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first ford, now chrysler? What did they think 0% APR would do??
What marketing guru decided to lower APR to 0%?
So, the big car companies decide to lower APR to 0% and what do people do? They all rush out to buy new cars. That wasn't enough so they atarted to give out cash as well. So now you get 0% APR free cash and even more people bought cars.
Now that everyone has new cars... there is no need to buy them anymore. A new car can last you at least 10 years if you treat it right. My truck is from the early 80's and I start it without the clutch and shift gears from 3rd to 4th without the clutch all the time. I run it without oil and the fuckin' thing is still running.
With no one buying cars and with automation becoming cheaper they lay everyone off. 42,000 people will lose their jobs between those two companies alone. I bet we'll be seeing more car manufacturer layoffs coming soon.
And with people out of work, how will they pay for their brand new cars?
I have the answer.
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