Prime Rate Credit

June 30, 2006

Ford, GM to Offer Special Car Financing or Price Deals Now?

Filed under: Car Loans, Financial News — CleanedUpCredit @ 4:14 pm

It looks like Ford and GM, although they said they wouldn’t, may be offering special financial incentives to purchase a vehicle from them, after Daimler Chrysler announced their special pricing incentives on cars to move inventory.

Apparently, earlier in the week, GM or General Motors, announced 0% financing for up to six years on most of its cars and trucks. And that’s not all, I guess that another popular domestic car manufactere Ford already had 0% financing for up to 5 years on most of its models of trucks and cars.

The offers aren’t going to last forever though. GM’s offer is to expire first, which will be on this Wednesday after the Fourth of July holiday. And then Ford’s special financing offer is to run through July 31, just like Chrysler’s special employee vehicle pricing incentive does.

So why are all these domestic auto makers putting special incentives on the minds of consumers?

There is an industry fact in sales that is looming over their heads, where financial analysts are predicting new car sales will drop 8% from 12% in June. Bad for them, good for us!

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