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GM offers 0% for 72 months sale

07/01/2009, 8:47 AM

By Andrew Ganz

In an effort to clear out inventory of its Pontiac lineup, as well as a few other brands, General Motors says it will offer 0 percent financing for 72 months from today until July 6 on many of its in-stock 2009 and 2010 models. The 72-hour sale will include popular vehicles like the Chevrolet Silverado and GMC Sierra, as well as the Pontiac G8.

GM says that most of the Pontiac lineup, including the G3, G5, G6 and Vibe, will qualify for the promotion, as will the Chevrolet Suburban and GMC Yukon XL, Chevrolet Impala. Most other GM products appear to qualify for 60 months’ worth of 0 percent financing.

The automaker also claims that, once the Cash for Clunkers legislation is finalized, it believes it will offer twice as many new car replacements as any other manufacturer.

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07/01, 8:51 AM

posted by:

Fletch

Somebody jump on a G8 GXP!

07/01, 9:18 AM

posted by:

S2L2SC

This might be worth looking into…

07/01, 9:46 AM

posted by:

SomeJerk

“The 72-hour sale will include popular vehicles..” and will be followed by another 72 hr sale.

07/01, 9:48 AM

posted by:

fishsticks

Since the tax payer is propping up GMAC the title should read “US Taxpayer offering 0% for 72 Months”. Ford was probably stupid to turn down taxpayer funds. They too could use government backed loans and offer below market interest rates.

07/01, 10:05 AM

posted by:

Borat

What I fail to comprehend is why GM has 2010 models galore, when nobody bothered to buy 2009? And we are in the beginning of summer, not even in September. It had to be a reason why they are so much SCREWED UP in the head.

07/01, 10:18 AM

posted by:

CADDY-V

I’ll take a G8 GXP in a heart beat.

07/01, 10:30 AM

posted by:

CADDY-V

and a Sierra

07/01, 10:34 AM

posted by:

JakeK66

I would say the Vibe is by far the best deal out of all this, since there isn’t much incentive on them anyway, this is a pretty big deal on that model. The G8 always has alot of money in rebates, so it a wash in terms of benefit, same as the rest of these in the offer.

@fushsticks – GM has to buy the loan down from the lender (GMAC is not connected to them as they used to be) – the lender doesn’t offer this, it’s the manufacturer offering this instead of a rebate. Get your facts straight or STFU.

07/01, 10:41 AM

posted by:

gta89mike

Which models of model year 2010 are out? To my understanding, the all new LaCrosse is just trickeling in and a few Vibes that will only be built through August. They will still be building 2009 models in August after their summer shutdown. How is this “2010 models galore”?

07/01, 10:47 AM

posted by:

johnnycanuck

“The automaker also claims that, once the Cash for Clunkers legislation is finalized, it believes it will offer twice as many new car replacements as any other manufacturer.”

Does that mean they expect to have twice as many qualified vehicles as anyone else or rather the lots will still be filled with inventory nobody wanted in the first place?

Perhaps the correct answer is ‘C’, all of the above.

07/01, 11:01 AM

posted by:

shaver

Johnny, I think their thinking is their are more rednecks that are chevy fans, then Toyota and Honda. Who has more gas guzzler clunkers then the rednecks? And rednecks dont want new fuel efficient B-class cars they want new trucks and SUVs that just barely qualify and Chevy is super strong in these.

07/01, 11:03 AM

posted by:

shaver

Call it the Nascar nation effect, its the same reason there is atleast 40 different country music awards shows.

07/01, 11:05 AM

posted by:

johnnycanuck

shaver, then they should tell Howie Long to amscray and bring in Larry the Cable Guy!

07/01, 11:13 AM

posted by:

gta89mike

Guys – comment all you want but get your facts straight. Chevy has better overall fuel economy than Toyota. The facts speak for themselves. A lot of biased foreign backers on this forum, but read the facts and realize everything you believe to be true about the foreign makes is not necessarily true.
http://www.automotivetraveler.com/index.php?option=com_content&task=view&id=305&Itemid=131

Shaver – “Chevy is super strong in trucks and SUVs that just barely qualify”? Looks like your “environmentally friendly” Toyota is the super strong manufacturer in gas guzzling trucks and SUV’s.

