Wednesday, May 27, 2009
GM does it again.
I just noticed a banner ad for GM's Buick, Pontiac and GMC divisions. The ad offers ("to qualified buyers") on ("most 2009...vehicles) 0% financing for 60 months. That's five years.
Now one of those GM divisions, Pontiac, is already being eliminated and GM itself is facing bankruptcy. In other words, GM is at a "green banana" crossroads. As in don't buy green bananas, you might now be around to see them ripen.
Seriously, taking a five year bet on a General Motors vehicle is like painting your house with water colors.
Sooner or later, it's going to rain.
Posted by George Tannenbaum at 11:47 AM