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Deceived Fisker Ocean Owners Get an Offer They Can't Refuse From JPMorgan Chase

autoevolution

Specifically, the bank that financed Fisker Ocean purchases partnered with Rivian to buy back Fisker vehicles at a fair price. Fisker Ocean owners were left holding the bag when Fisker filed for bankruptcy, leaving them without support and out of options.

Banking 96
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Uncovering Hidden Costs: How Car Finance Agreements Affect Consumers

Auto Service World

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 car finance agreements to afford their dream cars, issues related to transparency and fair lending practices have become a growing concern.

Finance 130
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Organizing The Financial Records for a Smooth Tax Filing

AutoShopOwner

Bank Statements Bank statements provide a record of all transactions that pass through your business bank accounts, including deposits, withdrawals, and electronic transfers. Remember to reconcile your bank statements regularly to ensure accuracy. Separating your business and personal finances is crucial.

Banking 130
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Why Accessing Financing is More Challenging for Indie Dealers

Solera

As independent dealers hustling in a competitive market, you’ve probably faced the daunting challenge of getting solid financing. But fear not; we’re breaking down the why and offering game-changing strategies to help you level up your financing game. Your finance revolution starts now.

Finance 130
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PODCAST: Automotive Intelligence Award honoree Jonathan Banks

Auto Remarketing

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.

Banking 52
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How To Increase Affordability For Customers After Automotive Sales And Leasing Courses

Automotive Training Centre

These loans can be arranged in two ways: Loans arranged through a dealer: Most dealers collaborate with a manufacturer’s financing division, banks, credit unions, or independent finance companies. Knowledge is power; the more information a customer has, the better equipped they are to choose the best financing route.

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Tesla Hits Huge Milestone: This Is Car Number 6 Million

autoevolution

Production started with a bank loan and with 2,400 Roadsters built by hand in the back of the Sales/Service location in Menlo Park, California, as told by Tesla Vice President Finance, Sendil Palani. Then, the Model S sedan came to li. continue reading. )

Banking 105