Clark Howard's Tips
Big 3 automakers rolling out great incentives and rebatesJune 25, 2008
The car market continues to take a beating, with the latest blow coming from a horrible sales month in June. Fitch Ratings, meanwhile, has downgraded Chrysler and GM -- citing weak sales and rising fuel costs, among other things.
Ford is also struggling with collapsed sales. The F1 Series is falling further down the list, and Ford is delaying a new remake because they can't sell the old ones. In short, any automaker that has had a heavy emphasis on unloved giant trucks and SUVs is hurting right now.
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CLARK'S TIP TOPICS
Find more consumer advice in Clark Howard's book, "Get Clark Smart" |
So what's a Big 3 automaker to do? Well, in the case of GM, they're offering sweeping rebates and great buying opportunities. Look for 0% interest on a 6-year loan and possible additional cash rebates.
Clark doesn't even like 5-year loansÉand here they're pushing 6-year ones! But here's the bottom line: If you are in the market for a new SUV or pickup truck, there's never been a better moment to buy one. You're also likely to steal great deals if you're looking at used vehicles.
One caveat: As Clark has mentioned before, you should try to get it in writing that your Chrysler warranty will be honored no matter what.
