GM has 0% financing

http://www.gm.com/shop/currentoffers/

Nothing on the 08 Malibu yet.

For Chevy: Impala Silverado Tahoe Suburban

They've had it for a while now I think... especially on the trucks.

They're also doing 0% on the 2007 Vettes and rumor has it that if inventories don't change it may also extend to the 2008s before the 2009s even come out!

On 2007 vettes, not Z06

Nothing on the 08 Malibu yet.

Yet you can get 0% up to 60mos on the Saturn Aura. :p

Yet you can get 0% up to 60mos on the Saturn Aura. :p

You can also get those AWSEOME plastic wheel covers/hubcaps.

:D

Nick

Hmmm... if this is still the case in a year or so, I might have to buy a new car. :yes:

CTS-V for 72 months at 0%?

Not bad.

It is for the 07's though.

CTS-V for 72 months at 0%?

Not bad.

It is for the 07's though.

The new CTS is so much more car for the money than the old CTS that they'd have to offer me negative 5 percent for 72 months before I'd think about it.:p

If the interest rates keep dropping, I am hoping to see 0% for 72 months again......

If that does happen, it may actually be enough to get me to BUY my first vehicle in 6 years as opposed to leasing it.

We've done this for our last two new cars, both Pontiacs, and it's a great deal. Anytime you can borrow someone else's money for free, it's a good thing, especially for five or six years. The hardest part is resisting the temptation to put too money down just to get the note lower. If you do this, try to do it with NO MONEY DOWN to get the maximum benefit. :D

Is there anything for 0% for 72 months AND cashback/allowances? :D

Is there anything for 0% for 72 months AND cashback/allowances? :D


If THAT showed up on something I was interested in, I'd probably geta speeding ticket on the way to the dealership! :lol:

Aren't those deals usually 0% financing or XXXX$ amount for cash purchase?
So basically if you take the 0%, you are securing GM with that extra XXXX amount since even if you pay it off faster, your not saving anything on interest since the interest is built into the price.

no?

nope it's plain no interest. I bought a truck a couple years ago for 0% for 72

Seems like I am right, here is an exmaple of an offer

Cadillac CTS-V 0% Or $4000 cash allowance

Seems like I am right, here is an exmaple of an offer

Cadillac CTS-V 0% Or $4000 cash allowance

That's a rebate that would give you $4000 off the top - plus whatever else you can negotiate.

That doesn't mean you have to pay MSRP to get 0%, though. You're still free to negotiate your best deal with the dealer with a 0% offer.

Question about Cash rebate/allowance...Does the Auto company (i.e. GM, FoMoCo) pay the dealer that $4000 that is taken off the price?

I can see a dealer being like "Well, we are automatically taking $4000 off the price, so we can't afford to negotiate a lower price!" If they said this would the correct response be "No, you will receive that $4000 back from the auto company."

Yes the cash allowance is not from the dealer but from the manucfacturer.

0% is never true 0% since you choose between 0% or a cash back amount. Ususally that amount is the equal of getting the loan at 2-5% or more.

Difference beeing, if you take the interest rate, you end up paying less if you make faster payments or make a lump some payment.

With 0%, you are paying the interest in the price. So it is securing the lender the interest. No risk of you paying it off faster, even if you do, the interest is built in.

0% is never true 0% since you choose between 0% or a cash back amount.

0% is zero percent. If you take a zero percent loan, you will never have paid a penny of interest on the loan, period. Don't confuse customer cash with dealer negotiations. Just because you don't take GMs money doesn't mean you're paying MSRP.

Usually that amount is the equal of getting the loan at 2-5% or more.

Take the $4,000 cash on the CTS-V and your loan rate is 9.65%.

Difference beeing, if you take the interest rate, you end up paying less if you make faster payments or make a lump some payment.

This is true - but how many people really do that? People with that kind of dough will just buy the car outright.

With 0%, you are paying the interest in the price. So it is securing the lender the interest. No risk of you paying it off faster, even if you do, the interest is built in.

The interest is not "built in" you can still negotiate the price down on the car. You may not be able to take the "customer cash" (provided by GM) and get the offer, but that does not mean you can't find a dealer who will sell you the car at invoice, which is still a savings of thousands.

If you go with 0% for 60 months with no money down on the CTS-V the payment is $869 a month (and that's at MSRP, not figuring for any dealer negotiations). That equals, at the end of the loan exactly the sticker price of the car - $52,140

If you go with the $4,000 cash allowance, the payment is $1015.19 $60,911.40 - $8771 more even with a "free" $4,000.

0% financing is a great deal because it's free money. Period.

In this case, the 0% is the better of the 2 deals.

But, not beeing familiar with US rebates, has the CTS ever had a bigger rebate then 4000$? Probably none of you guys know this off hand anyway.

If you go with 0% for 60 months with no money down on the CTS-V the payment is $869 a month (and that's at MSRP, not figuring for any dealer negotiations). That equals, at the end of the loan exactly the sticker price of the car - $52,140

If you go with the $4,000 cash allowance, the payment is $1015.19 $60,911.40 - $8771 more even with a "free" $4,000.

0% financing is a great deal because it's free money. Period.

Your example is true at your given interest rates, however, for some buyers, a 3rd party loan could be at a much lower interest rate than GM's 9.65% In which case, taking the cash incentive may be the best way to go. That of course depends on the individual's ability to get a lower interest rate loan.
Also, if the buyer is not likely to own the car for the full length of the loan, then they won't be taking advantage of the full value of the 0% financing deal.
Also, the negotiated price for the car eats into the advantage for 0%

That being said, 0% is a better deal for the vast majority of buyers.

Your example is true at your given interest rates, however, for some buyers, a 3rd party loan could be at a much lower interest rate than GM's 9.65% In which case, taking the cash incentive may be the best way to go. That of course depends on the individual's ability to get a lower interest rate loan.
Also, if the buyer is not likely to own the car for the full length of the loan, then they won't be taking advantage of the full value of the 0% financing deal.
Also, the negotiated price for the car eats into the advantage for 0%

That being said, 0% is a better deal for the vast majority of buyers.

Auto loans are an extremely variable process, you're correct that there are a number of factors that go into the consideration, but 0% is still usually going to be the better deal unless you're putting a bunch of cash down.

Bankrate puts the average bank loan at 6.8 percent right now on a 60 month, so that would put your CTSv at 948.69 a month with the $4,000 cash back figured in. You'd have to put in another $4,000 down of your own money to equal the $869 payment offered by 0%. Some people may have that much to add in, and they'd certainly build equity faster which is a factor at trade in time, but considering that most American's are upside down in their cars it's probably not too many. And for the ones who can, they probably don't care.

I realize that the CTSv is kind of an extreme example here, there are "everyday" cars where cash back would likely offer the better deal. I think where the CTSv is unusual is that with these offers the car dips into a range where people who might not have considered them become interested.

Is there anything for 0% for 72 months AND cashback/allowances? :D

if you have a GM supplier discount ;)

John