AUTOS: Way Out

Automobile dealers whose sales had been crimped by credit controls last week discovered a way to loosen the clamp. Under the six-year-old G.I. bill they found that veterans who use cars in their business can buy them with Government-guaranteed loans, with up to two years to repay. Dealers who hadn't known or cared about the law before began offering "eligible veterans" new cars for as little as $257 down and $45 a month, about two-thirds the payments required under credit-controlling Regulation W.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!