(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 ...
Premium Content (PAID Subscription Required)
"UPDATE 1-With 6-year loans, Detroit takes a risk for sales" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.