Higher Average APR, Loan Payments for New York Auto Loans

Car buyers in the New York City area should be more careful when searching for an auto loan. A new study shows they could be paying higher interest rates and loan payments than car buyers in other parts of the country.

According to Manilla.com, a personal finance/bill payment website, New York City is third in the country for highest average auto loan balances, fifth in the country for average loan payments, and fifth in the country for average loan APR. These statistics aren’t especially encouraging for car buyers in the New York City area, especially those who have no credit or poor credit and might need some flexibility with their auto loan terms.

This is exactly why Approved Loan Store exists. We help our customers find a car they want at terms they can afford, even if they have poor credit or no credit! Hundreds of people have discovered the Approved Loan Store difference and the easy 3-step process.

Step 1: Fill out our secure online auto loan application here. You will hear back in 24 to 48 hours!

Step 2: Set up at appointment at an Approved Loan Store location nearest to you.

Step 3: Meet with a Special Finance Representative, work out the loan terms, and drive off with a new or used car as early as that day!

Go to http://www.approvedloanstore.com to learn more, and get more auto news and buying tips by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

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