Vehicle Finance News
Those seeking to junk cars for cash simply need to contact us for a price for the vehicle. Are you wondering how and where to receive money for a scrap car in Cleveland? Our salvage car buyer can provide you a junk car quote right over the phone. Our scrap car removal service allows you to receive cash for a car and free towing. To sell a junk car is always a better option than to leave it sitting around somewhere. Our company believes in diverting waste by continuing to reuse and recycle as much as possible.
In Auto News on the July 6, 2016, Hannah Lutz posted a story titled ‘Affordability drives longer loans’ with the following information: “The average loan length has been rising. Looking back, based on vehicle affordability, the rise seems to have been inevitable. Each year, new-vehicle loan terms have risen one month on a year-over-year basis. In the 1st quarter of 2015, the average new-vehicle loan length was 67 months, according to Experian. The average loan length climbed to 68 months in the 1st quarter of this year, an all-time high. I won’t be surprised if the average loan period reaches 69 months in the 1st quarter of 2017.
Dealerships and lending banks want to obtain customers into the cars they want at a monthly payment they can truly afford, but a study by Bankrate.com found that a median-income household can’t afford a vehicle at what Kelley Blue Book says is the national-average price of $33,865. Long loan lengths have been a popular tool to reaching a low monthly payment. San Jose, CA. was determined to be the highest for vehicle affordability in one study. Residents of that city, based on their median income, could afford to buy a $32,856 vehicle Customers’ vehicle affordability shows why loan lengths have increased. Loans of 73-84 months made up 30% of new-vehicle lending in the 4th quarter last year, marking a 12% rise from the prior. Each qtr. we report on longer loan lengths. Those reports certainly prompt nervousness among some readers. When looking in consumers’ wallets, should we really be surprised?” The complete article is available at this link: http://www.autonews.com/article/20160706/BLOG13/307069992/affordability-drives-longer-loans
Who to contact for scrap car removal
Call today to sell junk cars for cash and we will be out shortly to pick it up. When attempting to receive money for a scrap car, the motor vehicle title and valid ID are required throughout Ohio. Those acting as a salvage car buyer should assume responsibility for protecting the environment when executing their recycling and disposal processes. If you are looking to sell a junk car for cash, now is the time to call. We strive to deliver strong environmental resources for the preservation of the scarce commodities. Automobile wastes are always kept from contaminating the local environment.
