Here’s a look at some recent auto loan programs:
Chrysler
Program: Summer Clearance, Aug. 4-31
Details: 0% financing for up to 72 months through GMAC Financial Services on select 2009 model vehicles, or up to $4,500 Consumer Cash to all consumers, even if they don’t have a trade-in. The program replaces Chrysler’s “Double CA$H for Your Old Car” incentive, which debuted July 22 and offered up to $9,000 toward the purchase of a new Chrysler, Jeep, or Dodge vehicle.
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Overseas, Bangalore, India-based Canara Bank has a new program, as well.
Details: For loans made after Aug. 1, the rate is 8.5% during the first six months and 9.5% during the next 24 months. For loans with 36-to-60-month terms, the rate is 10%. The interest rate applied to loans longer than 60 months is 10.5%.
