Financing Is Available…Big Time!!!

STOP!!! Don’t worry, with all of this doom and gloom in the news about the economic situation people have gone into a state of paralysis.  Financing is available and at extremely competitive rates. The auto industry that you see in the national news is hardly the auto dealership you deal with on a regular basis. Your local stores, like us at Taylor’s Auto Max, have only seen a minor adjustment in the financability of or customers. Our customers that are taking advantage of the market adjustment have also received the benefit of a banking industry in dire straits. Many local and national lenders are willing to compete more-so for just about any credit situation. Now don’t get me wrong, the credit challenged customer is still seeing difficulties getting financing, but it isn’t the economy that has limited them. The customers able and willing to buy a new used vehicle are seeing rates as low as 4.75%.  Now I know what your thinking… The big companies offered 0% financing just over a year ago.  But, they are the ones that are asking for the huge bailout from the government (you and me). Auto financing is still available and at competitive levels but what we have found from our customers is that the dealerships business office is getting better fianancing rates than directly from the banks. Frustrating to some, welcomed by others, but reality none the same.  By taking advantage of the dealerships relationship with the lenders and its buying power, you may save considerably in the long run on interest charges and giving you the opportunity to get many added benefits…. BUT that is a entirely different Blog subject.