New Britain, CT: Just what is going on with the banks and credit and how does it effect your ability to purchase a vehicle? If you watch the news or read the newspapers you certainly are aware of the economic troubles and the "credit crunch." We understand that this has put a lot of fear into you, the consumer, when it comes to major purchases. That is one of the reasons the Papa family has established the "AUTO HOUSE." We offer good, quality pre-owned cars at affordable prices. While the banks we use here at Papa's Auto House Used Car and Truck Outlet have certainly changed their lending standards on sub-prime credit, they have not changed anything for those of you who have worked so very hard to build up a good credit rating. The media is portraying that no one is getting approved. That is simply not true. As a matter of fact, with the Federal Reserve Bank having cut interest rates over the last few months in an effort to revive the economy, it has never been a better time to purchase a vehicle. Interest rates are better then we have seen in years, which can save you hundreds of dollars over the life of a loan. Having been serving the community for over 60 years we here at Papa's have relationships with many lenders who all want what little business is out there. They are very competitive in their efforts to get your business. Are Finance Officers will get you the best rates around and none of our lenders have a pre-payment penalty. You can pay off the loan anytime you wish.
The media is also saying that if you don't have the best of credit you will never get a loan. We here at Papa's Auto house have teamed with Credit Acceptance Finance and have a program where everyone is guaranteed an approval. Unlike the "buy here, pay here" dealers out there, Credit Acceptance reports to all the major credit reporting bureau. So not only do you get a loan and a car, you rebuild your credit. You may have to be a little flexible in your choice of cars, but in twelve months, as long as you make your payments you can come back and get the car of your dreams. Come on in and let us do what we always do, tell you the truth.