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Ford offers 0% financing on SUV hybrids

Posted: Thu Apr 06, 2006 3:04 pm
by alicia-w
Ford Motor Co. on Thursday said it is expanding zero-percent financing to buyers nationwide on the hybrid versions of its Escape and Mercury Mariner sport utility vehicles.

The incentive on the gasoline-electric SUVs was offered last month in California and Washington, D.C., but was expanded effective Monday and runs through July 5, Ford spokesman Monte Doran said.

The offer is good on lease terms of up to five years, Doran said.

Ford added zero-percent financing for gasoline versions of the Escape and Mariner last month, Doran said, and is offering it on hybrids to keep the price of the hybrids about $3,500 above the traditional versions.

"We're really committed to making hybrids mainstream and also keeping hybrids affordable," Doran said.

In March, Ford sold 1,441 Escape hybrids, up nearly 17 percent from February and down about 8 percent from March 2005, Doran said, while 149 Mariner hybrids, which went on sale in October, were sold in March, up 38 percent from February.

The automaker also is setting up a hotline for its dealers to let them know what kinds of government incentives, such as tax breaks and other perks, are available to hybrid owners in their areas.



http://www.msnbc.msn.com/id/12189834/from/RS.4/

Posted: Thu Apr 06, 2006 3:20 pm
by gtalum
They have to offer 0% financing because they suck.

Posted: Thu Apr 06, 2006 3:22 pm
by alicia-w
how did i KNOW you were going to say that. my thoughts exactly!

Posted: Thu Apr 06, 2006 3:24 pm
by gtalum
:D

Great minds think alike. LOL!

Currently you couldn't pay me to buy ANY American car. I hope they improve before my new RAV4 wears out, because I'd like to come back to American manufacturers.

Posted: Thu Apr 06, 2006 3:25 pm
by alicia-w
your RAV4 will probably NOT wear out. my husband just traded in his 95 Toyota Tacoma (with 350000 miles on it) for a new one... Nothing really wrong with the old one, he just wanted new.

Posted: Thu Apr 06, 2006 3:28 pm
by gtalum
I got the RAV4 because at ~85000 miles my 2000 Lincoln LS was sucking up about $5000 per year in repairs. The payments on my RAV4 for a 3 year loan aren't too much more than that.

It also helps that the RAV4 is just as fast as the LS and uses a lot less gas. :)

Posted: Thu Apr 06, 2006 7:11 pm
by Tstormwatcher
The last american car I bought was in 1987, a dodge daytona and had nothing but problems. Got rid of it in 1990 for a nissan and never looked back. I now have a 92 4runner which I have owned since 94 and a 2002 Tacoma and they have both have never let me down.