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Chrysler Expands No-Interest Deals to Reach More Customers, Increase Sales

September 13, 2006

The Chrysler Group has recently implemented a new zero-percent financing program to reach out to customers with poor credit, according to The Detroit News.

The Auburn Hills-based company began offering zero-percent financing for up to 72 months on Sept. 1 and recently began relaxing its credit standards. The promotion runs through Oct. 2.

Chrysler is trying to increase showroom traffic after months of weak sales. This year’s combined sales of Chrysler, Dodge and Jeep are down 9.7 percent.

New-car buyers who do not have superior credit scores are now eligible for zero-percent financing for up to six years on the 2006 Jeep Commander and Grand Cherokee, the Dodge Durango SUVs and Chrysler minivans.

Chrysler is also offering 1.9-percent financing for 60 months and 3.9-percent financing for 72 months on light and heavy-duty Dodge Ram pickups.

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