Tag Archives: Detroit Free Press

0 Percent Loans up in August

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August was a fantastic month for auto-makers. The upward sales trend continued and shows signs that September will be an even better month with the full introduction of new vehicles. If you’re someone who is looking to put themselves into a car, then August also had some great news for those seeking a car loan.

The Detroit Free Press has put out a report showing that one out of every ten new cars that were purchased in August were financed with a 0 percent loan. That makes it the highest percentage of interest-free car loans this year. Another report with Edmunds.com shows that 8.5 percent of car sales were bought with 0 percent financing during the first eight months of 2012.

Truecar.com’s vice president Jesse Toprak said of the figures, “This is the best of both worlds. Automakers can offer low interest-rate programs at little cost to themselves and consumers can take advantage of these offers and get a lot of car for their month.”

It gets clearer every month that the time to get that car you keep talking about is now. Come on into Bayside Chrysler Jeep Dodge and drive away with the vehicle you’ve been wanting. Like us on Facebook and follow us on Twitter to stay up to date on the latest in industry news.

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Chrysler Looking For New Incentives to Get Buyers into Cars

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Economy, economy, economy, not a day can go by where the word doesn’t enter into every news story on any given website. It’s not hard to see why, what with the US still knee deep in a recession, but it’s an inescapable topic. When covering the car industry, the economy has always been a focus point for stories. Most car makers have managed to have a positive spin with their coverage, becoming a Cinderella story of coming back from almost losing it all. Since the bailout, not a month has gone by where journalists (including myself) haven’t spoken at length about the great recovery the industry has had since the beginning of the year. There’s problem with this trend however, that it’s great while it still happens, but just how long will it last?

That’s the question being addressed by the industry which is being looked at in an article with the Detroit Free Press. Many of the major names have started to look into new ways of getting people to continue shopping for cars. One of the ways is how GM has introduced a new 60 day return policy on their cars. It’s not exactly just return the car in 60 days of purchasing it, there are many guidelines that have been set that need to be followed before the dealership will take back your vehicle. That being said, it’s still something very different than business as usual.

Chrysler has a different approach. They have initiated a program that allows buyers to delay their monthly payments for 90 days. This offer is a full national program and applies to Chrysler, Jeep, Dodge, and Ram trucks. It’s all about figuring out ways to incentive people to ensure that the sales companies like Chrysler have been enjoying don’t take a radical dip. The car industry is in a much better place currently and it really enables them to start really thinking outside the box about how to aid their customers.

If you’re one of those customers looking to drive away in a car you need, no matter if you’re suffering from bad credit, come see how Bayside can help you. Be sure to take a full look at our inventory online of new and pre-owned cars. Also give us a like on Facebook and follow us on Twitter to stay current on the industry news.

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