Automotive Financing

Should you tell a car dealer your credit score? Don’t allow the dealership to pull a credit report on you. Once the dealership knows your credit score it can affect negotiations for the car you’re interested in buying. It’s better to tell the salesperson that all you’re interested in is getting the best price for … Read more

Why do dealerships want you to finance through them? Car dealers want you to finance through them because they often have the opportunity to make a profit by increasing the annual percentage rate (APR) on customers’ auto loans. But they also have relationships with multiple lenders and car manufacturers. Read more on www.magnifymoney.com You’ll probably … Read more

How do you succeed in buy here pay here? Here are four best practices we’ve gathered for your buy here pay here dealership. Give Your Sales Team the Training They Need. Make Sure Your Website Is Working for You. Strengthen Relationships with Automated Marketing and Lead Nurturing. Manage Cash Flow. Read more on blog.sellyautomotive.com Customers … Read more

How do car dealers deal with finance? Counter Strategy: Don’t even discuss monthly payments. Tell the salesperson you can talk financing later, but first want to know their best price. Pay for the car in cash or get your own financing if you can, but don’t reveal how you’re going to pay until after you’ve … Read more