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Are National Lease Specials Too Good to Be True?
If you’re shopping for a new car, then chances are that you’ve come across some really tempting, budget-friendly lease deals on a car dealer’s website. For example, Honda’s current national lease special for the 2020 Honda Passport is for $329 per month for 36 months with $3,099 “due at lease signing.” It sounds like a …
What Is a ‘Straw Purchase’ and Why Is It Illegal?
If you need to buy a car and have troubled or no credit, then you do have options. You can wait to buy a car and save up money to pay for it in cash, you can spend time building your credit, or you can get a co-signer with better credit to co-sign on a …
Why Car Dealers Don’t Care About Your Online Credit Score
Have you ever applied for a car loan, either on your own and through a dealer, and your credit score came out different than what Credit Karma, or your credit card (Capital One, Chase, etc.), told you? The truth is, the dealers don’t really care about the score that you can readily show them on …
Why Would Anyone Want to Be a Car Salesperson?
Imagine working in a store where every customer that walks in the door hates you automatically before even meeting you and your job is to sell them on the second biggest purchase they will ever make in their lifetime. If you can picture that, then you have only scratched the tip of the iceberg on …
What’s the Deal With the Dealer Buyback Offers in Mail?
If you have ever leased or financed a car from a dealership, then you might get an offer in the mail from them offering to buy back your car within the first two to three years of owning or leasing it. But why would a dealership want to buy your car back, or have you …
Right Now Might Not Be The Time To Buy A Used Car
Over the past few months, it seems like small businesses and large businesses everywhere have been taking massive hits. Car dealerships were in this category for a while, which actually made it a good time to buy a new or used car. At the beginning of dealership closures and general travel restrictions, the demand for …
Car Companies Will Have to Do These Two Things to Be Successful Now
It’s not a secret that current economic conditions have had a significant impact on the automotive industry across the globe. Auto show cancelations and manufacturing closures will require specific attention moving forward. Faster production cycles and shorter project timelines will need to be implemented quickly for car companies to recover. They will also have to …
Paying Attention to Model Cycles Can Save You Big Money
Buying a used car isn’t the only way you can benefit when purchasing a vehicle. Buyers that stay informed on model cycles can also save a lot of money. Not everyone understands how automotive model cycles work. What’s the difference between a refresh and a redesign anyway? Knowing the differences will save you a lot …
Why Do Car Dealerships Still Exist?
Car dealerships have seemingly been the bane of every car shopper’s existence for as long as we can all remember. Due to the social stigmas that have built up over the past century, having to step foot into a car dealership can conjure up feelings of anxiety, fear, and even anger, in some consumers. So …
Test Driving a Car During the Pandemic
With orders to stay at home during the coronavirus pandemic, you might be wondering what it’s like to actually go shopping for a car. I recently had the chance to go through most of the steps of the car-buying process in order to see how some car dealerships are currently handling it. Here is how …