07/01, 11:21 AM

posted by:

RaineMan

Hmm… it may be time to go look at a G6 GXP or G8.

07/01, 11:27 AM

posted by:

mayer_ray_nagin

Just checked out the cash-out offer on this. It’s 0%-72 or $1500 on a G8.

$1500, that all? I buy everything cash and going by history I thought 0%-72 would translate to $5 to 6k in rebate given that 0/48 in that price class came to like 4k off.

One could argue that I could just go for the payments, but screw that – I hate payments on anything (that’s why I’m a cash guy). Am not locking into payments on a damned car. I’m the type of buyer most car companies want I think, but whatever – it’s a GM anyway.

07/01, 12:29 PM

posted by:

A4

Does this mean the Solstice is still selling well?

07/01, 1:24 PM

posted by:

idrinorbarsaku

paying cash for a new car(only new, not used) is about the dumbest thing you could possibly do with money! If you hate it that much, open a bank account just to have automatic payments going to the car payment!

07/01, 1:44 PM

posted by:

Ring-Taxi

So much for GM having the hottest products, right NEED MORE OIL?

07/01, 2:35 PM

posted by:

mayer_ray_nagin

idrin, believe me when I say I dont need financial advice from you.

07/01, 2:46 PM

posted by:

Other Man

NEED MORE OIL FOR GM, what happened? I thought GM had the best products that everyone wanted?

Seems to not be the case. Go cry now. In the meantime, I’ll have me a nice black G8 GXP. The chrome wheels are a bit much though.

07/01, 5:09 PM

posted by:

armstealer

Other Man- Apparently they do have the products everyone wants: “I’ll have me a nice black G8 GXP.”
Mayor-Ray- idrin is right you stupid ****, collect the interest on the 30k over the 6 years. It’s free money.

07/01, 5:13 PM

posted by:

gta89mike

GM has outsold every manufacturer every month this year. Every manufacturer is offering discounts because the market is horrible right now. GM builds vehicles people want – why else would they out sell everyone every month?

07/01, 7:14 PM

posted by:

Rafa LL

GM’s also one of the most bankrupted right?

07/01, 8:56 PM

posted by:

gta89mike

What does that matter? Are you saying Toyota should file bankruptcy so they can be number 1? GM was number one for 70 some years exept for last year and now they are on track to be number 1 again. They build cars people want, regardless of what the foreign lovers say or what the government says. And they are more fuel efficient than Toyota.

07/01, 9:26 PM

posted by:

teahead

CTS-V…ya!

GXP will do ok as well…too bad no nav.

07/01, 9:54 PM

posted by:

idrinorbarsaku

armstealer,
some people just don’t understand. Sucks for them! I have been earning enough interest each month to 350 dollars of my passat leaving me to only have to pay the remainder of 14 bucks! Thats like getting a new passat for 14 bucks a month!! Obviously, my dad has contributed to this savings amount. You have to be brain dead to not understand that that is the smart move/way to do/go if it’s possible for you. The same thing can be done with vacations. Put in 15k and at the end of the year, you will have enough money to buy a round trip ticket to BVI for 3, enough money to stay 2 weeks while renting your own boat, and eating all the crabs you can stuff in your mouth!. It’s common sense!

07/01, 10:01 PM

posted by:

idrinorbarsaku

and car dealers don’t want you because of your “cash”, they want you because a person who pays with cash actually has less leverage when something goes wrong. With a loan, your loan provider is also on your side if something were to happen. With cash, you are on your own. They can get away with a lot more and you will never even know!

07/04, 9:39 PM

posted by:

ivob

I think that they should keep Pontiac and get rid of Buick instead, because is and old farts car brand.

 
 
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