Auto approval rates improve

July 21, 2010 3:26:37 PM PDT
Consumers who've had difficulty getting a car loan during the recession may get some relief. Auto approval rates have improved over the last year for customers regardless of their credit rating.

Customers with the best credit ratings tend to have more options and the best interest rates.

But industry analysts say even those with credit issues are now able to buy -- but with higher down payments or a trade-in.

While consumers with bad credit are more likely now to get financing, they'll most likely be charged a higher interest rate.


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