Government Motors is offering buyers interest-free financing on some 2011 models after the company increased discounts and incentives to lead all major automakers’ U.S. sales gains last month." Isn't that great. Now, desperate car buyers who can't rub two dimes together, can drive to the local unemployment office in the luxury of their brand new Chevy, which are now offered at either 72 or 60 months of interest-free loans. And get this: GM raised discounts 12% from a year earlier to an estimated $3,732 per vehicle last month, the most among major automakers and 45% more than the average, according to researcher Autodata Corporation.
You got to love our federal government for giving all your "hard-earned money" to GM so those that can not afford a car can now drive one to the unemployment office. Bless you, my brother!
The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
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