Circle BMW Reacts To New Term Assed-Backed Securities Loan Facility
The US Treasury Department announced a new program to increase the availability of auto loans. The Federal Reserve will establish a $200 billion loan for the auto industry which is expected to facilitate the issuance and sale of securitized auto loans.
Consumers and dealers alike are hoping that these steps will help restore consumer confidence and start the country on the road back to economic stability.
Circle BMW in New Jersey is acting quickly to spread the word of the Treasury Department’s latest move. General Sales Manager, Bob Makda, commented, “We are accepting and getting approval for our clients whom have excellent to marginal credits score with rates as low as 0.9% on certain 2008 and 2009 models. This is the best time to make the best deals on new and certified BMWs at circle BMW.”
BMW Financial services has also supported the NJ dealership with powerful lending opportunities which puts the dealer in the perfect position to offer reduced rates on new and used purchases and lease programs.
Makda, added, ‘Many NJ shoppers are just assuming that our leasing programs are plummeting with the economy. That couldn’t be further from the truth. BMW Financial Services has backed us with millions in lending dollars so we can meet the leasing needs of our customers.”
The National Automobile Dealers Association has produced TV and radio public service announcements as part of the push to inform consumers of the available credit and opportunistic buying time.
To coincide with the new auto loan, Circle BMW has released extraordinary savings on many favorite BMW models include the 3-series, 5-series, and X3. Consumers should take advantage of 0.9% financing on all 2008 models at Circle BMW as well as a $500 courtesy towards their next BMW. Details of the promotions are available at http://www.njbmwdealer.com/
Circle Motorsport, Inc.
500 Rt. 36 East
Eatontown, NJ 07724
- Contact Information
- Bob Makda
- General Sales Manager
- Circle Motorsport, Inc
- Contact via E-mail
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