Comments on: GM kicks off 0 percent loans and cash incentives

By: 125_ltv

125_ltv — Tue, 13 Oct 2009 10:59:19 +0000

I'm so love this blog, already bookmarked it! Thanks.

By: 125_ltv

125_ltv — Tue, 13 Oct 2009 03:59:19 +0000

I'm so love this blog, already bookmarked it! Thanks.

By: Pat

Pat — Wed, 31 Dec 2008 12:21:00 +0000

This still doesn't make me want to buy American

By: zermatt

zermatt — Wed, 31 Dec 2008 11:45:20 +0000

At first I was only joking, but within a couple of hours of my post one of my contacts told me that 0% was a done deal.

The next step for GMAC will be to allow buyers to go back to the imprudent practice of loading negative equity into their new loans. Maybe not 140% or more of the purchase price, but certainly in the 125% range may be necessary to get more purchasers into the showroom.

Negative equity is a contributor to the financial problems that auto lenders have had, but it is clear that the people with the worst financial habits and/or credit are the ones that were propping up the auto industry and the economy in general.

By: Bobmarley

Bobmarley — Wed, 31 Dec 2008 10:53:03 +0000

Zerrmatt,

didnt you ask about 0% loans? Just gotta buy a Trailblazer! =o