Zero Per Cent Financing Offered By Ford
Up until Labor Day, you can purchase a Ford vehicle with zero per cent financing for seventy two months. This was the main piece of news that the Ford Motor Company announced just very recently to the motoring public and to the automobile industry. Primarily, this move was done so as to sell out any remaining 2006 Ford vehicle models and in the process give way for the 2007 Ford line up.
If you have not yet heard, the Ford Motor Company has been suffering for several months now because of low and declining sales. Aside from that, the company is also suffering from loss of funds for they had just recently sent out a huge recall of several Ford vehicle models that were found out to be prone to starting fires. Of course, with that, the company would have to shell out huge amounts of money so as to replace any affected parts like Ford Granada parts as well as spending the money on people who would be doing the replacements and the testing of the recalled vehicles.
As per this new incentive program from the auto manufacturer from Dearborn, the company clarifies that this has been done not just for those customers who have excellent credit and live on the high end. Whitney Drake, one of Ford’s spokespeople, further explains that this program could be availed by anybody who is interested and simply has good credit scores. If you are interested, the zero per cent financing program includes 2007 vehicles models from the company like the 2006 Ford Lincoln as well as 2006 Mercury vehicle models. Also included in the list is the Ford F-series pick up truck which is one of the company’s best selling vehicles.
On the end of experts in the automotive industry, Paul Taylor, the chief economist of the National Automobile Dealers Association or the NADA, has his own analysis of the situation. He explains, “After a hot summer and moderate sales, expect hotter sales pace in Big Three trucks fueled by incentives, and some increase in fleet placements.” And this is exactly what Ford is doing.
About the Author: Jay Stevens works as a consultant for an established auto parts store in the country. He has expertise in automotive technology and has extensive knowledge on the auto parts industry.