The ‘Annual Percentage Rate’ (APR) is a fundamental concept in car financing. It represents the yearly interest rate charged on a loan, encompassing not just the interest but also any other fees charged by the lender. APR provides a comprehensive …
Key Takeaways: Introduction: Uncover the hidden costs of car buying with a look into dealer prep fees for used cars, a negotiable factor in your final deal. What is a dealer prep fee for a used car and can it …
When you’re in the market for a leased vehicle, you’ll inevitably come across the term ‘Acquisition Fee.’ This fee, often referred to as a bank fee, is an upfront cost charged by the leasing company to initiate your lease agreement. …
The ‘Annual Percentage Rate’ or APR is a crucial term in car financing. It represents the yearly interest rate on your loan. Understanding APR helps you grasp the cost of borrowing and compare different loan offers effectively. Shawn RyderWith over …
Beware of ‘Additional Dealer Markup’ when buying a car. This is a strategy dealerships use to increase the price of in-demand vehicles. It’s listed on an addendum sticker alongside the Monroney sticker and reflects dealer-installed items and price adjustments. Stay …
Key Takeaways: Introduction: Navigate the leasing landscape with a deeper understanding of the acquisition fee, a key factor in the economics of car leasing. What is an acquisition fee in car leasing? An acquisition fee in car leasing is a …
Explore the strategic $75 million acquisition by CarGurus of the remaining shares in CarOffer, offering enhanced services to dealers & consumers in the automotive marketplace.