FINANCING

Let’s Bundle

Charging Financing Insurance

Posted on June 13, 2023 by Dana Sinno

More bundling on the way! Bank of America offers financing for residential EV chargers alongside their vehicle loans. The bank is working with over 10,000 dealers and multiple EV manufacturers nationwide.  The demand for residential electric vehicle chargers is expected to grow in the U.S. to nearly 27.5 million by 2030. In the US, at-home...

REPO MAN COMETH?

Auto Loans Financing Repossession

Posted on January 20, 2023 by Dana Sinno

Interesting thread on Twitter by Car Dealership Guy (CEO of a car dealer group who remains anonymous) regarding the current and forecasted look at cars/costs/loans/depreciation since that inflated valuation frenzy. He predicts a wave of repossessions happening within this half of the year. *this includes both EV and ICE Vehicles. Generally speaking, this scenario is...