Car sales have slumped to levels not seen in a decade -- good news for both buyers and borrowers.
Declining sales mean a rising number of bargains for the consumer; for the auto loan applicant, it could mean a lower down payment, and a better rate on down the line. Not to mention a load of discount financing, factory-to-dealer incentives, and rebates right now.
The models with the deepest discounts may surprise you, such as the Mercury Grand Marquis, which comes with a rebate of up to $6,500. Other vehicles which made the list include the Chrysler 300C, the Dodge Ram 1500 and the Ford Explorer. One note: financing and discounts tend to vary by region, so check around for the bargains in your area.
http://www.bankrate.com/brm/news/car-advice/20080321_discounted_2008_cars_a1.asp?prodtype=auto
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