In this post we will give you a sneak peek at our roadmap for 2022. This year is going to be huge for Leasly, as we are releasing four major products! We started Leasly with the mission to innovate and streamline the car-buying process. Along that journey we didn’t expect to be heading into the worst recession since 2008 or for the car industry to be in a massively inflated bubble.
The world of auto finance is changing. A few years ago, the only real choice for buying a car was to go through a traditional lender like Wells Fargo or Bank of America. But today, a new wave of auto finance companies is capturing the market. Carvana is one of the most prominent players in this space, but we here at Leasly are here to challenge them using our own dealer-owned financial
As we come out of the pandemic and look toward the future, there are many things that will impact the 2022 car market. It’s the Wild West of retail out there, and things are changing fast. Here to discuss those factors with us is our panel of experts, which includes Zak Sabbagh, a former car retailer with 15 years of experience, Steve Spillane an F&I specialist with more than a decade
It’s been a little over a year since we’ve seen anything close to resembling stability in the used car market. Prices have been on the rise for months now, and don’t seem to be showing any signs of stopping any time soon. A used market crash is coming. In fact, according to recent reports, the average cost of a used car is expected to reach $30,000 by the end of 2022! That’s
It’s no secret that buying a car can be a daunting experience and that’s why dealership secrets are essential! You’re spending a lot of money, and you want to make sure you’re getting the best deal possible. Unfortunately, many people fall for marketing gimmicks by dealerships and end up paying more than they should for a car. In this article, we will reveal some of the secrets that dealers don’t want you
Embrace the new normal! That sentence has never sucked more. The new normal means the cost of a gallon of gas is more than double what it was in 2020, and it doesn’t look like things will be getting any better anytime soon. Meanwhile, several economists are predicting that even if the energy market bubble burst, it doesn’t mean we’ll feel any levity at the pump. So what can you do to
In a world where interest rates are skyrocketing, it is more important than ever for dealers to find ways to cut costs, win more customers and most importantly increase profits. One way to do this is by using a Dealer Owned Finance Captive (DOFC). DOFCs allow dealers to take from profits generated by aftermarket products like vehicle service contracts and GAP and use the tax-advantaged capital to create their own
Everyone knows that a recession is coming. Wait, you knew that a recession was coming… right? Anyway, the signs are everywhere: the ongoing war in Ukraine, supply chain issues across the board, and many countries in Europe are already experiencing stagflation. Here are 4 keys to preparing your dealership for a recession. In times before a recession… Some 81% of U.S. adults are worried about a recession hitting this year, according
