If you're planning to buy a car in the near future and finance the purchase, the talk about frozen credit markets and the $700 billion Wall Street bailout can't help but make you worried about whether they can get a car loan.

Troy Clarke, General Motors' president of operations, said this week in an interview with Bankrate that while lending standards have tightened, many car buyers can still get car loans.

"You're certainly seeing less leasing, and offers of zero down and zero percent are rare," he says. "But people are getting car loans. The market is responding; there are more lenders in play -- banks, credit unions -- and the market is working. And GMAC is still lending."

Clarke says GM's employee pricing campaign, which ended Tuesday, was very effective in luring buyers into showrooms to help clear out 2008 models. He does not anticipate the program returning soon.

Sales in August and September rebounded in the truck and SUV market, but buyers can still expect to see the greatest discounts on those models, Clarke says.

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Others in the auto loan industry say that the biggest change consumers are seeing is a sharp drop in the availability of negative equity loans -- when a buyer trades a car worth less than is owed and the balance is rolled over into the new car loan.

While people with credit scores above 720 -- considered top-tier risks -- may still be able to do that, most buyers can't now.

For borrowers with scores of 630 or lower, getting a car loan is problematic. Only about one in five of applications from such buyers is getting approved, compared with more than two-thirds last year, according to CNW Marketing Research.

Nonetheless, Clarke sees his industry rebounding from both the loan issues and the impact of higher gas prices, which have dropped in recent weeks.

Clarke says that GM is planning new models based on the belief that gas prices will remain well above $2 or $3 a gallon.

"Before, we saw fuel prices in terms of spikes and then drops," he says. "We chose now to see it as structural and are assuming prices eventually will go higher."

He says GM is confident it will be able to bring its much-touted Volt hybrid electric sedan to market in late 2010 and that the technology in the vehicle will be the basis for other vehicles.

Here are this week's reader questions:

• GM: credit crunch hasn't killed loans • Do I get 'cooling off' time after I buy a car? • Will my loan troubles put me in prison? • Can I take over my brother-in-law's car loan?

If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter.