The US auto market has been enjoying good news of late.  Chrysler sales are getting back to the numbers they were before the recession.  A lot of that good sales news seems to be tied into how much easier obtaining a loan is today.

Subprime auto loans are on the rise.  In fact, they’re just one percent lower than they were in 2008, right before the recession and the auto crisis.  What that means for those looking for an auto loan is good news.  It makes it easier for an approval.

The reason for it seems to be simple, a car is necessary in life.  People have work and they need a way to get to work.  Not everyone has access to solid transportation and it’s for this reason that many people cut back in other aspects of expenses, but not with their car.  People were more willing to go behind on their home mortgage, risking default, and then they were in missing out on an auto loan payment.

If you’re one of the people needing a loan, now it’s the best time to stop into the dealership to try.  Come into Bayside Chrysler Jeep Dodge and work with one of our financial experts and we’ll get you back on the road with the vehicle you need.  We love to say yes! Like our Facebook page and follow us on Twitter for more news and monthly specials.

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