Business Services Industry
Chrysler Joins Zero-Interest Loan Programs.
Knight Ridder/Tribune Business News, September, 2001
By Rick Popely, Chicago Tribune Knight Ridder/Tribune Business News
Sep. 30--CHICAGO--Car shoppers who have debated whether to take a cash rebate or a low-interest rate have a new incentive to ponder--zero interest.
Chrysler joined General Motors and Ford last week in offering interest-free loans to try to jump-start auto sales, which fell more than 20 percent after the Sept. 11 terrorist attacks.
As good as that offer sounds, there are catches. First, the zero-interest applies mainly to 2001 cars on loans of 36 to 60 months. On 2001 trucks and all 2002 models, zero interest applies only to 36-month loans.
Other rates are as follows: 0.9 percent for 48 months on 2001 trucks and 2002 cars; 2.9 percent for 48 months on 2002 trucks;...
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