LOAN HOME • ABOUT US: NEW & USED CAR LOANS • BAD CREDIT REQUIREMENTS • RESOURCES • APPLY ONLINEThanks to government loan bail out money, interest rates are relatively low, and thanks to car dealers getting crushed, auto prices are way down -- a perfect storm of conditions that will not last through the end of 2009.
Edmunds.com recently noted you can get dozens of new cars cheaper than the same car a year old. and we've seen reports the average price is down around $1,700 over this time last year. Add cash-back incentives and car loan incentives, and outstanding cars are available for less than $15,000.
We call it the great close-out sale of 2009. Fortune Magazine reported that as of May 09, Chrysler had 337,000 unsold 08 and 09 models, and GM had 736,000 unsold. Because of their price cuts, other companies have had to cut to keep up. So oustanding cars that score beautifully in expert ratings -- including Toyota, Honda, Ford, Subaru and Kia -- are at historically low prices. Add the SUV category, where prices are dropping because of a fear of gas prices, and it's a great time for buying a new vehicle.
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