Car shoppers who have held off on buying so far this year should strongly consider buying in June.

The National Auto Dealers’ Association, or NADA, released findings today that showed the prices on used cars have consistently dropped from May to June. Depending on the vehicle, consumers can save anywhere from $300 up to $900 on 2009, 2010, and 2011 models. Even better, some of the cars that NADA examined are fuel-efficient vehicles like the 2011 Toyota Prius, and for the majority of car buyers, fuel economy is the most important factor in choosing a new car.

For people looking for a new or used car, it seems like the stars are aligning. Lower interest rates, more loans specifically for those with challenged credit, greater flexibility with the loan length, and now, the price of used cars is dropping. Car shoppers have fewer and fewer excuses for not taking the plunge and getting that new or used car.

If you are looking to get in on June’s lower prices, Approved Loan Store can help! Fill out our secure online auto loan application here, and keep up with the latest trends in the auto industry by liking Approved Loan Store on Facebook and following Approved Loan Store on Twitter!

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