Illinois Car Dealer Sells Former PT Cruiser Rentals for $1

A dealer in Oak Lawn, Ill. has offered an incentive to get the five former rental PT Cruisers off the lot with an unusual promotion, reports the US News. If a customer buys a 2008 Chrysler Pacifica, he/she can get the 2008 PT Cruiser for $1.

The PT Cruisers, which normally run for $12,000 to $13,000, have about 10,000 miles on them.

According to CNN Money, floorplan loans, which car dealers take out on each new vehicle that is ordered from the automaker, become problematic the longer vehicles remain on the lot.

News reports indicate that sales for the Pacifica were down 90 percent in October compared to October 2007.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Job Finder: Access Top Talent. Fill Key Positions.

>