Chrysler Pays Off Government Loans

[Dmace]

Chrysler Pays Off Government Loans - PickupTrucks.com News
Granted they paid off a loan with a loan but it's step...

 

[houstonscott]

They didn't pay off anything, they still owe billion of dollars, at that rate it will be 40 years before its, "paid off".

HS

 

[tractorboy5500]

They didn't pay off anything, they still owe billion of dollars, at that rate it will be 40 years before its, "paid off".

HS

The key word is Goverment Loans.

 

[Diamondpilot]

That is great.:thumbsup: Now if the other one would pay off the loans they have and we could get this economy turned around this country could start rebuilding.

Chris

 

[Scooby074]

Colour me surprised.

Never thought i'd see the day.:thumbsup:

Maybe the future isnt as dim for Chrysler as i had thought.

 

[Dmace]

They didn't pay off anything, they still owe billion of dollars, at that rate it will be 40 years before its, "paid off".

HS

As opposed to that other car company that has no debt at all...

 

[2manyrocks]

That's not a payoff. That's a refi with another lender.

 

[tractorboy5500]

That's not a payoff. That's a refi with another lender.

Again, Key word, Goverment loans,:confused2: Who wouldnt finance for a better rate.

 

[Dmace]

That's not a payoff. That's a refi with another lender.

Amazing how many people don't get this, it really doesn't matter HOW it was paid off. The point is, Chrysler no longer owes money to the US Government. Their debt to the US taxpayers was paid with interest.

If someone has $8k in credit card debit at 20% interest and refinances their house at 5% to pay it off, they PAID OFF the debt to the credit card company. It doesn't matter where the money came from.

 

[Raspy]

Amazing how many people don't get this, it really doesn't matter HOW it was paid off. The point is, Chrysler no longer owes money to the US Government. Their debt to the US taxpayers was paid with interest.

If someone has $8k in credit card debit at 20% interest and refinances their house at 5% to pay it off, they PAID OFF the debt to the credit card company. It doesn't matter where the money came from.

Exactly. But so many are determined to be mad about government loans. Sometimes the facts just get in the way of a good rant. :laughing:

They paid their government loan and turned it into private debt. Private investors now see them as a good risk. They are making money and building cars here. Cool. What part of that is a problem? We can still go buy a genuine Dodge truck with American axles and a Cummins diesel engine in it. Seems to me it proves that they were worth the risk to the taxpayers and many workers remained employed because of it.