Chrysler now offering the ‘No Payment for 90 Days’ program

Article by Christian Andrei, on August 11, 2011

Those who buy a new Chrysler 2011 or 2012 vehicle can skip payments for the first quarter under the “No Payment for 90 Days” program. This offer includes any Chrysler, Dodge, Jeep or Ram product except for the new Fiat 500.

The program is officially a part of Chrysler’s annual summer clearance program. Industry observers believe that Chrysler and its other rivals should raise incentives so that the momentum could be kept going.

Chrysler became concerned that there are signs that indicate that U.S. economy may be heading for a recession. Chrysler also revealed that it is raising its givebacks on several new 2012 models.

The automaker offers cash of $500 on a Chrysler 200 sedan, $1,000 on a Jeep Liberty, $500 on a Dodge Avenger or Journey, and up to $1,500 on a Ram pickup. Chrysler is also providing a few deals on the 2011 models that were left.

The offer includes as much as $2,000 in cash on the new Chrysler 300 and Dodge Charger sedans and zero-percent financing on some models. This latest incentive program asks that buyers could finance only through Ally Financial.

It is offered only to those who qualify for the program but then, automotive lenders have become more lenient. It can be recalled that during the recession, loans were very limited. Typically, automakers announce deals when the model-year is almost up.

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