The auto industry as we know it today is about to get flipped on its backside!  The cost of oil is unstable.  The global markets are in turmoil.  The economy on a worldwide scale is slowing down.  There is a new president in the United States.  What does all of that have to do with getting cheaper AUTO LOANS you may be asking yourself.

When a company like Ford or Holden actually is basing their build out speculations on what the current market is doing and what it will be doing over a 12 month span, it’s a risky business in “getting it right”.  What we predict will happen is that Ford, Holden, Toyota and especially the smaller market share owners like Suzuki, Proton, Kia and Hyundai, will soon be offering deals at a 0% finance rate to get rid of their current 08/08 new autos.

The interest rates on homes are falling at almost a freefall rate.  Take a look at what John Symond has done at Aussie Home Loans.  They smashed the rate share ahead of time and are reaping rewards from it because they don’t carry the amount of debt as some of the larger banks or have the risk in their portfolio that the big banks all share.

Auto loan companies, including the big boys, as well as banks, will HAVE to LOWER their rates to compete with the auto manufacturers finance companies.  If you are wanting to buy that new auto, we would suggest holding off until late February or March.  The auto manufacturers will be bleeding pretty good by then and the only way to move metal is to sell it cheap and make it affordable and even more appealing through finance gimmicks.  This is the reason we see the auto loan rates falling and we stand by these statements.

James Wester

AutoLoans.net.au Admin