Automotive finance

How do small car dealers make money? In addition to profit generated from financing or leasing a car, dealers make money from selling different insurance packages or warranties: extended warranties, tire and wheel protection, so on and so forth. With each sale of an additional item, the dealer is making some profit. Read more on … Read more

Are car dealers losing money? According to a report by Automotive News, National Automobile Dealers Association stated that used car dealers in 2018 lost money on operations. This has been the first time in a decade that used car dealers have experienced sales loss. The said loss pushed dealerships to depend on carmaker incentives to … Read more

Being a Finance and Insurance (F&I) manager can be a fantastic option if you are interested in a career in the automobile sector. As they assist customers in obtaining finance and insurance for their automobiles, F&I managers play a critical part in the process of buying a car. In this post, we’ll go over how … Read more

What is a dealer markup? But dealers are also adding additional charges above the suggested retail price, just because they can. They’re called “”dealer markups”” or “”market adjustments”” and they can be anywhere from a few thousand to tens of thousands of dollars extra. Read more on www.12news.com There are many phrases and ideas that … Read more