US rate rise may not alter zero-interest car loans


By Poornima Gupta DETROIT, June 18 (Reuters) - U.S. interest rates may be about to go up, but don't expect interest-free car loans to go away, even though it will cost Detroit's Big Three millions of dollars to keep offering them. Zero-percent financing, which has hooked consumers for almost three years and is credited by some analysts with keeping the economy afloat during the lackluster U.S. recovery, is a costly incentive. Automakers currently take a hit of $3,000 to $4,000 per ...

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