Nik J. Miles: January 23, 2020

AS WE DRIVE INTO THE NEW YEAR, LACK OF CONFIDENCE CONTINUES TO WEIGH ON CAR SHOPPERS 

NIK MILES SHARES LATEST CAR SHOPPING TIPS AS CONSUMERS GEAR UP FOR GREAT DEALS IN 2020

**LIVE ON-SITE FROM THE WASHINGTON, D.C. AUTO SHOW**

 

NIK J. MILES

Automotive Expert; TV and Radio Host; President of the Northwest Automotive Press Association

 

Shopping for a car can beone of the most anxiety-producing financial tasks that many people will ever tackle. In fact, a recent survey revealed that only 26 percent of consumers felt very confident when shopping for a ca, and only 24 percent of consumers felt like they are the “boss” when it comes to negotiating during car buying. With so many exciting vehicles being revealed at the Washington, D.C. Auto Show for 2020, it’s important for consumers to feel confident by understanding what it means to pre-qualify for financing and do their research on all aspects of car shopping before heading to the dealership.

 

According to a survey commissioned by Capital one Auto Finance:

  • 57 percent of consumers are looking for improvement in the car-buying process. The top three aspects needing improvement are transparency about finances, negotiations, and having a better understanding of dealer incentives and promotions.
  • 44 percent of millennials are in the market for a new vehicle.
  • There is a divide on the most important financial factors when purchasing a vehicle. 28 percent of respondents are looking for the lowest monthly payment, 27 percent are focused on final sale price of the vehicle and 20 percent are concerned with total cost of ownership.

 

On Thursday, January 23 Automotive Expert Nik Miles will discuss how Capital One Auto Navigator can help in your next car purchase by making sure consumers have all the information needed to confidently find and finance a car. They provide a digital inventory of nearly four million cars from almost 13,000 participating dealerships across the nation, and further support consumers by allowing them to see if they pre-qualify for financing with no impact to their credit score, saving them time before heading to the dealership. 

 

 

For more information, visit https://www.capitalone.com/cars

 

 

MORE ABOUT NIK MILES:

Nik J. Miles is the president of the Northwest Automotive Press Association, Automotive Expert on KXL in Portland, with a show on Sunday mornings and reports as an Automotive expert for KOIN TV. With 32 years of experience as a radio and TV host, and 14 years as an automotive journalist, Nik is seen on over 50 TV station news outlets with his witty and informative automotive coverage. Nik got his start in Radio and has the #1 Portland and Seattle show for several years. Nik was an early adopter of digital media and has been part of the YouTube landscape since 2006. Born in England, Nik has worked for the BBC, Tribune Broadcasting, CBS, Entercom, and many more major broadcast network companies. Nik spends any free time he has at his house in Portland Oregon, riding his Motorcycle and working will local charitable organizations. Whenever Nik appears on TV he wears Union Jack socks. This is his tribute to his homeland.

 

Produced for: Capital One

 

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