Auto Service World

AUGUST 25, 2024

You might be wondering if it’s even possible to get car finance on benefits. The Reality of Car Finance on Benefits According to the Department for Work and Pensions, around 20 million people in the UK are on some form of benefit. Some types of benefits are more likely to be accepted as a valid form of income for car finance.

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Auto Service World

APRIL 9, 2025

Now at the helm, Favelle oversees daily operations and staff, while Bornn manages inventory, technical operations and finances. Over the years, they worked their way up through every role in the business, earning journeyman certifications in their respective fields at Red Deer Polytechnic with sponsorship from former owner Gary McIntosh.

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AutoSuccess

DECEMBER 20, 2024

In todays competitive automotive service landscape, offering financing options is no longer just a nice-to-have for auto parts and service retailers its a critical tool in the retailers arsenal. The benefits of financing flexibility extend far beyond simply making customer purchases more affordable. The result?

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Auto Service World

NOVEMBER 16, 2024

Transparent financing practices can make a world of difference in easing their concerns, building loyalty, and establishing a reputation for fairness. This article dives into why transparency matters in auto repair financing. Unclear or misleading financing terms. For many, navigating repair costs is a stressful experience.

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Solera

MARCH 18, 2024

As independent dealers hustling in a competitive market, you’ve probably faced the daunting challenge of getting solid financing. But fear not; we’re breaking down the why and offering game-changing strategies to help you level up your financing game. Your finance revolution starts now.

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Auto Service World

MARCH 29, 2025

In order to compare car finance offers like a seasoned negotiator, you need to understand the finer details: APR, term lengths, total repayable cost and so on. Some finance tools will display this clearlyif not, calculate it manually by multiplying the payment by the number of months and adding any upfront charges.

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Tire Review Magazine

FEBRUARY 1, 2025

The partnership integrates FlexShopper’s tire financing solutions on Tire Agent’s website. This initiative targets near-prime credit consumers who may not qualify for traditional tire financing. The post FlexShopper Partners with Tire Agent on Tire Financing Solutions appeared first on Tire Review Magazine.

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Tire Review Magazine

FEBRUARY 1, 2025

The partnership integrates FlexShopper’s tire financing solutions on Tire Agent’s website. This initiative targets near-prime credit consumers who may not qualify for traditional tire financing. The post FlexShopper Partners with Tire Agent on Tire Financing Solutions appeared first on Tire Review Magazine.

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AutoSuccess

MAY 14, 2025

The first quarter of 2025 has delivered new insights into the ongoing digital transformation within the auto finance sector. The Q1 Auto Finance Digital Transformation Index data reveals a continued upward trajectory in the adoption of digital processes, particularly in e-contracting and securitization markets.

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Tomorrow's Technician

DECEMBER 3, 2024

Over the history of the loan program, DOE has provided billions in financing for American EV manufacturing, including loans to General Motors and Tesla.

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AutoShopOwner

MARCH 6, 2024

However, it’s not just our homes that can benefit – our finances can benefit from intentional tidying up and decluttering as well. In this blog post, we’re sharing 5 essential steps to spring clean your finances each and every year. In this blog post, we’re sharing 5 essential steps to spring clean your finances each and every year.

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AutoShopOwner

NOVEMBER 6, 2024

If this sounds like you, we have a solution to keep your finances on track! A well-organized Chart of Accounts (COA) is essential for navigating the complexities of your business's finances. A COA helps you make data-driven decisions for your finances because you have information on spending trends and profitability at your fingertips.

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Auto Service World

JANUARY 6, 2025

All Alliance executive leadership teams, including those in information technology, sales and marketing, category management and finance, will continue to report to Washbish. “The Alliance remains the premier independent distribution program group,” JC Washbish said in the announcement.

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AutoShopOwner

MAY 22, 2024

Read on to see if your current business finances align with the long-term vision you have and what to do to help you plan for success. At the end of the day, sustainable business is key to long-term sustainable finances. As their business evolves over time, their vision may shift to reflect bigger goals.

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AutoFix

APRIL 10, 2025

Understanding how to adjust your business finances in 2025 as auto repair costs rise isnt just about survival. It Starts with a Single Conversation Adjusting your shops finances isnt just a reactive move, its a leadership decision. So how do you stay ahead? Its about learning to adapt, improve, and thrive in a changing landscape.

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AutoSuccess

MARCH 14, 2025

Here are the central themes and proposed actions outlined in the report: AI in Financial Services: AIs increasing adoption in areas like underwriting, fraud detection and customer service is modernizing auto finance operations. Treasury Views AI in Auto Finance appeared first on AutoSuccessOnline. Retrieved from Treasury.gov.

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Auto Service World

MARCH 14, 2025

On the finance side, AI is being used to process invoicing, payments and credits more efficiently. . “Everybody wants to do it, but no one’s got the time. So how do we use AI to make our education tools more effective and help our people use it more effectively?” ” Funke asked.

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Auto Service World

APRIL 10, 2024

A recent survey from Refused Car Finance found that 66 per cent of respondents in the … The post Why some won’t buy an EV appeared first on Auto Service World. High initial costs, range anxiety and lack of charging options are keeping many away from considering buy an electric vehicle, a recent survey found.

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autoevolution

MARCH 12, 2025

Specifically, the bank that financed Fisker Ocean purchases partnered with Rivian to buy back Fisker vehicles at a fair price. Fisker Ocean owners were left holding the bag when Fisker filed for bankruptcy, leaving them without support and out of options.

