Lendbuzz’s Post

Dealers have cars and prices are stabilizing, but people still can't buy a car. Here's why: “it's critical to come to the table with a comprehensive budget and a feel for the financing elements of a car purchase beyond the monthly payment, including the APR,” https://lnkd.in/gVMfCTTp #automotiveindustry #autodealers #learninganddevelopment #rocked #dealership #cardealership #automotivetraining #automotive #

Do you know the role auto lienholders play in used car sales? 🚗 Learn what the phrase "auto lienholders" means to independent dealers. https://lnkd.in/g9vgmrQ3

With inventory rising and interest rates high, auto dealers get a boost from OEM incentives. #auto #autodealerships #incentives https://lnkd.in/geQyJrjB

Automotive News covered our recent "Future of Auto Finance" snapshot survey of credit union professionals, highlighting the data showing that 71% of credit unions plan to expand or deepen car dealership relationships in 2024, and that 59% thought their portfolios would benefit by adding auto leasing in 2024. CULA president Ken Sopp also offered his insight, predicting that leasing would grow industry-wide, expecting its rebound would be "the story of 2024." Click here to read the full article: https://lnkd.in/gaMnP3P3 #CreditUnions #VehicleLeasing #cardealers #LendingSolutions #autoindustry #AutoLending #AutoFinance #automotive #cars

Interesting piece on how the auto market was performing at the end of last year.

If you’ve been vehicle shopping recently, you might have noticed that the car dealership ran your credit multiple times. Don’t panic just yet! 🚘 Our article explains why the car dealership ran multiple hard inquiries on your credit report, and what it means for you. #personalfinancetips #financegoals #personalfinancecoach #financialgrowth #financialgoals

SMS Leads: What to Know About Pre-Qualifying for a Car Loan: Welcome to the world of auto finance pre-approval! Think of pre-approval as seeking approval for a car loan before visiting a dealership, allowing you to understand your budget before heading to the dealer. Getting pre-approved isn’t always a necessary step in car buying; however, by knowing how much you can afford and the interest rates […] The post What to Know About Pre-Qualifying for a Car Loan appeared first on TrueCar Blog. http://dlvr.it/T9VyFs www.CarsBuyText.com #cartalk #Cars #carsofinstagram

Used car loans are at record levels as new car buyers pay cash ParticipationShare the article on FacebookShare the article on TwitterShare the article on LinkedInShare the article by email Automotive buyers are going to dealerships on the lookout for a very good price, but they’re changing the best way they pay for brand spanking new trips. – CNBC’s Phil LeBeau reports. 01:58 Thu, December 3, 20209:04 a.m. EST The post Used car loans are at record levels as new car buyers pay cash appeared first on Everything Auto Finance.

Our Q3 State of the Automotive Finance Market Report shows that the average vehicle loan amount for new and used vehicles decreased after mostly rising over the last three years. For a summary on Q3 vehicle financing trends, read our press release.