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National Press Release

VIDEO from Medialink and General Motors: Buying a New Car During the Credit Crunch

Published 2009-03-19 14:56
By Medialink; General Motors

NEW YORK, March 19 /PRNewswire/ -- Most new car buyers need to borrow to pay for a new car, but the mortgage meltdown has tightened available credit, and has also led to dramatically lower new car sales. Despite challenging credit conditions in the auto industry over the past year, carmakers say financing availability has improved in 2009 as banks have received financial relief from the government. So credit-worthy buyers are getting approved.

See video from General Motors (NYSE: GM) at:

http://inr.mediaseed.tv/oneClip_C/?feed=kcMG1XwgFlKrwH79NSKxMQWDoIOY1QAO

The good news, according to Edmunds.com, is that now is a fantastic time to shop for a new car. Most manufacturers are offering great deals, making new cars better deals than many used cars.

To ensure getting great financing options like zero percent offers, or bank or credit union loans, Edmunds advises checking your credit rating before you shop, and make as big a down payment as you can.

Registered journalists can access video, audio, text, graphics and photos for free and unrestricted use at http://www.mediaseed.tv.

03FF09-0091

SOURCE Medialink; General Motors



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