A return to the road is on the horizon.

After a wild year that caused many to have little need to drive during the pandemic, 2021 is looking like a great time to get back behind the wheel. With society on the verge of opening back up, your next new car is right around the corner!

What Makes Auto Financing So Favorable in 2021?

Automotive financing this year has a few factors working in your favor, including low-interest rates, automakers looking to recuperate lost money from last year, perfectly good 2020 models ready to be taken off the proverbial shelf, and more. The new 2021 class seems to be an extremely promising group of cars as well.

These are reasons to strongly consider auto financing in 2021:

  • Low-Interest Rates: At one of their lowest points in the last three years, interest rates are in a perfect place for prospective car buyers to take out a loan. The average interest rate for people with excellent credit has not risen since Q1 2018, either.

As the economy rebounds in the coming months, there is no telling when these favorable trends could begin to shift away from the consumer. Jumping on these rates now is the best way to ensure your monthly payments stay manageable.

  • Automakers’ Desperation: Call it what you will, but car manufacturers are looking to salvage a less-than-stellar 2020. Whether that manifests itself in end-of-year deals being extended or 2020 models being offered at lower prices than extended, you will benefit from last year’s events.

The two main identifiers of a great deal are:

  • When a dealership has less than 10% inventory of a vehicle’s 2020 model compared to its 2021 counterpart
  • 2020 models that are at or nearing the end of their production run

Spot these types of cars while you are shopping, and it could pay off in a big way for you.

This class of sleek new releases comes at a perfect time for anyone interested in a new car.

Capitalize on Current Deals for Your Auto Financing

As discussed above, 2021 has several things going for it that make it a great time to be financing a new car. Simply put, this is a great opportunity to take advantage of the auto industry’s certain push to right the ship after 2020.

Now equipped with the knowledge and motivation to do so, you can bring home that new car that will signify the beginning of a new chapter.

Learn how you can finance your next car today at https://vantagefinance.com.