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Good news for the GM fans: after the $5-billion gift from the government the auto maker proposes some really good deals on its vehicles. One of the main cut-rate financing features is zero-interest loans for up to 60 month on certain models.
If you plan to purchase a 2008 or 2009 vehicle from GM, you could consider the one that offers no interest on the deal: any Saab or discontinued Chevrolet TrailBlazer and GMC Envoy. Besides this there are really good offers on the other autos: a 2008 Hummer can be financed with only 2.9% interest and 2008 Cadillac goes for 1.9%. More popular models like 2008 Chevrolet Corvette, Saturn Sky and Ponitiac Solstice get a 4.9% interest loan.
The 2009 vehicles have fine financing deals also: Cadillac CTS, Chevrolet Cobalt and Pontiac G5 get 3.9% and Chevrolet Avalanche and Silverado HD are offered with 5.9% interest loan.
Car buyers should go through several stages before they actually acquire a vehicle. It is necessary to save some money, to shop for a vehicle online and to figure out the right prices, to check out the dealerships for good offers and to find a good financing company which could provide a loan.
With the changes in economy, the rules of the car sales changed. Financiers and banks look differently at the car purchases and if you plan to get a new vehicle, it is important to know a few updates in car financing.
We know that due to the $700 billion Wall Street bailout and frozen credit markets it got harder to get financing for anything and people are worried it got impossible to buy a new vehicle.
Loan companies in UK announced that car owners were going to spend around £174 million on their new car loans this March (the month when the new license plates are going to be made).
As the changes in the subprime mortgage market are still taking place, a new research indicates that Americans car loans and other forms of credit consumers are beginning to get nervous.