GM to Pull Plug on 0% Financing

Ed Garsten writing for the AP reported that General Motors Corp., bucking moves by rivals, plans to end zero percent financing on remaining 2002 models after Sept. 3, GM dealers learned Thursday. After Sept. 3, GM will offer 1.9 percent financing for 36 or 48 month loans, and 2.9 percent for 60-month loans on all 2002 cars and trucks, except Corvette, according to a source at GM and dealers. Cash rebates of $1,000 to $4,000 on most 2002 GM models will continue to be offered, but rebates on full-size pickup trucks will be reduced to $2,000 on Sept. 4. GM will announce its marketing program for 2003 models after Sept. 3, a company source said.