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| User | Vote | Date |
|---|---|---|
| Plenty Car | 1 | 10/24/2007 - 13:32 |
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.