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Auto Financing in Alexandria

March 16, 2018  

Auto Financing in Alexandria

2018 is shaping up to be an interesting year in auto financing in Alexandria. Recent legislation will help car dealers with the loans that they require to be able to have vehicles on their showroom floor or lot. That’s the good news. The bad news for dealers is that February saw a slowdown in auto sales. What will that mean to auto financing in Alexandria and nearby areas? CarSmart Now is looking at what it could mean for you.

It looks as if diesel is on its way out – diesel sales continue to decline, having never quite recovered from the efficiency cover-up. Crossover vehicles, the ones that can double as a passenger vehicle or as an SUV, appear to be more popular than ordinary sedans. Although electric vehicles still look promising, the sale of plug-in cars will still account for less than one percent of the overall market. However, as Tesla rolls out its new Model 3, that could change as the year progresses, and e-cars could outsell hybrids. With large numbers of leased cars entering the used vehicle market, it could be a “buyer’s market.” Off-setting that, however, is the push to deregulate interest rates. Higher interest rates could mean greater difficulty in borrowing money, and that monthly installment payments could be higher.

With contacts with hundreds of lenders, CarSmart Now can promise that we will still have auto financing in Alexandria, just call (888)292-8115 to discuss placing an application. We will also still have thousands of low-mileage, gently used vehicles from which you can choose. We know that the economy has its ups and downs, but in the long run, people still need transportation. We are dedicated to providing an avenue for you to purchase the vehicle you need at a price that you can afford.

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