Within 6 months of graduation and up to 2 years afterwards, you can enjoy additional savings on a new vehicle from most manufacturers.  Typically, the savings include discounts around $400 and low interest financing rates that the college graduate would not normally qualify for.
It’s one of the best deals available to buyers and most salespeople [...]

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People are often worried about the car buying process partly because they are unsure how much they should expect to pay monthly.  If you finance, your payment is is a function of 3 things: (1) the amount you borrow, (2) how long you borrow it; and (3) how much interest you agree to pay.
Assuming you [...]

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When signing the myriad of papers in the dealer’s finance office, there is one document that consumers sign that many are unaware of. It obligates the consumer to pay the dealership in the event their financing is declined. The payment is to reimburse the dealership for the time that the consumer used the vehicle.
The name [...]

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Consumers often tell me that they plan on paying cash, and then follow up that statement with the question - “how much more will I save?”
The answer is simple. Nothing!
In fact, it is to the dealer’s benefit if you finance or lease your vehicle; not if you pay cash.
A dealership may earn money on the [...]

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What is a “Credit Score?”
Almost every time your credit is reviewed by an authorized party, they are looking at your credit history and your score to evaluate your credit risk. So what is a “credit score?”
A credit score is a number generated by a Credit Reporting Agency (e.g. Experian, Equifax, or TransUnion) using a [...]

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In most States, car buyers take delivery on “the spot” without their financing actually being approved by a finance or leasing company. In essence, the transaction is “subject to” the financing being completed after the delivery. In legal terms, it is referred to as a “condition subsequent.” It means that there is a condition [...]

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You’re sitting in the dealership when the salesperson asks, "So, how are you going to finance your new car?"

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You’ve done your homework, you’ve shopped around, kicked tires, and taken test drives. At last you’ve chosen the car you want to purchase. You should now be ready to go out and get a great financing deal.

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We’ve had quite a few listeners ask us to explain the difference between leasing and buying. We put this chart together to point out the major differences between the two. Of course, lease plans, like traditional loans, come in many different flavors with numerous options. Be sure to ask the dealership to fully explain your options to you when you’re buying or leasing your car.

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Dealerships have finance departments dedicated to providing financing to consumers.

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