The Industry's Leading Source For F&I, Sales And Technology

Top News

Chrysler Lowers Loan Rate for B-Credit Consumers

April 29, 2008

Chrysler LLC recently introduced a special 6.9 percent financing rate for people with B-tier credit, according to a news report from the Detroit Free Press.

With financial institutions tightening lending guidelines, the move is expected to help dealers finance mid-level credit consumers. Last year, people with B-tier credit could get financing at about 12 percent or higher, executives said.

So far this year, Chrysler’s U.S. sales are down 15.5 percent. The company now hopes that lower loan rates will help dealers move more vehicles, with company officials saying that consumers with B-credit shouldn’t be penalized because of the overall credit situation.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  



Volkswagen to Offer Carefree Maintenance Program for MY2009

Volkswagen of America, Inc. announced last week a no-charge Carefree Maintenance Program on its entire 2009 model line.