GM extends interest-free loans on SUVs

DETROIT, Dec 5, 2002; Reuters reported that General Motors Corp. said it would offer new interest-free loans on several models of sport utility vehicles, after a plunge in its U.S. market share during November.

The world's largest automaker, stepping up Detroit's long-running price war, said it was adding four-year and five-year zero percent loans on 13 SUV models. GM already offered three-year interest-free loans, but had charged some interest on longer-term deals.

GM also added a $1,000 rebate to a number of car and truck models, in addition to any rebates or interest-rate deals already offered on the vehicles.

The move comes after GM's market share in November fell to 25.2 percent, thanks in part to aggressive incentives from Ford Motor Co. and DaimlerChrysler AG's Chrysler arm

-->

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/