After a prolonged recession with years of tight credit, auto financing for new and used car shoppers is plentiful. Credit restrictions have eased and interest rates, while possibly going up, are still near historic lows. Even people with imperfect credit scores can find financing for their car purchases, auto financing experts say.
"It's a very attractive market right now," says Melinda Zabritski, senior director of automotive credit for Experian. However, lenders are still a little more conservative than they were before the recession, which started in 2008, Zabritski says. Despite this, she says the automotive sector of the economy is no longer recovering. It has recovered.