Will low interest auto loans still be available with the current financial crisis?
Auto makers usually offer low or 0% financing when their sales are down as an incentive for new car buyers. With the current financial crisis will this continue?
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Probably not.
Posted by: Mr_Blue on 2008 10 02
Right now credit is extremely tight which means that loans are not being made or if they are made they are at higher interest rates. However, if the bailout works like they hope it does then credit might loosen and we may see low interest rates probably not 0% in December.
The auto makers are stuck. However, they are receiving $25 billion loans from the U.S. Treasury.