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Automotive Training Centre

JANUARY 23, 2024

Finance Managers: Mastering the Financial Side of Auto Sales Finance managers handle the financial aspect of the sales process; they help clients obtain auto loans, explain complex financing choices, and carefully monitor paperwork to guarantee accuracy.

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Tomorrow's Technician

NOVEMBER 26, 2024

billion from the Department of Energy Loan Programs Office, pending finalization of financing. EVgo said this expanded partnership is part of its efforts to provide a customer-centric nationwide charging network, supported in part by a recent conditional commitment for a loan guarantee of up to $1.05

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Auto Service World

MAY 13, 2025

Competing against dealerships As interest rates begin to fall, dealerships are regaining their ability to offer attractive leasing and financing options. Inventory levels are rebounding and dealer incentives, such as discounts and financing promotions, are returning.

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AutoShopOwner

APRIL 2, 2025

Separate Business and Personal Finances: This is crucial. Tax Tip #2: Dont Be Afraid to Leverage Technology Technology is your best friend when it comes to efficiently managing the finances in your auto repair business. Implement a consistent system for tracking all your income and expenses throughout the year.

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Automotive Training Centre

OCTOBER 31, 2023

These loans can be arranged in two ways: Loans arranged through a dealer: Most dealers collaborate with a manufacturer’s financing division, banks, credit unions, or independent finance companies. Knowledge is power; the more information a customer has, the better equipped they are to choose the best financing route.

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Tomorrow's Technician

NOVEMBER 26, 2024

billion from the Department of Energy Loan Programs Office, pending finalization of financing. EVgo said this expanded partnership is part of its efforts to provide a customer-centric nationwide charging network, supported in part by a recent conditional commitment for a loan guarantee of up to $1.05

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Auto Service World

MAY 5, 2025

As president and CEO, Mohrdieck will oversee each of the companys five business segments (industrial OE, automotive OE, industrial aftermarket, automotive aftermarket and automation), along with finance, HR, business innovation, customer service, operations, marketing and engineering functions.

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Jalopnik

JANUARY 8, 2025

A federal judge in Georgia is ordering a bankrupt auto financing company to pay out $42.6 million in damages, restitution and penalties for violating the Consumer Financial Protection Act. It apparently carried out wrongful repossessions , over billing and other awful practices and scams. Sometimes car dealers cannot Read more.

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Jalopnik

FEBRUARY 7, 2025

If youre in the market for a new Toyota 4Runner I have some bad news for you: Prepare your finances because youre about to get taken for a ride. Not only do 4Runner buyers have to deal with greedy dealership markups , theyre also facing high interest rates if they decide to finance their new SUV. Read more.

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AutoSuccess

DECEMBER 23, 2024

Bob and Brian discuss APC s post-sale service contract program, which aims to offer service contracts to customers who either declined them during the finance process or are using the dealership’s service department without one. In this Executive Spotlight interview, Bob Seal of APC speaks with AutoSuccess Brian Ankney.

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Auto Service World

FEBRUARY 25, 2025

Despite easing pressures in pricing and financing, the broader challenges facing the Canadian economy leave some uncertainty, DesRosiers reported. Looking ahead to 2025, franchised dealers are optimistic, forecasting sales to rise to 426 units, with independents expecting an increase to 182 units. Sourcing remains a significant concern.

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Auto Service World

MARCH 4, 2025

Digital tools Cox Automotives research suggested that improved digital tools and advances in AI have revolutionized the car-buying experience, offering a more transparent view of pricing, financing details and inventory availability. Sixty-four per cent of hybrid buyers engaged online tools.

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Automotive Training Centre

DECEMBER 12, 2023

Interest rates have reached their highest levels in years, increasing costs for consumers seeking financing for vehicle purchases. However, with these changes come challenges, particularly economic ones. Workflow efficiency is vital for dealership success, as emphasized in automotive sales training.

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Auto Service World

DECEMBER 11, 2024

As the need for larger inventories grew, jobbers increasingly relied on credit facilities to finance stock expansion. Its sale to Entrept Autoparts set the stage for the next phase: A wave of mergers and acquisitions across the industry.

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AutoSuccess

MARCH 19, 2025

According to Experians State of the Automotive Finance Market Report: Q4 2024 , more than 50% of new EV purchases were leases, and EVs accounted for nearly 20% of all new vehicle leases during the quarter. Expanding beyond the EV market, the report showed more financing is comprised of late-model vehicles (model years up to three years old).

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Auto Service World

MARCH 23, 2025

In this guide, well explain everything new drivers need to know about car insurancehow it works, how your premium is calculated, and what impact a PCP car finance agreement may have on your insurance requirements. Under PCP, the car technically belongs to the finance company until you make the final balloon payment.

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Auto Service World

JUNE 18, 2024

The 2024 report provides a comprehensive, data-driven analysis of the current market, including consumer buying attitudes, financing trends and detailed vehicle comparisons. Cars.com has released its second annual Affordability Report, highlighting a more accessible retail environment for car buyers.

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Tomorrow's Technician

MARCH 28, 2024

ChargeLab announces the appointment of Kevin Alfred, CFA, CMA, as vice president of finance, and Ariel Maidansky as head of growth. With Kevin leading our finance operations and Ariel spearheading our growth initiatives, we are confident we can accelerate charger deployments in 2024.” and Our Next Energy.

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