New Car Loans

Everyone knows about the great deals on clothes, appliances and electronics that you could take advantage of on Black Friday, but did you know that you could find great prices on cars too? According to car pricing research from TrueCar.com, Black Friday, the day after Thanksgiving, is the best day to buy a car.

History of Black Friday Discounts

According to day-to-day car pricing research conducted for the website over the past several years, it seems that the discounts on Black Friday, on average, are the biggest of the year. The best discounts, according to an analyst from TrueCar.com, comes in the form of manufacturers' incentives.

While the research revealed that it's difficult to determine a projected price reduction for this Black Friday since all car sales are individually negotiated, according to past data, the average new car discount for this Nov. 27 is projected to be 7.5 percent. The average deduction on a typical day throughout the year is closer to 4.7 percent.

Best Black Friday Deals

The researchers also noted that certain models should receive greater discounts. For instance, you might expect a 28 percent discount on the 2009 Suzuki SX4 and up to 26 percent off for the 2009 Nissan Titan. The Ford F-150 and Hyundai Sonata are also expected to offer big discounts. However, for specific deals, it's a good idea to check with your local auto dealers to see if they plan to offer Black Friday discounts. They'll be more than happy to advertise early.

One reason the researchers give for the price discounts on Black Friday is because it falls close to the end of the month - crunch time. So if you want to take advantage of the car dealers' need to sell - and your need for a new car at a great price - now's the time to start looking out for great Black Friday specials.

Do you plan to go car shopping on Black Friday?

Most people who search for great new cars are also searching for great new car loans; however, it's not always easy to figure out just how to find the best one. This is because there are a ton of ways to snag a loan in the first place. You don't want to feel disappointed that you weren't able to find an affordable loan, only to discover that your friend found one for you once it was too late. So before you fall into this trap, let's take time to explore ways that you can find some great car loans:

Conducting the Right Research:

So you're on the search for the car of your dreams; but your dilemma is that the car of your dreams is expensive. The only way that you think you can afford it is to get a loan that's affordable. A great way to do this is to search for affordable interest rates, which very often can be found online. Why, you ask? Because the Internet not only offers great search tools to make finding affordable rates simple, many online financial institutions offer cheaper interest rates on their loans than brick-and-mortar banks or car dealerships.

Other Ways to Find Good Loans:

As mentioned previously, it's not often a simple task to find the best rates for cars at banks or car dealerships. However, you can make these sources work in your favor if you play your cards right. If you want to work with a bank, it's important to shop around to find something in your budget. If your credit is stopping this from happening, you may want to clean your credit up by going to Go Free Credit before making your initial applications.

On the other hand, if you decide to work with a car dealership it's important that you not accept the first offer given to you by one of their finance companies. Their job is to sell you the car and make money, and in the process you may find yourself being cheated. So ask for cheaper rates and look for rebates to make the most of these two options.

Finding a great car loan is not difficult but does require research, which is the only way you'll be able to find the best car loan.

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