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If you have plans to buy a car with an auto loan, now may be a most opportune time. The automobile industry at this time is aggressively promoting more sales of cars. You can easily observe this in the advertisements that they put out for the public in various media outlets.

At this time, prices of cars may be at their lower levels, a distinct advantage of course for the buyers. Maybe you can even take advantage of bargain prices now for a new car.

Many car dealerships are presently offering various kinds of incentives to entice potential car buyers to sign up for easy payment terms for their vehicles.

They even handle the arrangements with the banks to facilitate the approval of the loan applications for car purchases. All they ask you to do perhaps is to go over to their office and sign the papers when ready, and you can drive away your new car after completing the paperwork for the transaction.

Of course, they did some advance checking on your credit standing with the agencies concerned on these matters. With the fast electronic means now being used these credit records on people are easily obtained, and you can even get a transaction of this nature done in one or two days. That is why some car dealers even make bold announcements in their promotional efforts using attractive words like: *Instant Car Loans! Come and Sign Up!*

When you get your new car at this time, you can expect to receive a lot of additional bonuses like free maintenance service for one or two years, free car insurance for a year, or free gasoline for a week. They have these kinds of juicy announcements now as added benefits for buyers of new cars in their aggressive sales campaigns.

There will be some degree of hesitation only in the auto and banking industry to serve you in a fast manner with your loan application if you have past records of defaults in credit payments in the past. This hesitation is understandable, considering that they will have to do a more thorough checking on your ability to pay for the new car loan.

A car buyer with some payment defaults in his credit records could take a longer time to get his new car, but there is no harm in signing that loan application. The credit system will still accommodate his need for a car.

They industry is on the lookout for potential buyers at this time who have the money in the banks to buy their cars, even not directly with cash or checks, but through a credit card payment system. The payments with the cash from the banks in due time for the vehicle purchase done on credit will be a great help in what they project as more growth for their business.

If you had been a reputable credit card user all the time, you will be a darling to the industry and there will be no problem at all for your credit purchase of that new car. You will be most welcome to sign up for that auto loan.