tag:blogger.com,1999:blog-5465015914589377788.post1053034185470408030..comments2024-02-17T11:07:06.232-05:00Comments on Michael James on Money: GM Extending No-Interest Car Loans to 6 YearsMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5465015914589377788.post-20492524903855737412008-06-24T20:21:00.000-04:002008-06-24T20:21:00.000-04:00I was just thinking about this exact same thing to...I was just thinking about this exact same thing today while watching an ad on tv. 0% financing on automobiles, do they jack up the price or hit you with restrictions? Or is it just a sign of desperation to move product? Thanks for pretty much confirming my thoughts on this, nothing comes for free.Jim Somervillehttps://www.blogger.com/profile/08438509407388777099noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-86315797412616006552008-06-24T13:51:00.000-04:002008-06-24T13:51:00.000-04:00Larry: Thanks for the kind words. I wasn't able ...Larry: Thanks for the kind words. I wasn't able to find information online to confirm whether GM has kept nominal prices the same (thereby effectively lowering the real price), or whether they increased the nominal price to keep the real price constant. <BR/><BR/>The Bloomberg article I pointed to in my post includes the following:<BR/><BR/>"GM also will raise prices on several 2009 models by about $1,000 each, or an average of 3.5 percent, because of materials costs, currency exchange rates and new technology."<BR/><BR/>It's not clear to me whether this increase will apply to the models that will be offered with a 6-year "no interest" loan.<BR/><BR/>I'll have to leave further digging to real reporters, like yourself.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-34940590765869508862008-06-24T13:25:00.000-04:002008-06-24T13:25:00.000-04:00MichaelGreat post. Wish I had thought of it a topi...Michael<BR/>Great post. Wish I had thought of it a topic for my blog. When I heard the news, I thought GM was perhaps desperate enough to move inventory that they were actually giving customers a break. Is there data – e.g. prices before and after the offer, etc. – to confirm?Anonymousnoreply@blogger.com