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.
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