GM Offers New Loans as low as 0% to Revive Sales

Strengthened by a $6 billion federal bailout, General Motors financing arm GMAC LLC, has not only resumed lending to customers with low credit scores in the U.S., but has also announced new reduced rate financing for up to 60 months on select cars and trucks. The rates that range from zero interest to 5.9 percent annually, are available to qualified buyers today through January 5, 2009 on many 2008 and select 2009MY vehicles (see the complete list after the jump). Many of the vehicles listed have can also be financed with cash rebated ranging from $500 to $4,250.

"We're very excited to offer this reduced rate financing through GMAC to encourage our customers to get back into the game," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "This enables even more qualified customers to finance through GMAC at their local GM dealership, and provides additional financing capacity with conventional and reduced rate APRs for our dealers to make sales."

2008MY vehicles and offers for qualified buyers:

• 0% APR for up to 60 months on '08 Chevrolet TrailBlazer; GMC Envoy; and Saab 9-3, 9-5, 9-7X
  
• 0.9% APR for up to 60 months on '08 Buick Lucerne
  
• 1.9% APR for up to 60 months on '08 GMC Yukon and Yukon XL; Chevrolet Tahoe, Suburban and Avalanche; Cadillac CTS, SRX, Escalade, DTS, STS and XLR
  
• 2.9% APR for up to 60 months on '08 Buick Lacrosse; HUMMER H2 and H3
  
• 3.9% APR for up to 60 months on '08 Chevrolet Equinox, Colorado Ext and Crew cab and Light Duty Silverado; Pontiac Torrent; GMC Canyon Ext and Crew cab, and Light Duty Sierra
  
• 4.9% APR for up to 60 months on '08 Saturn Astra and Sky; Pontiac Solstice; Chevrolet Corvette and Heavy Duty Silverado; and Heavy Duty GMC Sierra

2009MY vehicles and offers for qualified buyers:

• 3.9% APR for up to 60 months on '09 Chevrolet Cobalt; Pontiac G5; and Cadillac CTS
  
• 4.9% APR for up to 60 months on '09 Pontiac G6; Chevrolet Malibu, Light Duty Silverado and HHR; Saturn Aura; and Light Duty GMC Sierra
  
• 5.9% APR for up to 60 months on '09 Chevrolet Avalanche and Heavy Duty Silverado; and Heavy Duty GMC Sierra