If you are looking to purchase a used car to save some money, you may be out of luck. Since 2021, used car prices have increased by 30%. The current chip shortage makes building new cars difficult, creating a supply shortage.
With the skyrocketing prices of new vehicles, people are flooding the used car market and creating demand. On average, you can expect to pay at least $8,000 more on a vehicle today than last year.
Auto loan shopping can be a negative experience, especially if you have less than perfect credit. Borrowers everywhere are struggling to find auto loans with affordable rates, and Consumers Credit Union is one option many have turned to.
Consumers Credit Union’s auto loans offer extremely low interest rates, flexible terms, and Mechanical Repair Coverage with 24-hour emergency service. They even accept applicants with bad credit!
Consumers Credit Union is open to the public, meaning anyone can become a member. Their focus is on bringing the best products and services to their members, creating an inclusive and supportive financial institution.