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Rebates, employee pricing, and 0% financing boosted sales but drained the automaker's cash reserves. The subprime mortgage crisis and high oil prices of 2008 caused the popularity of once best-selling trucks and SUVs to plummet. Automakers were forced to continue offering heavy incentives to help clear excess inventory. [90]
The financial mathematics behind the 0% finance scheme is somewhat complex, as the calculation differs with respect to the type of product and the country. [1] These deals are offered by finance companies or banks in conjunction with a manufacturer or dealer network. The schemes offer "zero percent" finance, where a customer pays for the ...
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. The Toyota Prius Plug-in Hybrid, released in January 2012, is eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh.
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From 2000 to 2007, one of the largest agencies – Moody's – rated nearly 45,000 mortgage-related securities [209] – more than half of those it rated – as triple-A. [210] By December 2008, there were over $11 (~$15.00 in 2023) trillion structured finance securities outstanding in the U.S. bond market debt. [209]
Studies have shown that the average per-unit finance cost can be higher when financing through a dealership than independent lenders. For example, one study found that the price increased by $674 when dealer financing was used, potentially due to additional products or services (an average of 4.63 add-ons per deal) in the financing package. [4]
The company was renamed Nissan Motor Philippines, Inc. (NMPI) in 1991. In September 2000, Yulon Motor Co. took control of NMPI from Nissan Motor Company. Since 2013, the brand has been under direct control of Nissan Motor Co, under Nissan Philippines Inc (NPI). In 2021, Nissan Philippines announced that it will shut down its Santa Rosa plant by ...