Don’t Be Afraid of the Auto Loan Bubble
Trust us: it’s not going to burst anytime soon. In fact, we’re willing to bet you’ll get qualified for a new car loan a lot easier than you think by filling out the form below. And why is that? Our economy is currently at a rise of new car loans like you wouldn’t believe for obvious reasons:
It’s Not About the Cars, But the Car Loans
Those loans are now the hot commodity in today’s economy. Even with the risk of loan default — especially with it being minimal due to a number of innovations, like GPS — auto loans aren’t nearly as large of an asset as mortgages, hence you’re not looking at a bubble that’ll crash anytime soon.
You, However, Should Still Act Now to Get That New Car Loan
The auto credit bubble is such that it’s not about any subprime or risky loans going sour, but rather a much slower saturation of the auto demand market. Here’s why: drivers are keeping their cars much longer. That means not many will be in the market to buy new cars. So
It means you’ll run into auto loans with much longer loan terms, like 29.5% of them going as long as 73 months (higher than the average 67 months total). Once you’ve got that deal in place, that deal will be yours for that long. Something to think about.
So Now’s the Time —
Get That New Car Loan and Start Driving Today
Finding them is the challenge. We’ve conquered that challenge for you. As the economy continues to rise, getting the right car loan for you is about as easy as filling out this form below. You’ll get access to some hot deals, continuing to propel this industry forward. Go ahead. Your new ride’s waiting for you right now!