Close

    • GM offering 0% interest for 7 years and 120 days deferred payments to offset losses

      Well, finally some good news from the coronavirus pandemic. Obviously people are not buying cars and staying home right now but General Motors is getting very aggressive to boost sales. They are offering 0% financing for 7 years.


      Yes, 84 months. That also includes 120 days of deferred payments. This program goes into effect today.

      What cars does this apply to? It is not stated but let's hope the entire lineup. Furthermore, the offer only lasts until the end of the month but certainly it can be extended depending on how it is received.

      Maye now is the time to buy that new C8...

      Edit: Apparently this applies to all 2019 models so this includes remaining C7's.

      Source

      This article was originally published in forum thread: GM offering 0% interest for 7 years and 120 days deferred payments to offset losses started by Sticky View original post
      Comments 20 Comments
      1. Sticky's Avatar
        Sticky -
        I feel like this deal is so good I have to buy something.

        Not too many C7's left around me but a base with manual would be awesome. Where the hell do I find the garage space for it?
      1. nbrigdan's Avatar
        nbrigdan -
        Click here to enlarge Originally Posted by Sticky Click here to enlarge
        Where the hell do I find the garage space for it?
        Something has got to go and it's not the 911...
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by nbrigdan Click here to enlarge
        Something has got to go and it's not the 911...
        I wonder if my parents would notice another car in their garage?
      1. BLKROKT's Avatar
        BLKROKT -
        What a great deal. Would your parents notice two?
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by BLKROKT Click here to enlarge
        What a great deal. Would your parents notice two?
        Probably not if they are the same color.
      1. Roll up or pull up's Avatar
        Roll up or pull up -
        Great deal but I'm not done with 3 current builds yet
      1. Batman's Avatar
        Batman -
        That Camaro ZL1 1LE is really looking good!
      1. Sticky's Avatar
        Sticky -
        I hope Dodge and Ford are forced to match this...
      1. Batman's Avatar
        Batman -
        I read some place that Dodge is already offering $7K to $8K off the MSRP on the hellcats, including the red eye. If Ford does, I doubt they will do so on the GT500. The 'Coronapocalypse' killed new car launches for some vehicles - including the Porsche 911 Turbo S.
        When the 'Coronapocalypse' is over and if you know how to shop, one can get some really good deals! I had a smokin' deal on a brand new previous generation 911 turbo ordered to my specs, but I pulled out of the deal and decided to wait when I saw spy shots of the new 911 Turbo S. I never pay MSRP, so I'm curious to see what type of discount of MSRP I can get.
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by Batman Click here to enlarge
        The 'Coronapocalypse' killed new car launches for some vehicles - including the Porsche 911 Turbo S.
        I don't see how. It's not even going to show up until later in the year.

        Click here to enlarge Originally Posted by Batman Click here to enlarge
        If Ford does, I doubt they will do so on the GT500.
        I'll take 0% for 7 years on the GT350...
      1. Batman's Avatar
        Batman -
        [QUOTE=Sticky;836389]I don't see how. It's not even going to show up until later in the year.

        It might not be showing up until later on in the year but you can order the car now. It's already on the configurator, and you can build the car to your specs. The Coronavirus will definitely be affecting pre-orders and sales unless they have some type of incentives or are willing to deal.
      1. Batman's Avatar
        Batman -
        I'll take 0% for 7 years on the GT350...[/QUOTE]

        I thought you were all in for the supercharged and DCT GT500?
      1. Sticky2's Avatar
        Sticky2 -
        Click here to enlarge Originally Posted by Batman Click here to enlarge
        I'll take 0% for 7 years on the GT350...
        I thought you were all in for the supercharged and DCT GT500?[/QUOTE]

        If they offer 7 years at zero % I'm in for that too. Ford won't match GM though.
      1. Sticky's Avatar
        Sticky -
        Time to buy a truck?

        Click here to enlarge
      1. nbrigdan's Avatar
        nbrigdan -
        Click here to enlarge Originally Posted by Sticky2 Click here to enlarge
        I thought you were all in for the supercharged and DCT GT500?
        If they offer 7 years at zero % I'm in for that too. Ford won't match GM though.[/QUOTE]

        CDS market had Ford priced at ~45% probability of default on unsecured senior debt (iirc), I don't know if they can even afford to make these offers.
      1. Sticky2's Avatar
        Sticky2 -
        Click here to enlarge Originally Posted by nbrigdan Click here to enlarge
        If they offer 7 years at zero % I'm in for that too. Ford won't match GM though.
        CDS market had Ford priced at ~45% probability of default on unsecured senior debt (iirc), I don't know if they can even afford to make these offers.[/QUOTE]

        Ford is offering 0% for 84 months on 2019's now... Wow.
      1. nbrigdan's Avatar
        nbrigdan -
        Click here to enlarge Originally Posted by Sticky2 Click here to enlarge
        Ford is offering 0% for 84 months on 2019's now... Wow.
        I immediately eat my words. Holy $#@!! GT500? GT350R? $#@!.
      1. Sticky2's Avatar
        Sticky2 -
        Click here to enlarge Originally Posted by nbrigdan Click here to enlarge
        I immediately eat my words. Holy $#@!! GT500? GT350R? $#@!.
        GT500 starts as a 2020 I believe?
      1. nbrigdan's Avatar
        nbrigdan -
        Click here to enlarge Originally Posted by Sticky2 Click here to enlarge
        GT500 starts as a 2020 I believe?
        So just GT350s and Rs...which are amazing in their own right.

        https://www.cars.com/vehicledetail/d...8256/overview/

        58k...10% at signing would make this a $620/mo car before even negotiating on price? I'm jealous of the land of the free...we've got nothing going here yet.
      1. Batman's Avatar
        Batman -
        The GT350R looks good. I saw a vid of a GT350 putting down 900wHP with a Procharger on E85. Stock block.

        As far a my truck fetish goes, I'm waiting for Ford to offer the F-450 Super Duty in a Supercab configuration. I'll be all over this!