Car buyers split on car financing benefits | Fundingway News
A recent CarFinance.com survey including more than 2,000 participants revealed that consumers are evenly split on what is most important to car financing: auto loan pay off, lower monthly payment or reducing interest rate. ?
"This survey reveals that even with relatively high awareness of auto refinancing, the average consumer is not taking advantage of an opportunity that can save hundreds of dollars a month," said CarFinance.com CEO Jim Landy. "Although we have seen a surge of car owners successfully refinancing their auto loans at CarFinance.com, the results of this survey indicate that the benefit of auto loan refinancing continues to be one of the best kept secrets in our post-recession economy."
TrueCar.com recently estimated that the average transaction price for light vehicles in the United States was $30,369 in July, $139 lower from last month because dealers are looking to offer less cash benefits and ramp up leasing. TrueCar estimated that the ratio of incentives to average transaction price for light-vehicles was 8.2 percent in July, down from 8.6 percent in a year-over-year comparison.
Source: http://www.fundingway.com/news/1767990/car-buyers-split-on-car-financing-benefits/
whip it gabby giffords gabby giffords geithner gabrielle giffords juliette lewis chelsea handler