@marty56 wrote:
Ford is doing it I think. Check their website.
Well, the carmakers are desperate to move metal right now, so I wouldn't be surprised to see them doing all sorts of stunts, some of which may end up as front page news a couple years from now when the chickens come home to roost. BEFORE the current credit mess default rates on auto loans were already rising because average loan terms are getting longer and longer which means more people are upside down. In my opinion, if you cannot afford at least a 10% down payment on a house or a 25% down payment on a car, you should not be getting that house or that car due to the risk of being upside down. Even better would be 20% down on a house or 50% down on a car.
I appreciate creativity in the arts and sciences but in financial matters I'm rather old school and right now very glad I've stayed away from any sort of slick financial wizardry!
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it