Tag: auto finance
The time is now for F&I transparency
Even before the pandemic, the auto industry was undergoing a transformation. Operations like CarMax and Carvana were delivering "no surprise" experiences to customers, while Tesla sought to skip...
More cash deals than ever in ’23—How to turn a negative...
‘I can’t wait to take the next cash deal!’ said no F&I manager EVER.
Most see them as a ‘dead’ deal where there is little...
Are car buyers who work-from-home making F&I sales easier?
For the last few years since the start of the pandemic, companies have been more open to the idea of working from home to...
Remove risk from out-of-state sales and make money faster
Out-of-state auto sales give dealerships a great revenue stream – but if you don’t manage them correctly, they can also make you pace up...
Why some car buyers are choosing shorter auto loan terms —...
Experian's State of the Automotive Finance Market Q1 2023 has found that some new vehicle shoppers opted for shorter auto loan terms in the...
Debt ceiling vote: default avoided but uncertainty remains
In a last-minute vote to prevent a devastating national default, the Senate approved a bill suspending the debt ceiling on Thursday evening.
Having now cleared...
How lenders can more effectively guide F&I customers in a digital...
Today's car customers have more control over the auto financing process than ever before, but many are still struggling to navigate the post-pandemic car...
Analysts makes cautiously optimistic prediction for Q1 auto sales
According to Cox Automotive's first quarter sales forecast, the U.S. car market has performed better than analysts expected at the end of last year.
Cox...
Is there room for fixed F&I pricing at your dealership?
Who likes to haggle? No one. But in F&I this has been seen as not only expected but customary for decades. No two buyers...
myKaarma brings dealers relief from credit card fees and complexity with...
Faced with ever-present and constantly rising credit card processing fees, automotive retailers can now leverage a new payment and surcharge feature developed by myKaarma,...