They Told Me If Obama Was Elected He’d Make My Car Payments
Yep … houses to be paid for, now that pimped-out ride you couldn’t afford will be paid for too.
Ford, GM to cover car payments if buyer loses job
DETROIT – Ford Motor Co. and General Motors Corp. are offering payment protection plans to help reassure consumers who may be putting off buying a new car because of worries about losing their job.
The offers come as auto sales have been battered by the recession and tight credit, reaching their lowest levels in 27 years.
Ford said Tuesday it will cover payments of up to $700 each month for up to a year on any new Ford, Lincoln or Mercury vehicle if consumers lose their jobs. The program runs until June 1.
Hours later, GM said it will make a similar offer. GM’s new CEO, Fritz Henderson, said the company will make up to nine car payments of $500 each for customers who have lost their jobs through no fault of their own.
Customers must qualify for state unemployment to be eligible for the program. The program starts April 1 and runs until April 30.
Hyundai Motor Co. launched a program in January that allows buyers to return a vehicle within a year if they can’t make the payments due to a job loss or disability. The company said the program helped it avoid a double-digit sales decline last month, reporting a 2 percent slide.
Dearborn, Mich.-based Ford is also offering zero percent financing on certain Ford, Lincoln and Mercury vehicles.
“Consumers remain anxious about the economy and their own outlook for the future,” Ken Czubay, vice president of sales and marketing, said in a statement.
The announcements come a day after President Barack Obama said the government will back new car warranties issued by GM and Chrysler LLC, who have accepted federal assistance and are seeking more, to help boost consumer confidence about buying their vehicles.
Ford has not requested federal bailout funds.
Ford also said it would partner with its dealers to introduce a program that would help local charities affected by the economic downturn.
Shares of Ford fell 6 cents to $2.70 in morning trading, while GM shares dropped 18 cents to $2.52.
(AP)
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Typical bullshit! I wonder if she is still saying the same thing now.
I hope she is laid off and struggling to make her payments.
Typical Obongo voter. Total dependancy attitude.
There is nothing out there yet to suggest otherwise. Afterall, anyone, anything is now eligible for a bailout no matter how asinine the purchase.
That’s why I’m buying the Ford Mustang 500GT
Don’t have to worry about payments for a full year. [cue evil laughter]
The price of your next car just went up to cover this new cost!
I saw this press conference and I think Wagoner left after saying GM should go into bankruptcy.
That would seriously fuck the unions and Barry ain’t gonna let that happen. Any ‘tough talk’ outta Barry is ‘just words’.
Unless he’s dealing with non-terrorists.
I saw this press conference and I think Wagoner left after saying GM should go into bankruptcy.
That would seriously fuck the unions and Barry ain’t gonna let that happen. Any ‘tough talk’ outta Barry is ‘just words’.
Unless he’s dealing with the non-union terrorists.
There is your gov’t school education no dought in serious thought. Barry will make my electric bill payments too! Dumb Libtards
“Ford Motor Co. and General Motors Corp. are offering payment protection plans to help reassure consumers who may be putting off buying a new car because of worries about losing their job.”
This is JUST INSANE! This is exactly how we got to this point to begin with, unresolvable debt! This quest to re-inflate the debt bubble will be the straw that broke the camel’s back. See where our stimulus (taxulus for your kids) money is going? To fund this shit. More deadbeats with 620 FICO scores will buy cars and trucks they can’t afford, and hey, why not throw in 3-4 grand worth of useless bling wheels on the loan while you’re at it. Then Joe deadbeat can default and we all pay for it. This is restructuring? This is how GM becomes a viable company again? What a bunch of rediculous, entitlement minded fucking assholes.
They don’t deserve your business, or your tax money America, they deserve ridicule, scorn, and fucking bankruptcy, nothing more.
“deserve your business”
Are you speaking of the antiquated Capitalist concept of ‘customer’?
That concept is suffering the same fate as that of ’sister’ in China.
Yes, I mean they don’t deserve your good honest business either, even if you’re paying cash.
They don’t and won’t get it.
Especially Progressive Insurance, the founder is a major MoveOn financier.
Uh, and with what money are they going to make the payment for you?
Aren’t they asking for Billions already as they are strapped for cash, and now they have money to make the payments for up to a year?
Yeah right.