• Jun 27, 2006
The summer sales drive has begun and General Motors has made the first move. As we reported last week, GM has confirmed that beginning June 29th and lasting only for 72 hours, it will offer 0% financing on most of its vehicles for up to six years, which also happens to be 72 months.

Most Chevy, GMC, Saturn, Pontiac and Buick models will receive six-year long interest-free loans, while most Cadillac, HUMMER and Saab models will be limited to five years. Even the new 2007 Chevy Tahoe, Suburban, Avalanche and GMC Yukon will be offered with three-year interest-free loans. The only models excluded are the Chevy Corvette, Pontiac Solstice, Pontiac G6 Convertible, HUMMER H1 and medium duty trucks, according to the Detroit Free Press.

It's true that sales are down at GM and this new financing deal may improve them, but it's interesting to note the offer will only last for six days until July 5th. If it's as successful as last year's employee pricing, then we wouldn't be surprised if this deal or a similar one is continually extended until interest in it wanes.

[Source: GM, The Detroit Free Press via AutoblogGreen]


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    • 1 Second Ago
  • 8 Comments
      • 8 Years Ago
      I'm not sure this is a good thing, a bad thing, or an indifferent thing. It only lasts 72 hours, so I would want to question why GM is even going to bother with this... It seems more like a waste of time than anything else.
      • 8 Years Ago
      I don't care how many tricks the Manuf. uses. When they start makeing their cars in America again, then I my be interested in byeing them.I am not from Mexico or Canada.
      • 8 Years Ago
      This is a gimmick that will not produce results. Only the vehicles that nobody wants are available for 72 months. The popular vehicles are all excluded from any of these financing deals. Also, NOBODY gets an auto loan for three years. Your payment would be as high as your home mortgage! This is a crappy promotion that will bring very few into the dealerships. If you really want to sell these vehicles, offer 72 months on ALL GM vehicles, not just the crappy ones!
      • 8 Years Ago
      "GM has confirmed that beginning June 29th and lasting only for 72 hours,"

      +

      "it's interesting to note the offer will only last for six days until July 5th."


      =

      huh?
      • 8 Years Ago
      I've updated the programming of my price comparison site to report low rate deals and adjust the rebate accordingly. I'll upload the data tonight.

      At the same time, I'll start reporting employee pricing on Chryslers. So it'll be possible to compare the impact of these two different deals.

      http://www.truedelta.com/prices.php
      • 8 Years Ago
      The sale will only last 72 hours, you must take delivery of the vehicle by July 5th.

      If you want the deal you better not wait around.
      • 8 Years Ago
      Dee Clark:

      I think the thousands of employees, at GM's 70+ plants would disagree with your assertion that all GM cars and trucks are made in Canada and Mexico.

      GM's 3 or so assembly plants in Mexico that exports to the U.S. does not mean that all GM cars are imported.

      • 8 Years Ago
      I just bought a G6 GTP on this plan.. wife likes the color and look and its sporty but yet practical. its pretty straight forward. we took the total cost, divided it by 72 and thats our payment. not a lot really.