Tuesday, March 31, 2009

GM and Ford to offer incentives for buyers afraid of losing thier jobs.



In order to shore up thier car sales in the wake of a ressesion, Ford, as part of its new "Drive One" campiagn has offered to pay up to 700 dollars a month for up to 12 months for buyers who lose thier job. The offer applies to buyers of any new Ford, Lincoln or Mercury vehicle. GM has made a similar offer of up to $500 a month for up to nine months. Howver the offer wil be good for two years.


GM is also offering to protect thier consumers against the loss in their vehicles' value. If you want to purchase another GM vehicle later on but the GM vehicle you purchased today is worth less than the amount you still owe on it, Gemeral Motors will cover that difference, up to $5,000.