The auto industry is in trouble

[Hopperbin]

They are able to lend at 0 interest for 6 years 0 down. Most buyers will trade or sell that vehicle before it is paid off and most likely it will be worth less than the ballance owing after 3 years. I am guilty took the deal cause it was the best deal. I entered into 500 per month payments for 5 years cause had a trade and a very good quality new gm. I will not own this vehicle for 5 years so I will still be paying for it when I don't even have it just cause its 0 interest. Worse yet. what if I trade this vehicle off a third time before the 60 months are up. Scairy.

[Hopperbin]

Thinking about it I can afford it. But what about others? buying vehicles that will be worth less than the amound owing. Shit is going to hit the fan.

[dave4441]

This has been going on for 10 yrs!!

[Hopperbin]

Used to be able to pay cash and get a cash discount so as just as well deal with your financial institution that you normally deal with. OK new to me, how is it going for you in the past 10 years trading off before paying off the old vehicle?

[wd9]

There are GM vehicles made that are of
good quality?

[checking]

Should not be scary for you.

Unless you are on of these guys that can't mix their mineral rights money, with their farming money, with their surface lease money, with their off farm money, with their wife's job money, with their ..., just pay the bloody thing off like you agreed, and quit wondering.

[TOM4CWB]

NOW WE KNOW HOW GREECE, ITALY, FRANCE, SPAIN AND PORTUGAL GOT IN THE MESS THEY ARE IN!

wELCOME TO qe3 INFINITY!!!

[liberty]

Is your truck a farm vehicle? If so, consider it an investment since having a reliable, comfortable truck increases the productivity of your farm. Zero percent interest is a bargain that won't last long.

[farmaholic]

Hopper, How much is it if you pay cash. 0% interest is likely built into the price if you take the offer.

[bucket]

Better go one step furthur and add in the major ag equipment guys as well. Notice alot of new equipment is done the same way. John Deere, caseih etc all sell equipment to large farmers and they could be upside down on most of the deals quick.