My credit is perfect, so when it was time to get a new car I was able to qualify for any of the available auto loans on the market. I do a lot of research before I make a big ticket purchase and when I started to shop, I already knew all of the types of financing available to me.
When I started to shop around I was shocked to find out that in some cases new cars are a better deal than used cars, mostly due to all of the rebates and incentives that car manufacturers are offering. Just about every shipping port in the world is full of new cars right now. With car sales down most manufacturers are giving away rebates to anyone wanting to buy a new car.
I could not have picked a better time to start shopping for a new car. Not only are car dealerships desperate to improve sales, but interest rates are so low that auto loans for people with bad credit even have low interest rates.
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