Will Ohio Used Car Dealers Experience the Cash for Clunkers Effect?

Now that Ohio car buyers can turn in their clunker for a government cash rebate, some wonder if this will have a negative impact on used car sales. The Cash for Clunkers program officially begins July 27th although many new car dealers have been accepting trade-ins for weeks.

ABC MotorCredit is a buy here pay here used car dealer in Ohio. The business has been a mainstay in Northeast Ohio nearly 20 years. ABC MotorCredit predicts the Cash for Clunkers program will have some negative effects on used car buyers, but not necessarily used car dealers.

Used car inventory in Ohio is predicted to go up in cost, since many of the quality used cars that would be available to buyers will now be crushed once consumers turn them in under the Cash for Clunkers program. Fewer used cars available will likely lead to higher prices for buyers. However, dealers like ABC MotorCredit have taken proactive steps to protect their customers. For example, ABC is running a low 17.5% interest rate program for a limited time.

According to ABC MotorCredit, the fact that used car prices could likely increase is bad for low income buyers with bad credit. In this case, the Cash for Clunkers program could hurt rather than help. According to a company representative, “At our end of the credit spectrum, I think customers tend to buy when they have to, and the longer they wait, the higher the prices are going to go as inventory dries up.”

ABC MotorCredit advises consumers who are considering purchasing a used car to begin the process before the Cash for Clunkers Effect settles in.

Ohio used car buyers can shop for their next car online by visiting
http://www.abcmotorcredit.com/Inventory.aspx?DealerID=197,198,199,200 . The ABC MotorCredit website allows consumers to shop for a used car based on year, model, or make. The results can even be sorted by price or miles.

About ABC MotorCredit
ABC MotorCredit has been helping good people with bad credit get great cars since 1990. ABC has 4 stores covering most of Northeast Ohio. They are located in Akron, Canton, Tallmadge, and Austintown. Car buyers in Ohio have their choice of hundreds of vehicles, including many SUV’s. An added bonus for ABC customers is that these vehicles can also be purchased with extended service contracts, with coverage up to 24 months or 24,000 miles.

To learn more, visit http://www.abcmotorcredit.com/

Contact Information

Brian Pasch

CEO

Pasch Consulting Group

Contact via E-mail