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Surprising reasons why you might look for a new auto loan

[Apr 4, 2012.]


There's no limit to the number of everyday reasons that exist for seeking out auto loans that could allow you to change your existing car. One is that Comerica Bank's Auto Affordability Index last week revealed that it's cheaper to buy a new vehicle now than it has been since the third quarter of 2009. In a moment, you can discover two reasons that you may never have thought of. But, in the meantime, here are five others:

Why you might be searching for auto loans

  1. You're fed up with seeing phone numbers on gas pumps every time you fill up, and want to find a modern, fuel-efficient vehicle that could get you from home to work and back -- sometimes via your kids' schools -- without spending the sorts of sums that could get Greece out of trouble.

  2. You want to be able to open your car's back doors without mountains of food and drink containers cascading onto the sidewalk. But you know that neither you nor your spouse is ever going to find time to clean the car, and your only way forward is to change it.

  3. You're shifting from carefree single or married status to expectant mom/dad, and need the sort of vehicle that doesn't invariably decapitate an infant every time it's involved in a fender-bender.

  4. You just discovered that you and your partner have previously unsuspected depths of fecundity. This requires you to change your current capacious car for something that can accommodate a small tribe.

  5. The last of your kids has finally left home, and you at last have the chance to buy that two-seater roadster that you always promised your mid-life crisis. This is a purchase you make in hope, rather than expectation. Because, statistically, you know that one or more of your beloved offspring are likely to be permanently occupying your "spare" bedroom (and the theoretical back seat of your car) months before you've perfected the technique for putting down the hood.

Oh, yes. You can think of a million reasons why you should change your car now. Here are two more.

Auto loans that can buy you reliability

Are you as exasperated as many drivers are by older vehicles that let you down on critical commutes, school runs, shopping trips and social occasions? If so, you may be interested in new data from J.D. Power and Associates, revealed on Feb. 15. They're the latest findings on the reliability of used vehicles from this specialist in auto data.

They reveal that, overall, cars, SUVs and light trucks built in 2009 were significantly more reliable than those made earlier. Indeed, vehicles built that year were, on average, 13 percent more dependable than those made in 2008. That's a big difference, and one that might prompt you to move on from your current scrapyard candidate.

Auto loans that can buy you… the unspeakable

We have to be delicate here. Because -- for some inexplicable reason -- BodyShopBids recently asked participants in a survey whether they'd ever had sex in a car. And a massive 60 percent said Yes. If you're one of them, you may well believe that your chances of successful vehicular seduction could be boosted by a cooler ride.

Maybe that 60 percent isn't all that surprising, but responses to another of the survey's questions were. They revealed that 45.5 percent admitted to performing some sex act or another (or being the recipient of such a performance) WHILE THE VEHICLE WAS MOVING.

Auto loans that… get you a good deal

Let's not dwell on that. The point of this blog is that, whatever your reason for wanting to change cars, you stand a better chance of getting great, affordable quotes for auto loans now than you have for some years.


About Author:

Peter Andrew has been writing about -- and for -- business for more than two decades. For the last couple of years, he has found himself increasingly specializing in the U.S. financial sector.

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