The last few weeks of summer usually signal the highest gas prices of the year.  Luckily, we still have not come close to the $5 per gallon we saw in 2008.

Last year many banks placed restrictions on all loans financing vehicles with V8 engines.  This was brought on by the strain high gas prices put on the majority of people driving “gas guzzlers”.  For many this meant they couldn’t finance the truck or SUV they needed without a ridiculously high down payment.

As we near the end of the summer.  Lenders take comfort in the fact that we will not face the same hardships the astronomical fuel costs brought on last year.  They are beginning to lift  restrictions on V8 powered vehicles.

This is a great time to revisit the idea of buying that car or truck that lenders did not want to finance just a few months ago because of its V8 engine.