If a car company offers you a choice of 0% financing, a discounted lease or a rebate, which are you likely to take?
What Jackson and AutoNation did was understand better than their competitors the root drivers of car demand: cheap financing and a short replacement cycle.
Boosted by yet another bout of cheap financing offers from Detroit, July car sales could set a record.
The auto industry selling rate now holds over 14 million in a firm used car market, low cost consumer financing and the aging car population.
This assumption was based on the stable underpinnings of auto demand--cheap financing by car companies (and by home equity loans) and a customary replacement cycle of three years.
The new measures include tax incentives, discounts on new cars which automakers agreed to in return for the tax relief and a reduction in reserve requirements if banks direct resources to car financing.
Fourgeaud, 32 and Kallio, 33, are also on the hunt for Series A financing, but potential investors will note that neither come from the world of car making, with Fourgeaud steeped in mobile and social media, and Kallio primarily a brand designer.
Ally Financial in Detroit, Mich. is introducing an innovative new-car financing program that allows owners to sell their vehicles back to Ally at a guaranteed price after 48 months.
Consumer credit is almost wholly covered within the bank credit data, as are most other types of credit that fuel short-term growth, so total bank credit provides a better idea of what is happening right now regarding home purchases, car financing, education loan funding and credit card use among other things.
He said his car was stopped after a meeting in Zurich with some business associates about a film financing project.
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