Financing getting easier for buying new car
The Detroit News Online 03/13/2011 -- By Dee-Ann Durbin / Associated Press
As car buyers head back into dealerships after a two-year drought, they're being greeted by rock-bottom interest rates on auto loans, eye-popping lease deals and a renewed willingness to lend to people with spotty credit... Banks are on firmer financial footing, helped by government aid and renewed demand for auto loans that are packaged and sold as securities, a market that raises money and allows banks to write more loans... This month, General Motors, Chrysler, Ford, Nissan and others are offering zero-percent interest rates on auto loans.
The Detroit News Online 03/13/2011 -- By Dee-Ann Durbin / Associated Press
As car buyers head back into dealerships after a two-year drought, they're being greeted by rock-bottom interest rates on auto loans, eye-popping lease deals and a renewed willingness to lend to people with spotty credit... Banks are on firmer financial footing, helped by government aid and renewed demand for auto loans that are packaged and sold as securities, a market that raises money and allows banks to write more loans... This month, General Motors, Chrysler, Ford, Nissan and others are offering zero-percent interest rates on auto loans.
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