Borrowing money is possible despite what you hear on the news
Ed- Here’s a timely bit of info I think most potential car buyers are not aware of.
Money is readily available for new and used cars to most buyers. NO the days of the subprime loans have not returned. However, there is a gap in the reporting of available funds by the mainstream media.
Most people will be able to buy the car or truck of their choice…and get the financing they need to complete the deal! There are millions of dollars available…right now for auto loans. And the lowest rate as of yesterday is On-Point Credit Union @ 4.74% on new and used 2008 and 2009 cars, trucks and vans. Yes you must have excellent credit to qualify at this rate. But you can still get a loan even if your beacon is down around 621.
At the lower credit scores, your interest rate will go up, but you will qualify for a loan. Your entire credit history will be reviewed. But in most cases you will get approved. You then get a new or used car, truck or van. Now this get’s America rolling again!
America needs car buyers…right now. Consumer confidence needs to be raised. The money is out there waiting for you. Call Bob Bonnell @ 503-643-4585 or click on BestCarDealinTown.com to get moving on the best deal on any vehicle.
Best regards,
Bob Bonnell
Syd Dorn’s
Vehicle Buyer’s Service
3 Responses to Borrowing money is possible despite what you hear on the news
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Bob, thanks for the info. Too often the news is all about CAN'T. I understand that 100% financing is back for owner occupied housing. Keep us informed about the auto industry. It's great to see your post.
That is good to hear. The media makes it sound horrid and I wonder how much of the problem they create instead of merely report about it.
Finally some good news amidst all the mess. Well, somehow I am glad and sad at the same time. I am glad that people can borrow money now but sad that getting in debt is still a very natural part of life.