Buyers Be Aware: Chrysler Offers Zero-Interest Financing to Move 2008 Models
Further proving that there's never been a better time to buy a new vehicle from recession-battered domestic automakers, Chrysler has announced zero-interest financing for 72 months on certain 2008 Chrysler
, Dodge
and Jeep
vehicles through Chrysler Financial
. This is on top of factory-to-consumer cash incentives
that the bankrupt automaker is already dangling to lure buyers into its showrooms.
The financing option is available through June 1, before Chrysler Financial is taken over by GMAC, and comes as Chrysler seeks to sell 2008 models before being merged with Italian automaker Fiat SpA.
But before hitting the showroom, you should know not only what the available incentives are, but also how to best apply them. While zero-percent financing is self explanatory, the rule of thumb with customer cash back is to negotiate your best price, then deduct the customer cash.
And while 72 months drives down your monthly payment, we strongly caution car buyers not to stretch their payments that long. When buying a car, Edmunds.com recommends a 60-month maximum term and a 36-month lease.
All of this means you could potentially get a smoking deal on a new minivan, pickup or a rolling relic but potential collectible car like the Chrysler 300C SRT8.
- Posted by
- Doug Newcomb May 21, 2009, 12:00 PM
- Permalink
- Categories:
- Automotive Consumer News, Car Buying, Car Loans and Financing, Chrysler, Dodge, Jeep, Vehicle Incentives and Rebates
- Technorati Tags:
- Chrysler, Chrysler Financial, Dodge, Fiat, GMAC, Jeep
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