View Poll Results: Income vs Purchase
Household makes less than 50k a year cant purhcase a new Camaro.
12
7.69%
Household makes less than 50k a year CAN Purchase new Camaro.
18
11.54%
Household makes less than 75k a year Cant Purchase a new Camaro
16
10.26%
Household makes less than 75k a year CAN Purchase a new Camaro
31
19.87%
Household makes less than 100k a year Cant Purchase a new Camaro
16
10.26%
Household makes less than 100k a year CAN Purchase a new Camaro
17
10.90%
Household makes less than 125k a year Cant Purchase a new Camaro
3
1.92%
Household makes less than 125k a year CAN Purchase a new Camaro
14
8.97%
Household makes less than 150k a year Cant Purchase a new Camaro
2
1.28%
Household makes less than 150k a year CAN Purchase a new Camaro
27
17.31%
Voters: 156. You may not vote on this poll
2010 Camaro Price vs Household Income Poll
01-06-2009 | 03:38 AM
#61
Registered User
Joined: Nov 2004
Posts: 14
No problem!
It's not mentioned in that article, but in the full letter to dealers GMAC also specified that they will no longer finance more than invoice:
In the short term, we will limit auto contracts to those consumers who have a minimum 700 credit bureau score, with an advance rate equal to or less than dealer invoice. This means that consumers will be required to make a down payment.
That means no 0 down and no negative equity trades.
In the short term, we will limit auto contracts to those consumers who have a minimum 700 credit bureau score, with an advance rate equal to or less than dealer invoice. This means that consumers will be required to make a down payment.
That means no 0 down and no negative equity trades.
GM quit being a car company for so many years to be a financial one, and now look at em.........
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