Everyone realizes that it is difficult to get credit for a large purchase in this economy.  In fact, many people have opted to hang on to their current cars and purchase used car warranties. To help with this problem, GM decided to team up with credit unions to offer car loans at a low interest to prospective buyers.  Chrysler is now doing the same.

Chrysler has found over 2,500 credit unions in Illinois, Arkansas, Kentucky, Indiana, Louisiana, Michigan, New Mexico, Mississippi, Ohio and Oklahoma that are going to participate in this deal, which will provide consumers with approximately $22 billion in car loans for auto purchases.  And, in addition to the cash back incentives and loans; consumers may qualify to get “Credit Union Member Cash” incentives that start at $500.  And customers should take note that the offer just requires people to finance their car purchase through the credit union; people don’t have to be members of the credit union in order to take advantage of the deal.  However, people do need to be a member of the credit union to get the extra bonus that starts at $500.

The deals are for Chrysler, Jeep and Dodge cars and will go from Dec.16 through June 30.  This will allow more people to get financing for cars and hopefully give Chrysler a boost.