation is on its way back down to reasonable levels — levels that would permit the Reserve to start lowering the interest rates it sets for overnight lending between banks. That change can effect everything from mortgages to credit cards , but ho… Read more.
Concerned about an unexplained car problem but unsure about the diagnostic costs ? A car diagnostic service may seem a little pricey at first, but it can help save money in the long run by catching potential issues early. But how much does a car diagnostic cost? This Article Contains: How Much Does a Car Diagnostic Test Cost?
After banking millions of dollars and amassing a huge car collection, one Michigan man’s illegal scam has caught up with him. Cleveland.com reports that Najeeb Khan has been sentenced to eight years in prison for stealing $180 million in a check fraud scheme. Read more.
Next, remind them that you have the best finance managers in the business. Let your customers know that you have a long relationship with some of the largest banks in the country and the best finance managers in the business. It is what’s holding them back, but not stopping them. Get out there and crush it.
However, leasing requires a close review of a car shopper’s credit. in Q1 2023, according to Experian’s Q1 State of the Automotive Finance Market Report. Leasing a vehicle essentially means entering into a contractual agreement to use the car for a specified period, typically two to four years. Leases made up 24.1%
So far this year, the Tesla Cybertruck has been bricked by car washes , gotten stuck on the sandy bank of a lake and been utterly destroyed by a YouTuber’s stress test. However, anyone lumped with the gargantuan electric pickup truck has faced some pretty strict penalties if they try to sell off their Tesla truck,… Read more.
I was raised in my automotive beginnings to know that if the customer didn’t drive the car, management would not give approval to ask the customer to purchase. Some of these factors can only be fully experienced by driving the vehicle: Things like adaptive cruise and automatic lane centering can only be experienced by driving the car.
Are you a Dallas/Fort Worth, TX, resident who’s owned a car for more than a few months? If so, you know how crucial car maintenance and repairs are. Are you interested in minimizing your car’s repair and maintenance needs? As a rule of thumb, cars typically need this work once every six months or 5,000 miles.
The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics Are you in the marketplace for new wheels but navigating the labyrinth of financing options? By disposing of the need for traditional financing routes, those dealerships offer a convenient route to automobile ownership. FAQs How does Buy Here Pay Here finance paintings?
Nokian Tyres recently hosted the grand opening of its passenger car tire factory in Oradea, Romania. The factory will focus on passenger car tire production to be primarily sold in the Central European market as it is strategically located close to that area’s customers.
Nokian Tyres recently hosted the grand opening of its passenger car tire factory in Oradea, Romania. The factory will focus on passenger car tire production to be primarily sold in the Central European market as it is strategically located close to that area’s customers.
Because we live in a car-centric society , having your car unexpectedly break down could cause massive financial hardship. If a car in one of these households needs repairs , and there isn’t… Read more.
A new data breach disclosure requirement for non-banking financial institutions, effective May 13, 2024. “Compliance is critical when working in finance,” stated Kait Gavin, vice president of operations, F&I and titling solutions at Cox Automotive. .
However, there’s a cost-effective solution that can help you save money and restore your car’s beauty: paintless dent repair. The Wrath of a Surprise Hailstorm Surprise hailstorms can strike at any time , often leaving car owners shocked and dismayed. Don’t let surprise hailstorms ruin your day or your finances.
A new report from Deutsche Bank shows that a new sub-$30,000 Tesla is on the way , and it has been nicknamed the Model Q. People who have been holding out hope for a cheaper Tesla shouldnt abandon that dream just yet. It should be noted that the price takes into account the $7,500 tax credit from the Inflation Read more.
The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics A car can make life a whole lot easier. From running errands to going on road trips, your car allows you to go wherever you want, whenever you want. Buying a car, however, is a big decision and investment for many people.
However, the army of internal combustion engine fans still dominates due to several serious shortcomings inherent in cars with electric motors. By purchasing a used hybrid, you extend the lifespan of an existing vehicle, reducing the demand for new car manufacturing and its associated environmental impact.
Race car parts, travel expenses, and even putting their kids on the payroll are all common add-backs used to lower the tax bill. And always keep good books that accurately reflect your business profits and losses to stay in complete control of your finances. Worried About Finances? Look at their productivity numbers, too.
By cutting back in areas that you may not realize are draining your bank account is an easy way to increase your take home pay. Another example could be a tourist passing through town asks another local business owner for a mechanic recommendation because they’re experiencing car trouble.
Essentially, it’s a win-win situation where you get a repaired windshield without breaking the bank. Simply drop off your car, indulge in a latte, and return to find a flawlessly repaired windshield. Find the balance between fixing your windshield and keeping your finances intact. Time Constraints Check your schedule.
Elon Musk is good at two things: having a lot of kids and p **g people off. Now, the Tesla CEO is angering his investors after he sent out an extremely vague social media post following a report from Reuters that the planned $25,000 Tesla is dead. He basically accused the outlet of “lying” on his social media… Read more.
Good morning! It’s Monday, January 22, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
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We had four lifts and one small alignment rack (short rack for cars only). We also have room inside for 12-15 cars in addition to the ones on lifts in case they need to be kept indoors due to inclement weather etc. What was your plan to finance the move? Did you design the new space yourself?
Purchasing a car is a pivotal decision influencing one’s daily commute, lifestyle, and financial well-being. The considerations are multifaceted, from fuel efficiency to safety features, financing options, and after-sales services. One primary benefit of affordable financing options is expanding the customer base.
Good morning! It’s Tuesday, November 28, 2023, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
Hurricanes Helene and Milton devastated the country earlier this year, wrecking houses , bursting river banks and flooding cars. Lots and lots of cars. Now, some of those flood-damaged vehicles are turning up at auctions, including real bedroom poster cars from the likes of McLaren , Porsche and Lamborghini.
This collaboration will empower banks, credit unions and financial service providers to optimize their auto-lending programs and provide enhanced value to their customers through a fully integrated platform. This added value will enhance customer satisfaction by ensuring members have reliable automotive advice and support at their fingertips.
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