What does electronic tier analysis means in auto finance ?

Answer 1

From my understanding (I Could be wrong)

They check your credit score, and assign you to a "tier" based upon that score. Like Tier 1 Credit is something like 720-850 (or whatever the cap is) credit. Tier 2 is 650-720. Etc. This has to do with the interest on the loan and what promotions you qualify for. For example, if you have Tier 1 credit and you go to buy a lexus, they may offer you a no interest loan for 3 years or certain other perks. (Realistically, if you can't afford to pay off any car loan in 3 years, you need to buy a cheaper car, but that's a whole other story)

Answer 2

Beginning in the early 1990s emission control costs began to increase once again, the
result of new (Tier 1 and LEV I) standards adopted in 1990 by California and the US
EPA. Retrospective analyses by the California Air Resources Board staff suggest that the
cost of reducing emissions from 1990 levels to “ultralow” levels (California’s ULEV
standard) was about $200.
The net result is that about $1000 of the retail cost of today’s vehicles is incurred to meet
emission standards -- roughly the same cost that was incurred in the early 1980s, when
emission standards were far less stringent.
One study provides additional insight and detail. Wang et al. (1993) used a parts-pricing
approach on model year 1990 vehicles to find that emissions control costs vary widely
depending on vehicle class and manufacturer. For example, US manufacturers spent only
$250 (US$2002) on average for emission control per compact car, while European
manufacturers spent $1680 per vehicle for large cars.
3
In general, that study found costs
were less for smaller vehicles, more for Japanese manufacturers presumably because they
were more risk averse and aimed for a larger buffer below the standard, and more for
Europeans automakers who supplied a greater share of luxury cars with presumably
3
These costs are costs to the manufacturer. To convert them into costs to the consumer (and to make them
comparable to other emission costs presented elsewhere in this report), they should be inflated about 40%
to represent manufacturer and dealer markups.

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Answer 3

7 sequence' only are available automobiles. i might additionally extraordinarily advise against getting that motor vehicle. It grew to become into an 80K motor vehicle new and in case you won't be able to have the money for to repair an $80k motor vehicle then you definately can't have the money for that motor vehicle.