Chrysler, where do we go from here?
May 4th, 2009 by gmoran
Now that the shoe has dropped on Chrysler, where are we headed? To Chapter 7 liquidation or to reemergence as a stronger company much like several airlines who ditched their debt through bankruptcy? Where do we, the consumers fit? These are all great questions in the upcoming months. There are bargains to be had for sure with acceptable models like Jeeps, the Chrysler Sebring, etc. We may be able to count on Obama Motors for the next couple of years but we might have these babies for longer than Term 1. I have a Jeep Grand Cherokee with a lease expiring early next year. Gee, maybe I can actually buy this for dirt cheap! The definition of cheap will depend on whether I can count on parts for the next several years. If I buy it, I will want to keep it as that second car that eventually we can use for transportation without a car payment. That’s where all that money you pay for a car gets paid back. But that also depends on a few factors: 1) the availability of parts, 2) the price of gas and 3) the price that what’s left of Chrysler Finance is willing to have me take it off their hands. I don’t think this is an uncommon situation for consumers.