Booming auto sales have more to do with low rates and easy car financing in Maryland than they do with the urge to buy a new vehicle. In the last few years, car buyers have borrowed nearly $1 trillion to finance new and used cars. Unfortunately, much of that money was lent to borrowers who have less-than-perfect credit and who might not be able to repay the debt for the vehicle.
Keep in mind, the auto dealers in Maryland really clean house on these garbage loans too. The average rates on these turkeys exceed 20 percent while loan duration typically lasts for about 6 years. That’s a serious chunk of money drained directly from the paychecks of the poorest and most vulnerable people in society; the same people who are stuck forever in low-paying service sector jobs that barely pay enough to keep food on the table or gas in the tank. These are the victims in this loan-sharking swindle, the people who desperately need a car to get to work to feed their kids, and then find themselves shackled to a long-term obligation that just makes matters worse.
So check out what we can do for you with special financing in Maryland. You might really surprise yourself with a new car in the future. You can call us for a car loan in your local area of Maryland. 443-842-4547