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Should You Acquire An Automotive Loan Before The End Of 2016?

Posted on Sunday, November 20, 2016 at 1:23:49 PM

Summer is gone and the chill is in the air once again. This means that the best time of the year to purchase a new or used vehicle has arrived.

New car dealers are extremely competitive with rates. Many dealers are offering zero percent interest with generous terms. New car dealers are also looking to meet their yearend goals and clear room for next year's models. Advertising campaigns are also on the increase during this time to get people in the door. Used vehicles also remain competitive with flexible rates and terms, as well as a whole lot of savings. 

Shop around online or in person and do not be shy about negotiating price. If there was ever a time in which negotiating could be immensely effective, the final yearend sales push is it. Dealers will soon also be competing with the big man in the red suit, so catch those deals while they are hot. 

Bottom line: If you need or want a vehicle, don't wait - get out there and take advantage of the end-of-year offers!