Compact Cars: Trading Down is Trading Up

A recent study released by J.D. Power and Associates had some interesting findings about car trade-ins and how people view a vehicle downsize as a trade up.

According to the study, more than a quarter of drivers trading in their car opted to go for a smaller vehicle while only 13 percent chose to go with a larger car. Compact cars aren’t only getting love from trade-in drivers, though. Across the board, more people are buying compact cars this summer.

Why is there such an interest in smaller cars? Well, compact cars today offer great features that at one time were only available in larger vehicles. Getting a compact car no longer means sacrificing comfort or new car technology. Cars like the Dodge Dart have digital dashboard displays, customizable interiors, and other high-demand add-ons like the wireless iPhone charger. To make the deal sweeter, compact cars tend to get better fuel economy than their larger counterparts, making it a greater value in the long run.

No matter what kind of car you are looking for, from compact cars to pick-up trucks, Approved Loan Store wants to help you! Good credit, bad credit, no credit, we work to get the best rates possible for our customers. Fill out our secure online auto loan application here, and keep up with the latest auto news by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!