Toyota Readies To Extend 0% Financing Program

Toyota Motor Corp could extend an unprecedented offer of interest-free loans on most of its lineup but expects to be able to hold 2009 sales flat in a slumping U.S. auto market.

"We could," Toyota's North American sales chief Jim Lentz told Reuters on Thursday, when asked if the automaker plans to extend its zero-percent loan incentive beyond the November 3 expiry. "We will see how things are going."

Lentz, who sees the U.S. economy currently going through a recessionary period, said the $700 billion government bailout program would benefit the auto industry by helping improve U.S. consumer confidence.

"That will help improve the mood of the consumer and help consumer confidence, which is what drives our industry," he said.

 

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QuantumMatrix - 10/10/2008 12:52:32 PM

+3 Boost

ZERO percent....

0.00%

0to60 - 10/10/2008 4:17:03 PM

-5 Boost

great job! Now lets try your abc's!

QuantumMatrix - 10/10/2008 6:41:26 PM

+4 Boost

I tried to keep it short and simple for you slow learners.

QuantumMatrix - 10/11/2008 7:13:06 AM

+4 Boost

Yeah Huu, but there is a big difference between .9% and ZERO percent.

Karma is a bitch ain't she?? Always comes back to bite you in the ass..

truckman - 10/11/2008 4:03:31 AM

+4 Boost

My friends buddy had a new Tundra and it had so many problems he just gave it back! 0% isn't cheap enough for that vehicle.

QuantumMatrix - 10/11/2008 2:53:27 PM

+1 Boost

How? By using Millionaire Monopoly Money? Haven't you heard, Toyota Profits down 40% and it will miss it's lowered sales expectations.

Some truth pursuit...

QuantumMatrix - 10/11/2008 5:26:36 PM

+2 Boost

"Couple hundred billion in cash reserves"

That statement is not even worth commenting on.. LOL