Remove Banking Remove Finance Remove Vehicle
article thumbnail

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
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

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

Automotive Training Centre

In today’s economy, owning a vehicle is no longer a luxury but a necessity. 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.

article thumbnail

Flooded McLarens, Porsches And Ford GTs Are Filling Florida’s Auction Lots

Jalopnik

Hurricanes Helene and Milton devastated the country earlier this year, wrecking houses , bursting river banks and flooding 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. Lots and lots of cars. Read more.

Banking 62
article thumbnail

Is a Vehicle Test Drive Still Relevant Today?

AutoSuccess

is rather obvious on pre-owned vehicles, since no two pre-owned vehicles are exactly the same and they have wear and tear that new vehicles do not. The big questions are how much wear, and has that wear affected the drivability of the vehicle? Bottom line: Driving the vehicle has a big effect on the customer.

Vehicle 116
article thumbnail

This Guy's Hummer EV Finance Deal Is The Worst I've Ever Seen

Jalopnik

The first rule of being financially secure is to not roll two vehicles worth of negative equity into a ten-percent APR finance deal on a Hummer EV for 50 grand over MSRP. Financial literacy is fundamental, folks. Don’t do that and you’re well on your way to being better with money than the guy featured in a recent… Read more.

Finance 65