yeah Mitsu is getting creamed on that 0/0/0 stuff. They discounted the cars, then gave them away to anyone for nothing down, nothing to pay for a year. So any kid out of highschool with a job could drive a new car for what seemed like Free. great, sales boomed.

I think a lot of people went for that BUT when the the payment book came in the mail after that year, they just turned the car over to the bank. So mitsu has a gazillion of its cars that were already discounted, then beat for a year without a penny ever having been paid on it. So they are worth almost nothing, they had nothing paid on them and now they cant sell them.

Even if you DID keep the car, you would be a year+ behind in equity and almost never owe less than it was worth until maybe the last year or 2 of the loan since the car depreciated like a rock but you never paid a penny on it to reduce the loan ammount. Its a great in the short term, until you get that payment book. People today want something new every 2 years if they can wait that long. (me included). Keeping that car 6 years to pay off the 5 yr loan is almost a death sentence. LOL

Wonder how many millions $$$ in severance pay the rocket scientist got for coming up with that scheme.