2004-12-23 09:39 | fche blog enun-dorsals hey buddy, wanna buy another car?
Almost to the day of the very last loan payment on Big Yellow Car, GMAC (General Motors’ credit arm) sent us an offer to buy another new car. How tempting … or not.
It sounds like desparation on the part of GMAC, thinking that someone will actually bite on their “loan pre-approval” incentive, when that person is just finishing paying off a car loan. Do they want customers to think that a three-year-old vehicle is not good enough? Or that the old 0% interest rate promotion is still attractive enough to commit new acts of financial insanity? I decline.