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As car dealer principals look to transition away from operating a non-controlled foreign corporation (NCFC) due to the unknown outcome of the new tax law, many have set their sights on becoming a dealer-owned warranty company (DOWC). As part of this, dealers have been asking about the specifics behind the DOWC structure, and what a transition would look like.
The Federal Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump in December 2017 and is effective for the 2018…Continue
Added by John Sternal on December 20, 2018 at 11:30am — No Comments
Lease Approval Ratings Drop Slightly in November Following Slight Increase in October
Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 68.9% approval rate in November, a slight drop from the October rate of 70.9%.
The number of lease approvals is slightly higher than last year for the month of November, as 67.5% of lease applicants were approved in 2017, and 64.7% were approved in November of…Continue
Added by John Sternal on December 19, 2018 at 6:12pm — No Comments
A Number of Compact Cars and Sedans See Increased Discounts to New Leases as End Of Year Closes
Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings for the month of December. Several automotive brands offered discounts on compact cars and sedans leading up to the end of the 2019 year.
Most vehicle prices have remained steady into December,…Continue
Added by John Sternal on December 18, 2018 at 6:54am — No Comments
Equifax has new insight as we close out 2018 on the topic of affordability, with data that show where affordability is becoming more of a potential issue. According to Equifax, the average lease balance financed has increased just +5.5% from January 2016 to November 2018. Conversely, the average loan balance financed during the same period has increased +24.2%.…Continue
Added by John Sternal on December 18, 2018 at 5:51am — No Comments
Data from both Jumpstart Automotive Media and Black Book supports how car shoppers are increasingly looking at used vehicles over new in 2018.
According to Jumpstart…Continue
Added by John Sternal on December 6, 2018 at 6:20am — No Comments
Wantalease.com Data Shows that Mid-Size Cars could offer Attractive Lease Deals for December Year-End Promotions based on November Lease Trends
Wantalease.com, the nation’s first online marketplace for new lease deals, reports the latest update on new lease offerings for the month of November, and forecasts new leasing trends for the month of December. Ford and Volkswagen offered the most generous discounts on their entry mid-size cars, while most luxury vehicles and…Continue
Added by John Sternal on December 3, 2018 at 5:48pm — No Comments