Fiat Chrysler Automobiles NV (NYSE:FCAU) Offering Zero Interest on Cars This HolidaySeason
This holiday season, Fiat (NYSE:FCAU) will be offering a deal which gives the customers an opportunity to buy a car at zero percent loan for 84 straight months. The deal will be offered in certain Midwest states such as Missouri, Wisconsin etc. The deal is applicable to three models: the Fiat (NYSE:FCAU) 200, 2015 Fiat (NYSE:FCAU) Town and Country and 2015 Dodge Grand Caravans. The deal is expected to extend to other cars too.
This deal is one of a kind deal in the market right now and is expected to boost Fiat (NYSE:FCAU)’s revenue significantly. The deal will be offered from 1st December, extending to three states of the Midwest. The reason this deal is extraordinary is because usually in order to take a loan for a car your credit has to be good enough, at least 720 or above. With this deal, customers will come pouring in which ultimately will benefit Fiat (NYSE:FCAU).
The company has strategically limited the deal to its latest models in order to enhance their popularity and sales with the customers. It is way better than the usually offered 60-month term deals in which at the end you get to pay 363.54 dollars which means you’ll be coughing up a hundred dollars more than what you’d have to pay for the 84 month deal. The deal Fiat (NYSE:FCAU) is offering, at the end you’ll have to pay 277.52 dollars max.
Its best that customers use their own research and settle for a deal that strikes their fancy but for our money, it doesn’t come any better than this.Fiat (NYSE:FCAU) is clearly looking to make big on the holiday season because the automobile market is squeezed with competition. Only the veterans in the market are making it big while the rest are just subsisting following the lead. In such circumstances such deals can be luring for the customers and quite significant for the companies.
Fiat (NYSE:FCAU) is expecting a substantial rise in sales during the holiday season. Although, we’re not quite sure whether automobiles are something customers look for in the holiday season. But a deal like that, it’s bound to attract customers and that too in bulk.The time span- 84 months- is what will attract the customers. Fiat (NYSE:FCAU) has constructed a great deal eliminating interest for a long period of time, putting customers at ease.
Now they can buy the latest vehicles Fiat (NYSE:FCAU) is offering and that too without worrying about their finances running out. Fiat (NYSE:FCAU) offering the deal on new models also means that the company is desperate to make some sales. In that regard this time of the year will be a great opportunity for the company to post some major numbers because prices are about to go down all around; only the finest deals will stand out.
Only the safest deals will be approached by customers because buying an automobile is a big decision as compared to buying electronic appliances and gadgets.