Used car financing offers more flexibility
Posted on Tuesday, October 30, 2012 at 9:08:35 AM
Getting a new car can put a strain on tight budgets, making used car financing an appealing option for more consumers than ever. Despite recovery signs in the overarching economy, there may not be much room for leniency when it comes to personal income and expenses. Fortunately, there are more deals than ever on auto lots thanks to a dearth of interested buyers for the last few years and annual clearance sales.
This is the time of year when dealerships are trying to get rid of present-year vehicles in time for the next round of models to be rolled in. According to the San Francisco Chronicle, this is also true with used vehicles, as dealers don't want to keep the same stock on the lot for too long. The source stated that market indicators show strong interest in used car financing for the first time in a few years.
This momentum does not show signs of stopping, either, Auto Credit Express wrote. The source stated Kelley Blue Book figures that show consumers are not daunted by high gas prices or fluctuating international markets, choosing to go with car financing options that are reasonable for them, regardless of how the economy might fair.