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| "Education Allies" are organizations that share our commitment to expanding consumers’ understanding of the vehicle financing process, and are working with AWARE to disseminate this information. To learn more, click here.
AWARE is currently working with the following organizations:
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The Council of Better Business Bureaus |
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AWARE is a national education campaign with a singular goal of building a greater understanding among consumers about how the vehicle financing process works.
Welcome to our April E-Newsletter!
You Hold the Keys to Making Good Vehicle Financing Decisions
Looking for useful consumer tips on vehicle financing? Here's an excerpt from our latest newsletter article that you can download from our website:
Chances are, you would enthusiastically – and effectively – research nearly every aspect of a new or used car purchase prior to heading to the showroom. In fact, 6 out of 10 of us do. We learn makes, models, colors, interior fabrics…But would you research with the same intensity how to go about financing this major purchase? Probably not…3 out of 4 consumers do not research financing options…Next time you’re considering purchasing a new or used vehicle, consider the following: 1. Determine what you can afford…[click here to read more] |
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In this monthly column, Eric Hoffman of AWARE address' consumers questions about all aspects of the auto financing process. Here's an excerpt from this month's column: :
I recently financed my new truck from a local dealership. I'm happy with the vehicle and with the financing, but I just received information from a financing company I've never been in touch with about monthly payments for the truck. I thought that I financed my truck directly with the dealership. What's going on?
Sit back and enjoy that new truck – this is a perfectly normal scenario. The fact is, you did finance directly with the dealership. After the sale is complete, dealerships often sell their finance contracts to third parties (such as a bank, credit union or finance company, as in your case). This helps enable the dealerships to offer attractive financing terms... [Click here to read more] |
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| AWARE IN THE NEWS
The Orlando Sentinel recently highlighted AWARE's education mission, telling readers that "As part of National Financial Literacy for Youth Month in April, AWARE wants to help first-time auto buyers better navigate the financing system."
Linda Stern, a widely syndicated columnist with Reuters, recently wrote about car buying tips and highlighted AWARE's recent survey indicating that consumers don't check their credit reports: "That's a step most auto shoppers don't take, according to a survey by AWARE, an association of auto lenders. The group's Web site…offers useful information about how to finance your car."
In the news:
Ready for your first car? - Orlando Sentinel - April 13, 2006
Finance: Buying a car? Drive a bargain - Reuters - February 22, 2006
AWARE (Americans Well-informed on Automotive Retailing Economics) is sponsored by the American Financial Services Association, National Automobile Dealers Association, National Association of Minority Automobile Dealers, American International Automobile Dealers Association, and other auto dealers and finance companies. All of the companies and associations involved have a long history of educating consumers about auto financing. For more information about AWARE, including AWARE members and how to become an Education Ally, click here. AWARE can be reached at (866) 693-4464 or via e-mail at info@autofinancing101.org. If you no longer wish to receive AWARE's e-newsletter, send an email with the subject line "unsubscribe" to info@autofinancing101.org.
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