With all of the talk about the debt ceiling and the credit worthiness of the United States, you may think that getting a loan is a bit difficult right now. As one politician said: ”If Americans aren’t scared of something, no one would ever get elected.” So, here are a few auto finance offers from around the internet.
Commonwealth One FCU is offering a package they like to call Sunsational Auto Loans through Sept 30, 2011. The program includes rates as low as 2.99% for loans as long as 72 months. The loans are available on vehicles from 2006 and later. A few bonus perks include 90 day payment deferral, a $500 prize drawing, and $50 for referring other loan recipients.
Cottonwood Community FCU is offering rates as low as 3.99% for 84 months for new cars and 72 months for used car loans. The company is offering 100% financing on some cars.
While it is not technically a financing deal, you should be aware that GM is rolling out a test program offering free insurance from MetLife for one year. You need to buy or lease a 2010 or newer Chevrolet, Buick, GMC, or Cadillac by Sept. 6 in order to qualify.
The news may all be doom and gloom from D.C, but you can still find good auto financing deals if you do some research around the horn.