Buyers with good credit are having a much easier time getting financed. Even those with less spectacular credit can still get funding if they are willing to pay higher interest rates.
Las Vegas, NV (PRWEB) May 02, 2012
According to financing experts at Reliable Auto Sales, a used car dealership in Las Vegas, Nevada, those currently looking to buy a car are having an easier time obtaining funding. Before the recent economy slowdown, getting a loan to buy a car was almost a given no matter who you were. For a long time though, Reliable Auto Sales says, banks were just unwilling to lend to car buyers. Even if a buyer had awesome credit, finding financing wasn’t a walk in the park. And though Reliable Auto Sales suggests it still isn’t, they want people to know things are looking up.
Experts at Reliable Auto Sales point out that today, buyers with good credit are having a much easier time getting financed. Even those with less spectacular credit can still get funding if they are willing to pay higher interest rates. They explain that lending institutions are familiar with the used car market and know that a shortage of supply has made it strong recently. Therefore, banks realize even if they are forced to repossess a car, they will recover more money when selling it than they did before. This lower risks for lenders, according to Reliable Auto Sales, and is why financing is becoming easier to get.
About Reliable Auto Sales
Reliable Auto Sales is located at 1815 East Sahara Avenue in Las Vegas, Nevada. With a great selection of pre-owned vehicles, Reliable Auto Sales is your friendly neighborhood dealership and is excited to serve the automotive needs of the Las Vegas valley. Currently, customers of Reliable Auto Sales are eligible for discounted warranty upgrades. For more information please call 702-737-6688