Chrysler has announced that qualified new vehicle customers will be able to apply for 0% financing for up to 60 months for a new Chrysler, Jeep or Dodge vehicle through Chrysler Financial which has gained access to $1.5 billion in loans from the U.S. Treasury Department. Chrysler Financial has received access for up to $1.5 billion in loans from the U.S. Department of Treasury’s troubled assets relief programme.
The funds, which became available under the Emergency Economic Stabilisation Act of 2008, will provide the necessary liquidity to support the company’s retail finance programme.
Chrysler has said that the affordable financing terms will be available on select 2008 and 2009 model year vehicles, and are effective immediately.
The company has said that 0% interest financing will be available, in many cases for up to 60 months, for the Chrysler Town & Country, 300 and 300C, Jeep Grand Cherokee, Commander, Wrangler, Dodge Grand Caravan, Charger, Magnum, Challenger, Ram Pickup and Ram Heavy Duty.
Jim Press, Chrysler’s vice-chairman and president, said: From both a customer and dealer perspective, it is exciting news that the Treasury Department is providing funding to Chrysler Financial. Now our customers, including those with scores in the 620 range, will be able to apply for affordable loans and our dealers will be more competitive in the marketplace.
