GM ups incentives: zero percent financing for up to 60 months

General Motors is celebrating GMAC's decision to loosen credit restrictions by increasing incentives on many remaining 2008 models. Effective immediately, the General is offering 0% APR for 60 months on the 2008 Chevy TrailBlazer, GMC Envoy, and the entire Saab lineup. All GMT900 full-size SUVs and every member of the 2008 Cadillac lineup also gets a big-time incentive boost, with 1.9% financing available for 60 months. The rock-bottom deals come in addition to cash incentives of up to $4,250. GM is also offering financing as low as 3.9% on select 2009 models, including the well-received Cadillac CTS. Hit the jump to see GM's official list of available financing specials.

[Source: GM]

PRESS RELEASE:

GM Announces Significant New Loan Financing As Low As 0% APR for Up To 60 Months

DETROIT – GM today announced new reduced rate financing as low as 0% APR for up to 60 months on select new cars and trucks. The reduced rate financing is available to qualified buyers today through January 5, 2009 on many 2008 and select 2009MY vehicles (see list below). Of note, many of the vehicles listed below have stackable bonus cash and/or dealer cash ranging from $500 to $4,250.

"We're very excited to offer this reduced rate financing through GMAC to encourage our customers to get back into the game," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "This enables even more qualified customers to finance through GMAC at their local GM dealership, and provides additional financing capacity with conventional and reduced rate APRs for our dealers to make sales. With GM's Financing That Fits, and the Red Tag Sale now underway that offers supplier pricing, customers have an opportunity to get a variety of extremely attractive offers through the end of the year."

2008MY vehicles and offers for qualified buyers:

* 0% APR for up to 60 months on '08 Chevrolet TrailBlazer; GMC Envoy; and Saab 9-3, 9-5, 9-7X
* 0.9% APR for up to 60 months on '08 Buick Lucerne
* 1.9% APR for up to 60 months on '08 GMC Yukon and Yukon XL; Chevrolet Tahoe, Suburban and Avalanche; Cadillac CTS, SRX, Escalade, DTS, STS and XLR
* 2.9% APR for up to 60 months on '08 Buick Lacrosse; HUMMER H2 and H3
* 3.9% APR for up to 60 months on '08 Chevrolet Equinox, Colorado Ext and Crew cab and Light Duty Silverado; Pontiac Torrent; GMC Canyon Ext and Crew cab, and Light Duty Sierra
* 4.9% APR for up to 60 months on '08 Saturn Astra and Sky; Pontiac Solstice; Chevrolet Corvette and Heavy Duty Silverado; and Heavy Duty GMC Sierra


2009MY vehicles and offers for qualified buyers:

* 3.9% APR for up to 60 months on '09 Chevrolet Cobalt; Pontiac G5; and Cadillac CTS
* 4.9% APR for up to 60 months on '09 Pontiac G6; Chevrolet Malibu, Light Duty Silverado and HHR; Saturn Aura; and Light Duty GMC Sierra
* 5.9% APR for up to 60 months on '09 Chevrolet Avalanche and Heavy Duty Silverado; and Heavy Duty GMC SierraSource URL: http://automotivetrendnews.blogspot.com/2008/12/gm-ups-incentives-zero-percent.html
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