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Thread: Government control at work......

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    Cane Pole's Avatar
    Cane Pole is offline Crappie.com 2011 Man of the Year Crappie.com Supporter and Member Sponsor
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    Default Government control at work......

    Looks like big daddy is directing AUTO TRAFFIC.

    The Wall Street Journal puts forth the case that the government's $5 billion lifeline to GMAC has given GMAC a competitive advantage compared to its rivals. After the taxpayer cash was received, GMAC dropped the required credit score to get a loan and began offering 0% financing on several models, and rates from about 1% to 6% on a host of others.

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    unreal
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    Brush Buster is offline Trophy King
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    Buy FORD
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    They gotta get some sales to pay it back...make sense to me unless I'm missing something?

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    popperonahead is offline Crappie Wall Hanger II
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    i will NEVER buy another gm vehicle.

    that new ford f150 looks pretty good.
    incognito....... here fishy fishy fishy

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    Cane Pole's Avatar
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    Quote Originally Posted by cook View Post
    They gotta get some sales to pay it back...make sense to me unless I'm missing something?
    Yep. Our tax dollars at 0% gets a lot of payback interest from GM and Ford gets an unfair playing field with finance. Makes sense to me too. Non-sense that is.

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