Category — Auto financing

More and more consumers are getting their auto financing online instead of from the dealerships where they buy their vehicles. Getting auto financing from a dealership has some benefits: • Convenience – vehicles and financing are in one place and the dealer is motivated to find financing for buyers, no matter their circumstances. • More [...]

Rather than luck, getting the best rate on your auto loan is a skill that can be learnt, where knowing how to negotiate is the crucial component to getting the best deal for yourself. The best way to dispel nerves while negotiating is by remembering that you are trying to save yourself money, and without [...]

Finance departments are where dealers make most of their profit (well, financing and after-market products). Their profit lies on something called the “Finance Reserve.” That is the difference between the interest rate the dealer is offering you and the lower interest rate (called the “buy rate”) the bank offers the dealer. For example, lets say [...]