Friday, December 5, 2008

Buying a car in today's market - Part 1


In today’s economy, many consumers have been worried about making large purchases. For example, purchasing a car may seem impossible. Many are finding it difficult to get a loan these days. But for those with satisfactory credit, now is the time to get a great deal.
With jammed up car lots continuing to fill up with overstock, car dealers are desperate to lure people in to buy. And to do so, they are enticing customers with some great offers. Including, amazingly low interest rates and rebate offers, as well as additional end of the year savings. Toyota recently announced its 0% interest financing and other leading car manufacturers have quickly followed.


The U.S. Treasury Department recently announced a new program to increase the availability of auto loans. The announcement came soon after a key request from the National Automobile Dealers Association (NADA). The new program will benefit both the consumer and the auto dealer. It is hoped that the news will likely go a long way in helping to restore consumer confidence and aid in rebuilding economic stability throughout the country.


Source: www.CNNMoney.com
Source: www.nada.org

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