GM returns to zero percent financing to move large vehicles

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]