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Car finance on the rise in the US

Car loans and car finance are on the up – at least, they are in the US. Car dealers, finance companies and credit-market analysts have all noticed an increase in car finance applicants. It has been reported that applicants with a good credit rating haven’t needed to put down payments, and even people with poor credit are still securing car loans.

Car loans and car finance are on the up – at least, they are in the US. Car dealers, finance companies and credit-market analysts have all noticed an increase in car finance applicants. It has been reported that applicants with a good credit rating haven’t needed to put down payments, and even people with poor credit are still securing car loans.

It is a complete over haul of changes compared to when the recession first hit. Customers, who once couldn’t achieve financial loans, now have the ability to do so. GMAC is now offering 0% interest loans and discounted leases to help Chrysler and GM increase their low sales.

Whether this trend will be felt in Britain remains to be seen, but as always with situations like this, if the Americans have it, we will probably get it a few months later.

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