General Motors announced today that it is once again offering zero percent financing on select models. The deal includes
GM's large SUVs like the
Tahoe,
Suburban,
Yukon XL and
Hummers, although the discontinued Hummer
H1 and other cars, like the
Corvette and
Solstice, are excluded, according to the
Detroit Free Press. A lot of these are flex-fuel. GM's
website says that almost every 2006 model is on sale. The Freep also mentions GM's slow sales (down eight percent for the year), high
gas prices, and new incentives that GM's competitors are offering as reasons for the special sale. The zero percent financing will last customers up to 72 months, and the sale only lasts for 72 hours. Looks like GM
calculated that since a lot of customers have decided that GM's vehicles were not the right ones to buy, GM is trying to create a few snap decisions to buy in the next few days. We'll see if it works and if and how other automakers respond.
[Source: Detroit Free Press]
[Source: Detroit Free Press]
