GM raises financing on longer-term loans

Guilford, Dave
December 2003
Automotive News;12/8/2003, Vol. 78 Issue 6070, p41
Trade Publication
General Motors Corp. (GM) reduced its use of 0 percent financing on several 2004 models during the current round of incentives, according to GM data. The automaker continues to offer 0 percent on 36-and 48-month loans but changed 60-month loans from 0 percent to 1.9 percent. GM also raised the rate on 72-month loans from 2.9 percent to 3.9 percent. GM put the first incentives on the new Korea-built 2004 Chevrolet Aveo subcompact. It is offering $1,000 cash or loan rates ranging from 2.9 percent for 36 months to 4.9 percent for 72 months. GM also cut cash rebates on some 2004 and 2003 models.


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