Toyota Zero Percent Finance Deals Ending Nov. 30
Toyota Motor Corp. announced on Nov. 8 that it plans to stop offering zero-interest auto financing deals in the United States at the end of November.
Zero percent and low-interest loans have created an industry price war as auto manufacturers work to restore consumer confidence in the wake of the Sept. 11 terrorist attacks.
General Motors Corp. fired the first volley in the battle, with others in the U.S. market soon joining the melee.
GM, Ford Motor Co. and the Chrysler side of DaimlerChrysler AG have all announced their intentions to offer the loan deals until mid-November.
Toyota and Mitsubishi Motors Corp have announced they will offer their deals until the end of November.
Toyota offers the deals on only three older vehicles -- the Tundra pickup, Corolla sedan and the 4Runner sports utility vehicle.
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