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Essay heading: Lee Iacocca
 
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Issue: Biographies
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Date added: November 5, 1999
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No of pages / words: 4 / 995
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During his time in the training program Lee had become less interested in the engineering aspect of the business and more in sales. He dropped out of the program to pursue areas in sales with the Ford Corporation. During his time at Ford Lee Iacocca came out with several very innovative purchasing concepts...
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One concept was the 56 for 56 payment plan. This payment plan would allowed the consumer to purchase a new Ford vehicle with a twenty percent down payment and a $56 monthly payment until the vehicle was paid off. This was one of the first payment plans that was structured to be affordable for the consumer...
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