NEW YORK - Ford Motor Co. has spiced up its 0% interest offer on 2002 model vehicles by allowing consumers who purchase those cars and trucks the chance to not make payments until 2003. Ford is offering 0% financing for up to 60 months on last year's models as a way to clear out vehicles to make room for the 2003 vehicles that are now becoming available. The offer, and the new no-payment option, are available for vehicles purchased through Sept. 30. In July, General Motors Co. began offering 0% interest on 2002 vehicles. But GM dropped that offer in the beginning of September when it offered the incentive for most of its 2003 models through October. Ford responded by offering 0% interest in place on older model vehicles. Chrysler Group is also offering 0% interest on most 2003 models in response to GM's incentive.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the September-25, 2002 issue of Credit Union Times Magazine • Subscribe!
Ford offers no payments on 0% deals until 2003
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
