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Old 06-23-2008, 03:36 PM
 
Location: Stuck on the East Coast, hoping to head West
4,112 posts, read 9,711,834 times
Reputation: 8425

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Did anyone else see this? GM to offer 0% financing incentive, raise some '09 prices - Jun. 23, 2008

I drive my vehicles into the ground and currently have a 94 Explorer that I really think might be on its last leg. Usually I pay cash, but I'm thinking this sale could work for me--smaller vehicle and 0%??!! Who'd have thunk it?

Sure there must be a catch somewhere, but found it interesting nonetheless.
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Old 06-23-2008, 03:42 PM
 
Location: The Great State of Texas, Finally!
5,370 posts, read 11,046,121 times
Reputation: 2471
This is stupid. Of course, lots of American consumers will buy into this because after all, there is nothing like a gimmick to rack up some more debt.
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Old 06-23-2008, 04:21 PM
 
655 posts, read 758,004 times
Reputation: 240
Ford, GMC, and Chrysler could offer their vehicles for free right now and people still won't touch their crap.

I get so sick of the buy American crap when it comes to autos. I believe in this with all other industries. However, American autos have become more foreign then Toyota and Honda which now employe more American workers then GMC and manufacture more parts here then GMC too. GMC, Ford, Chysler are about to become dinasors. Watch and learn.........
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Old 06-23-2008, 04:33 PM
 
Location: Eastern NC
20,872 posts, read 18,771,453 times
Reputation: 18727
Did I read that right, in order to get 0% you have to forgo all other incentives meaning you pay full price to get it?
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Old 06-23-2008, 05:22 PM
 
Location: WA
5,472 posts, read 21,912,192 times
Reputation: 6157
Quote:
Originally Posted by trlhiker View Post
Did I read that right, in order to get 0% you have to forgo all other incentives meaning you pay full price to get it?
No, you just pass on the manufacturers rebate but you can still negotiate a price. I once negotiated invoice and still took 0% so it can be a good deal if the vehicle is what you want.
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Old 06-23-2008, 08:42 PM
 
48,509 posts, read 86,173,019 times
Reputation: 18105
That depnds on how much you plan on financing. Last car I bought it was cheaper to take the rebate as the amount even at 4.25% was cheaper than taking the1.9% financing.The rebate was only 1000 dollars but I would only have saved 800 dollars taking the financing offer.
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Old 06-23-2008, 08:43 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 21,901,138 times
Reputation: 3587
GM and Ford are basically just trying to keep plants rolling. They are not going to make any profit for a long time. They are almost giving vehicles away at this point just to keep the plants rolling because idle plants are more expensive for them (auto workers get 90% of their pay and all benefits while on lay off).
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Old 06-24-2008, 06:49 AM
 
Location: Apex, NC
3,067 posts, read 7,577,398 times
Reputation: 2546
I bought a GM Vehicle (Saturn Vue) in the summer of '06 when the economy was still relatively strong and I got a 0% loan for 72 months. Is this that big of news?
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Old 06-24-2008, 12:24 PM
 
Location: Bayside, NY
823 posts, read 3,423,292 times
Reputation: 387
Right now a lot of the car makers are really backed up with inventory on everything but the economical MPH cars and are willing to do just about anything to move those cars.
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Old 06-24-2008, 01:01 PM
 
Location: The Great State of Texas, Finally!
5,370 posts, read 11,046,121 times
Reputation: 2471
Until American car companies start making reliable, fuel efficient cars and stop putting out cr*p, they can expect more of the same. No gimmicks needed. Start making real cars and they'll sell. It's no duh!
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