3 Reasons It Can Be Easier To Get A Loan For A New Car Instead Of A Used Car
It can be easier to find financing for a brand-new vehicle even though it may have a higher price tag, which may sound like a counterintuitive fact. Yet, there are reasons why finding a new car loan can be an easier thing to do than finding an auto loan for a used vehicle. A new car is going to hold its resale value better. Lenders like to know that what they are loaning you money for is going to hold its resale value well, and used vehicles can have questionable abilities to hold resale value.