Chrysler unveiled a 7.5% financing program.

The auto maker’s financing program for its 1985 cars and trucks was reported shortly after Ford Motor matched a 7.7% loan rate implemented last week by General Motors. Chrysler said that it would announce details of the program today but that the incentive program would include 7.5% financing and provide up to a $1,500 cash rebate on most 1985 model new cars and trucks. Ford’s program includes a $1,000 rebate on its slow-selling Merkur XR4Ti sports sedan. A $1,000 rebate also was announced for the Econoline Club Wagon. Rebates ranging from $400 to $750 also were announced for 14 other Ford models.