Tag Archive | "zero-percent financing"

Chrysler Continues Zero-percent Financing


AUBURN HILLS, Mich. — In an incentive package similar to its May deals, Chrysler is offering zero-percent financing through GMAC Financial Services on most of its 2010 lineup, SubPrime Auto Finance News reported.

For Chrysler brand vehicles, the options are zero-percent financing for up to 60 months or 1.9-percent financing for 72-month terms. Or, shoppers can choose to receive up to $3,000 in Consumer Cash.

On Jeep models — excluding the Wrangler — customers can pick one of the following: zero-percent financing for up to 60 months, a 72-month term with 1.9-percent financing, or up to $3,000 in Consumer Cash.

Additionally, Liberty, Grand Cherokee and Commander buyers or lessees who finance via GMAC Financial Services can receive GMAC Bonus Cash up to $1,000.

Also, for shoppers who buy or a lease a Wrangler, there is $500 in Mopar Bucks available.

Moving on to Dodge, the choices are zero-percent financing for up to 72 months or a maximum of $3,000 in Consumer Cash.

For those shoppers who buy an Avenger, Grand Caravan or Nitro, they can access zero-percent financing for up to 60 months or go with the option of receiving up to $2,000 in Consumer Cash.

Options for Charger buyers are zero-percent financing for up to 72 months or $3,000 in Consumer Cash.

Challenger buyers can access “attractive” GMAC financing rates. They are also given $2,000 in Mopar Bucks when they purchase or lease the model.

For the Journey and Caliber, the options are zero-percent financing on a 36-month term or up to $1,500 in Consumer Cash.

Continuing on, available on most 2010 Ram trucks are the following options: zero-percent financing for up to 60 months or up to $1,500 in Consumer Cash.

Also, Dodge Dakota and Ram 1500 buyers and lessees who use GMAC financing can receive $1,000 in GMAC Bonus Cash.

Finally, Chrysler pointed out that there are “attractive” lease rates on several models in its 2010 lineup.

All of the aforementioned offers run through June 30.

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Led by Toyota, 0% Finance Deals Hit Record High in March: Edmunds.com


SANTA MONICA, Calif. — A record number of new vehicles were purchased with zero-percent financing in March, according to Edmunds.com.

In March, more than 22 percent of financed new cars were purchased with zero-percent finance deals. Last March the total was just 13 percent. The prior high was 21 percent in July 2006.

Remarkably, 71 percent of new Toyotas financed in March had a zero-percent APR — nearly twice the previous Toyota record of 39 percent in August 2009.

The two brands with the next highest percentages of such deals were Mazda at 58 percent of all financed transactions and Mercury at 32 percent.

“Credit must be starting to loosen if almost a quarter of all transactions financed in March were approved for zero-percent financing,” said Jessica Caldwell, senior analyst for Edmunds.com. “Certainly it seems as if Toyota Motor Credit and other captive finance companies may have lowered standards to help improve sales.”

In part because of low-interest financing deals on new cars, more than 100 new vehicles currently cost less than their one-year-old used counterparts.

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