Originally Posted by seph
Why can't Ford be like Mitsubishi?
you mean close to bankrupt?
i bet this program will be the equavilent to their "1 year, no interest no payment" deal, the dealerships told the buyers to refinance after the year to get a better rate, but the buyers found that refinancing wasnt an option after that year was up, because the cars they bought at 20k were only worth 1/4 of that, and they still hadnt made any payments on the 20k, so they were 15k in negative equity. thats the reason 75% of dealerships went under within a month of the year mark of the "no interest, no payment" deal.
the only reason mitsu is alive is that theyre not just a car company. selling cars is like 10% of the company, they make tv's, electronics, stored foods, etc. even if their car department makes 0 profit or negative, itll still never be closed.
though the 4g(06+) eclipse is starting to sell quite nicely. if that and the raider sell good, it could turn sales around and start bringing in positive sales. though selling free gas for a year isnt gonna help matters.