Chrysler summer-long Employee Pricing incentive ends today and is being replaced by a good old fashion Zero Percent Financing deal. The new deal applies to all 2006 models, which means Chrysler is eager to reduce the inventory of its dealers to make room for a flood of new products it plans on introducing this year, including the Chrysler Sebring and Aspen that were given prices today by the company.
Chrysler now falls in line with Ford that announced last week it was going back to zero percent financing for six years as an incentive to lure customers back into the showroom. While Ford is willing to offer the deal to people with borderline credit, Chrysler is only offering its promotion to well qualified customers. For its part, GM is offering anywhere from $500 to $1,500 cash back on most of its models right now.
Both incentive deals by Ford and GM end after the upcoming Labor Day weekend, while Chrysler new zero percent financing deal will go on until Sept. 30th.
[Source: The Detroit News]