UPDATE 1-With 6-year loans, Detroit takes a risk for sales

Newswire

(Clarifies interest rates offered by Ford in 2nd paragraph) By Justin Hyde DETROIT, Oct 31 (Reuters) - As cash rebates and interest-free loans for new vehicles show signs of losing their allure to nervous American consumers, automakers are starting to offer six-year loans, instead of the usual five, to lure buyers into car showrooms. In the latest escalation of Detroit's price battles, Ford Motor Co. earlier this month quietly began offering 72-month loans with interest rates ranging ...

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