Buying Opportunities Created
Mar 6th, 2008 by gmoran
Jonathan Welsh discusses the opportunities for consumers that hard times for the auto industry are creating. Low financing rates, rebates, special lease deals and other incentives on a wider range of vehicles are coming on the heels of the industry’s worst decline in a decade. Even though fewer autos are being produced, demand continues to be low and inventories are still swollen. Welsh points out that, as with the mortgage market, auto finance units are suffering after years of making high risk loans but those days are over. However, this is a good time for qualified buyers to shop because incentives are spread to a wider array of models than past years.
I agree with yoru comments, I just wish I had better credit to get a new car, is it also a good time to get a used car loan and a used car?
Kevin, there is no better time to purchase a new or pre-owned vehicle as the supply on dealer lots far exceeds consumer demand. If you are interested in completing a finance application, we can refer you to one of our many lenders who can share with you the options that best fit your budget. Knowing how much you can afford will also help guide you toward selecting the pre-owned vehicle that not only best suites your personality, but is also the best fit for your wallet!