PRLog (Press Release)– Jun 23, 2011– AutoLoans.com, a major provider of no-cost car loan quotes, has announced that its lending affiliates are offering one of the lowest average rates in the site's his cadillac tory. In the current economic climate, lenders have consistently brought down credit card rates, and they have now extended this trend to auto loans.
"Every site out there that offers auto loans claims that now is audi the best time in history to borrow money for a new car, but few can back it up. By contrast, AutoLoans.com has statistical evidence that our lending partners, on average, are offering the lowest interest rate we have seen in years. It truly is in our borrowers' best interest to take out a loan for a new car now, and that is why we so heavily promote these new, low rates bmw ," said Mr. Mick Ronson, spokesman for AutoLoans.com.
Each month, AutoLoans.com tabulates the average interest rate offered by its lending affiliates according to the characteristics of the average buyer. This month's results were lower than they have been in years, which is consistent with lenders' recent willingness to steeply drop credit card interest rates as well.& corsa #13;
"Most consumers realize that credit-card interest rates are falling, which is entirely true. The real miracle, though, is how much rates on auto loans are dropping as well. Auto loans are secured debts, which makes their interest rates inherently 1086274749 more stable and predictable. That the rates are declining like they are is a strong indication that this is a better time to borrow a car loan than ever before," said Mr. Ronson.
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