2012 was an amazing year for the auto industry. Sales were so strong in 2012 that it would be completely understandable if the industry saw a slight dip in the beginning of 2013. To combat any drop off in sales, they are offering some of the lowest interest rates in years and longer loan lengths for more affordable monthly payments.

A review of banks and credit unions found that five-year new car loans had an average interest rate of 4.15 percent, and four-year used car loans had an average interest rate of 4.77 percent. Some were offering as low as 0 percent to 1.9 percent or a cash rebate depending on the model, and certain lending institutions are giving consumers more time to pay off those loans. 72-month and 84-month car loans are becoming more common place, and with the lower interest rates, consumers can take those longer auto loans without feeling like they’re paying too much in interest.

At Approved Loan Store, we want to help you take advantage of great interest rates and flexible loan terms. Whether if you have good credit, bad credit, or no credit, we will explore every option to get you the best possible terms on a car you want. Click here to see testimonials from real Approved Loan Store customers.

Are you ready to get into that new car? Get started by filling out our secure online auto loan application here, and for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan on YouTube.

Image courtesy of renjith krishnan / FreeDigitalPhotos.net