Latest Car Credit Packages

Looking around my local car dealerships last weekend, I came across some pretty impressive car finance offerings being promoted. Some of the APR rates were the lowest that they have ever been and if I were in the market for a new car, I could very easily obtain a great financial package due to these offers. There were also some excellent used car credit deals and not in the way of a bad credit car loan package neither. The rates here were slightly higher than on new car purchases but that is to be expected as there is more profit in new car units than there is from most used cars. However, given the current financial situation we are faced with, it seems that many people do not qualify for a car credit loan and can therefore not take advantage of such promotions. The reason behind these rejections is all down to a bad credit history and the fact that there are only a handful of lenders actually lending people money for car credit and finance. With the hope that such things can improve, maybe then the conversion ratio from enquiry to acceptance will be increased.