Author Topic: 0% financing on Challenger (and lots of other mopars) starting tomorrow  (Read 2294 times)

Offline ntstlgl1970

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Loan money in hand, Chrysler offers 0% financing
Bradford Wernle
Automotive News
January 16, 2009 - 4:12 pm ET
DETROIT -- With $1.5 billion in federal loan money on the way, Chrysler LLC rolled out an array of financing options including 0 percent to lure customers back into dealerships.
Chrysler is offering 0 percent financing for up to 60 months on many 2009 and 2008 models effective tomorrow.
Company executives said the loan money should start flowing immediately and that further incentives could follow shortly.
"We can now buy credit and get customers in the 620 [credit score] range, which dramatically opens the footprint of customers who can buy from our dealers," said Jim Press, Chrysler co-president, in a conference call with reporters this afternoon.
Press said that Chrysler Financial has "virtually not been able to be active in retail credit in last 30 to 45 days at all."
Steven Landry, executive vice president for North American sales and service, said: "Dealers told us after December that not having Chrysler Financial cost us 20 to 25 percent sales. We could see a significant lift."
Press said the extra money does not mean that Chrysler will return to leasing, which was suspended suddenly last August.
Amber Gowen, Chrysler Financial spokesperson, said the loan is only for retail loans to customers.
Said Press: "This loan is securitized for the retail loans to customers buying cars. It has nothing to do with wholesale or capitalization of dealerships."
Vehicles included in the 0 percent programs include the Chrysler Town & Country minivan and 300 and 300C cars; Jeep Grand Cherokee, Commander and Wrangler SUVs; and Dodge Grand Caravan minivan, Ram 1500 pickup and heavy-duty trucks, and Charger, Magnum and Challenger cars.
Landry said Chrysler will launch advertising either Sunday or Monday "to let our customers know that things are alive and well at Chrysler, Jeep and Dodge."
The loan announcement came a day after Chrysler announced it was extending shutdowns at some of its factories by an extra week.
Based on its sales projections, Chrysler expects to use up the loan proceeds by March 31. That is the deadline for Congress to approve Chrysler's plan for viability under conditions of its $4 billion federal loan.
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Offline CHUCKS71

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #1 on: January 16, 2009 - 05:08:48 pm »
I sure could use a new Challenger R/T!
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Offline wally426ci

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #2 on: January 16, 2009 - 05:47:22 pm »
Holy Crap, this could finally land me in a new Challenger. I need to start researching.
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Offline MEK-Dangerfield

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #3 on: January 16, 2009 - 06:37:56 pm »
That's better than the deal they gave me!!

Should I trade mine in for 0% interest on a new one?   :naughty:

Mike

1970 Challenger - SOLD
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Offline jims70cuda

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #4 on: January 17, 2009 - 08:53:59 pm »
This is tempting...I might have to visit the dealership Monday.
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Offline MoparMan440

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #5 on: January 18, 2009 - 01:41:56 am »
This is tempting...I might have to visit the dealership Monday.

 :iagree: very tempting. Does anyone think they'll limited the Chally models ? I'm sure the SRT isn't included but do you think they would cut out the RT ? I see they listed the 300 and then the 300C. I thought that was weird. I don't think they would but it had me thinking.

Offline Jacksboys

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #6 on: January 18, 2009 - 03:12:53 am »
Hmmmmm......very tempting.
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Offline cudagirl4406pk

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #7 on: January 18, 2009 - 04:55:14 pm »
Omg this is killing me i want one this is killing me.
Yes i am a girl and no you cant drive my MOPAR :)

Offline carguybradd

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #8 on: January 19, 2009 - 12:27:24 am »
Hmmm, very interesting! I was hoping/planning to get a new Chally R/T myself in a year or so, but maybe I should explore the possibilities now... :sly:
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Offline macsdaddy

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #9 on: January 19, 2009 - 09:26:46 am »
Now, I will go to my stock account for the down payment...oh damn it, nevermind

Offline MoparMan440

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #10 on: January 19, 2009 - 03:48:20 pm »
Now, I will go to my stock account for the down payment...oh damn it, nevermind

LOL isn't this the sad truth.

If anyone goes I'll be curious to see what applies(car wise).

Offline Seth Jones

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Re: 0% financing on Challenger (and lots of other mopars) starting tomorrow
« Reply #11 on: January 20, 2009 - 10:33:27 am »
I'm pretty sure its 0% for 36 months and 2.9% for 60 months.