DETROIT – The Big 3 auto manufacturers may have discontinued offering 0% interest loans as a regular part of financing deals, but that doesn't mean consumers have seen the end of this type of financing incentive. USA Today recently reported that General Motors and Ford are offering six-year, 0% interest loans on most 2004 models as a way to move inventory. GM's financing offer does not apply to Cadillacs, Saabs and Hummers, and Ford's promotion doesn't include the Thunderbird. Last month the Detroit Free Press reported that General Motors had an inventory of about 1.15 million vehicles. About 60% of that inventory was made up of 2004 models. Ford's inventory was about 790,000 vehicles of which 60% were 2004 models. Both automakers have already cut their production targets for the fourth quarter 2005.
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