Groupon moves to promote bigger-ticket items
Reuters
SAN FRANCISCO - Groupon Inc offered its first car coupon on Tuesday, a sign the largest online daily deal company is expanding into bigger-ticket items.
Groupon offered a $US199 deal good for $US500 off the purchase or lease of a new or pre-owned vehicle at LaFontaine Auto dealership in Detroit.
The offer, which runs through Wednesday, got off to a slow start with no vouchers bought by Tuesday afternoon, according to Bob Milner, general sales manager at LaFontaine Auto.
"I was skeptical that a big ticket item would work in that format, but they convinced me to try it," Milner told Reuters.
Mr Milner said the Groupon will cost the dealership $US400 per customer, which is about what auto dealers spend on advertising for each car they sell.
"I didn't see any downside for my business," he added. "If I can get people in the showroom buying cars this way that's great."
Groupon, with more than 80 million members, usually offers discounts on smaller items, such as restaurants and spa visits. The company typically takes 50 per cent of revenue generated by deals. Branching out into bigger purchases means that 50 per cent cut will be bigger in dollar terms.
Bad Credit Auto Loan Down Payments
Our experience
It is our experience that if you’re unable to qualify a regular car loan because of bad credit the next step is to consider a problem credit auto loan – which means you’ll probably need a down payment.
We understand this because we’ve been involved with bad credit car sales for over nineteen years here at Auto Credit Express. During that period, we’ve personally helped hundreds of buyers get approved for no credit auto loans.
Similarly, we know that a tote the note dealer won’t help your credit score (and, by the way, applicants outside our area can fill out our online car loans bad credit application to locate a nearby dealer). We also go over the loan process (to minimize the chances of repossession ).
But if you have poor credit, chances are you’ll need a down payment in order to qualify for a car loan – but why and how much?
Down payments
The fact is that just about all bad credit lenders will require that you have a down payment in the form of cash or trade equity. These lenders look at it as a way to increase the chances that you’ll make your loan payments.
OregonLive.comThe Cash for Clunkers program - which was supposed to help boost new auto sales - is actually crushing sales at used car dealerships nationwide. Was "Cash For Clunkers" a Clunker?all 19 news articles »
Kansas City area dealers will have to wait till at least next year to sell electric cars, so a few eager area residents have placed orders with dealers in and more »
