Average loan terms for new vehicles now exceed 71 months, up from just over 69 months a year ago. As terms grow longer, the chances for repeat business can decline, particularly while customers are upside-down on their vehicle.
Posted by Mark Mackson on Oct 14, 2020 6:00:00 AM
Average loan terms for new vehicles now exceed 71 months, up from just over 69 months a year ago. As terms grow longer, the chances for repeat business can decline, particularly while customers are upside-down on their vehicle.
Posted by Mark Mackson on Jul 2, 2020 2:34:24 PM
We’ve told you before about how AutoPayPlus can help you close more sales. It’s also an outstanding way to generate more F&I revenue.
Posted by Mark Mackson on May 21, 2020 6:00:00 AM
As lockdown restrictions get eased and manufacturers offer an array of incentives to generate showroom traffic, it’s a perfect time to look at ways to improve your F&I earnings while offering customers more flexibility.
Posted by Mark Mackson on Jan 23, 2020 11:51:24 AM
Accelerated payment plans like AutoPayPlus deliver numerous benefits for both dealerships and customers. Simply by switching monthly payments to biweekly payments for a nominal fee, these plans deliver a lot of value for everyone involved:
Posted by Mark Mackson on Sep 18, 2019 5:45:00 AM
As prices for new and used vehicles keep rising, finding innovative financing solutions for customers is critical to closing more deals. And as auto loan terms continue to set records, longer loan terms are becoming commonplace.
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