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Mick Ronson AutoLoans.com 800-609-1716 |
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The recent upheaval in financial markets has consumers worried that car financing will not be as readily available in the near future. Auto Loans recruited an economist to write a piece addressing these concerns that it will publish on its homepage.
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Online PR News – 18-August-2011 –AutoLoans.com, an online source for car financing news and offers, will soon publish a blog by a consulting economist and industry expert that discusses how the recent unrest in the financial markets will impact the availability and affordability of auto loans.
Through its customer service center, Auto Loans has received a number of inquiries and comments from visitors who wonder if they should put off purchasing a new vehicle due to the latest market turmoil. Many fear that they will be unable to qualify for an auto loan because banks will respond to the downturn by withholding credit. Others worry that interest rates may spiral out of control, making even a modest auto loan unaffordable.
“What we’re getting from our visitors is a sort of low-level panic about the car financing market, and understandably so. With the market so unpredictable lately, it’s only natural for consumers planning to finance a new vehicle in the near future to worry if now is the right time after all. That is why we’ve recruited Mr. Rick Leal, an economist who occasionally does consulting for AutoLoans.com, to author a piece addressing whether such concerns are warranted,” said Mick Ronson, spokesman for the site.
Generally, the new piece reassures consumers that auto loans will remain readily available for credit-worthy consumers. The only questionable matter is whether credit-challenged consumers will continue to have the same access to car financing that they have enjoyed the last few months. With regard to the future of auto prices, the article suggests that consumers will still be able to find bargains on vehicles, particularly from those made by Japanese suppliers.
“As the latest article explains, the suppliers and manufacturers affected by the earthquake in Japan are just only now replenishing their inventories are will be eager to compensate for all the lost sales. Buyers are sure to find low-priced vehicles that require less substantial auto loans to purchase,” explained Mr. Ronson.
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