Huntington Touts Value of Trade-Ins
Huntington Bank is urging consumers to take advantage of higher used-car prices —by trading in their vehicles for new ones.
“Last year's deep downturn in auto sales could be consumers' silver lining this year for finding new car and truck financing with better interest rates and shorter terms,” the bank said in a press release today.
Nick Stanutz, Huntington’s senior executive vice president and auto finance and dealer services group executive, suggested that a trade-in that brought $10,000 a year ago could now fetch up to $12,000. With a $12,000 trade-in on a $25,000 vehicle at an interest rate of 5%, the monthly payment would be $246, compared with $283 per month using a $10,000 trade-in.
Click here to read the press release.
“Last year's deep downturn in auto sales could be consumers' silver lining this year for finding new car and truck financing with better interest rates and shorter terms,” the bank said in a press release today.
Nick Stanutz, Huntington’s senior executive vice president and auto finance and dealer services group executive, suggested that a trade-in that brought $10,000 a year ago could now fetch up to $12,000. With a $12,000 trade-in on a $25,000 vehicle at an interest rate of 5%, the monthly payment would be $246, compared with $283 per month using a $10,000 trade-in.
Click here to read the press release.
Tags: huntington, pricing, trade-in, used, used-car
Views: 0
Subscribe to Auto Finance News by clicking here.
Details
About Us
Guide to Posting Images
Videos
Code of Ethics
Advertise
Our Other Sites:
Air Cargo Management Group
AccountsRecovery.net
Bank Innovation
________________________
Subscribe to our sister publication, Auto Finance News. Click here to learn more about the industry's leading newsmagazine or here for VIP access.
You agree that in posting to this site you will abide by the Terms of Service spelled out below.
Events
Job Board
© 2012 Created by JJ Hornblass.
