DETROIT – The Big 3 auto manufacturers may have discontinued offering 0% interest loans as a regular part of financing deals, but that doesn’t mean consumers have seen the end of this type of financing incentive. USA Today recently reported that General Motors and Ford are offering six-year, 0% interest loans on most 2004 models as a way to move inventory. GM’s financing offer does not apply to Cadillacs, Saabs and Hummers, and Ford’s promotion doesn’t include the Thunderbird. Last month the Detroit Free Press reported that General Motors had an inventory of about 1.15 million vehicles. About 60% of that inventory was made up of 2004 models. Ford’s inventory was about 790,000 vehicles of which 60% were 2004 models. Both automakers have already cut their production targets for the fourth quarter 2005.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.