Stressed out about the financial meltdown facing this country? Need a new car? It seems counter-intuitive to be thinking about a new car, but some times it is unavoidable. If you car is old and broken down, or if family changes necessitate a larger vehicle you have little choice but to start shopping.

The first thing to consider is buying new or used? I would strongly look at used cars right now since the price will be less and the last thing you need right now is more debt. We have a quick and easy link to search for a used car. Also don’t forget to search local papers and bulletin boards. As always AutoEducation.com has some excellent information on buying a used car.

If you have to buy new, make sure your credit is up to snuff. It has been reported that GM Finance is only writing loans to customers with over a 700 credit score… this eliminates about 58% of the people in the USA ! That’s not to say if your credit is below 700 you can’t get financed, you may have to pay a higher rate or go to a smaller lending institution. A great place to start your new car buying experience, is at SmartCarQuote.com a site which I created to help people buy new cars at the lowest prices.

If you can wait it out, I feel that the economic crisis will lift and credit will start flowing freely after the presidential election is finally decided. I won’t go into politics here, but I believe that no matter who wins, the economy has no where to go but up.