Car finance Trends

RamenApps Analysis

Car finance is a category that shines brighter than a wax job on a brand new car. It's all about securing funding to get you behind the wheel of that dreamy vehicle you've had your eye on. And if these trends are any indication, there are plenty of people looking to hit the open road in style. From global lending services to per diem to truist and more, there's no shortage of viable options. Whether you're in the market for a fixed interest rate loan, floating interest rate, or something in between, the possibilities are almost endless. So buckle up and get ready to ride into the sunset with a financing plan that fits your unique needs. With so many options, there's no reason not to put the pedal to the metal and start your car finance journey today.

Related tags to Car finance

5 Years

Monthly Searches

Truist

Truist Financial Corporation is a bank holding company that was formed in 2019 from the merger of BB&T and SunTrust Banks. The company offers personal and commercial banking services, mortgages, and investment banking solutions through its subsidiary, Truist Securities. Truist is headquartered in Charlotte, North Carolina and is the sixth-largest commercial bank in the United States. Truist has an Instagram account with over 41,500 followers and aims to build better lives and communities through real care. Truist Bank offers a good basic checking account but has low savings rates and high and hard to avoid fees. Truist Bank is a member of the FDIC.

Monthly searches:
1,830,000
Competition:
LOW

Global Lending Services

Global Lending Services LLC (GLS) is an Atlanta based automotive subprime lending company that provides financing to franchise auto dealerships throughout the United States. GLS was founded by auto industry veteran, Douglas Duncan and is partnered with New York-based investment firm, BlueMountain Capital Management. If you're looking for an auto loan, GLS is a good option to consider. They are a reputable company with a long history of helping people with their auto financing needs. However, it's important to note that you need to have good credit to qualify for the best terms with GLS. If your credit score is less than 670, you may not be able to get the best terms on your loan.

Monthly searches:
110,000
Competition:
LOW

Private credit

Topic

Private credit refers to the asset class of privately negotiated loans and debt financing from non-bank lenders. It includes loans to small businesses and consumers, as well as lending to middle-market companies that are not publicly traded or issued. Private credit provides a way for businesses to raise capital, with investors lending money to companies in exchange for interest payments and the ability to impose covenants and collateralization on the loan. Despite its categorization as an illiquid asset class, private credit has the potential to deliver higher returns than other fixed-income instruments, with lower default and loss rates. It can enhance returns, reduce volatility, and improve the income potential of traditional investment portfolios. However, investing in private credit carries risks, and it may not be suitable for risk-averse individuals or those in need of immediate access to their capital. Overall, private credit offers a potentially powerful complement to traditional fixed income strategies, offering incremental income generation and potential resilience.

Monthly searches:
5,400
Competition:

Accelerating

Floating interest rate

Topic

A floating interest rate refers to a variable interest rate that changes over the duration of a debt obligation, such as a loan, bond, mortgage or credit. It is tied to an index and fluctuates depending on market conditions and the economy. This rate is usually lower than a fixed rate, which is why banks offer it at a lower cost compared to fixed rates. A floating rate also has the potential for unexpected gains but comes with higher risk. Floating Rate Notes (FRNs) are investments that offer a low-risk investment opportunity, while the floating interest rate formula is a calculation used to determine variable pricing on debt. When it comes to choosing between floating or fixed interest rates, it depends on personal preference and the financial situation.

Monthly searches:
880
Competition:

ACKO Drive

Car dealer in Bengaluru, India

ACKO Drive is an online platform that offers a one-stop solution for buying new cars. It is known for providing transparent and meaningful automotive content in India, making the car buying process easier and more convenient for customers. ACKO Drive offers great discounts on new car purchases, along with services such as low-cost FASTag management and easy documentation. The platform aims to simplify the car buying experience and help customers purchase their dream car at the lowest rates. Additionally, ACKO Drive also offers insurance and other essential services related to cars. Overall, ACKO Drive is a trusted platform that has helped many customers in India achieve their goal of buying a new car.

Monthly searches:
70
Competition:
LOW

Accelerating

Car finance Trends

Trending markets, companies, and products