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My New Favorite Commercial — GM financing deals

Source: http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog/0/0/my-new-favorite-commercial----gm-financing-deals
Posted on Wednesday, November 19th, 2008 | In Stocks to Watch
Contributed by: Nilus Mattive (http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog) -

Yet again, I have found a new favorite TV commerical. I saw it for the first time last night. It’s from GM, and it talks about how they really want to hook me up with a cheap loan on a new car. It goes on and on about my financing options (I only saw it once so I can’t give you more specifics).

Does anyone else find it ironic that the company is running ads like this while begging Congress for a massive loan to stay afloat?

Look, I realize that the company has to keep trying to entice consumers onto its floors (and out of their shell-shocked foxholes).

Still, the commercial is just one more painful reminder of the automaker bailout fiasco.

I mean, these guys were behind the industry curve for years. They produced inferior products. They threw caution to the wind. And now, like just about everyone else, they want more public money to “help them survive.”

Personally, I’d rather see us give money to innovative American car companies like Tesla. At least they’re looking ahead and trying to innovate. If anything can save the U.S. auto industry, it’s companies like that.

But if you’re still in the market for a new pickup now that gas is pulling back, by all means take advantage of those cheap GM loans while you can. Just be sure and discount the value of any warranty that comes with the vehicle! 

Last 5 posts by Nilus Mattive





About Nilus Mattive (http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog)

Nilus Mattive, a financial analyst at Weiss Research, is the editor of Dividend Superstars, a monthly publication and is also the editor of the company’s daily e-letter, Money and Markets. Formerly a senior editor of Standard & Poor’s The Outlook, the oldest continuously published investment newsletter in the country, he has written for a number of investment websites, including BusinessWeek and Individual Investor.

Mr. Mattive is the author of The Standard & Poor’s Guide for the New Investor (McGraw-Hill, 2004) and has appeared on the popular investment radio show, Traders Nation, to discuss his views on personal finance.

Mr. Mattive graduated cum laude from the University of Scranton.

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