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GM Offers Zero-Percent Financing
Cash for Clunkers has great popularity and its funds are thinning out very quickly. President Obama was delighted to hear this news and signed a document which allows extending the program with additional $2 billion in funding.
General Motors has found a good way to attract the customers with old vehicles to trade them in with GM fuel-efficient autos: the manufacturer offers zero-percent financing for up to 72 months if the purchased vehicle goes under the Cash for Clunkers program. The offer has a short term: it runs till August 31 only.
GM spokesman, John McDonald said that only one 2010 vehicle qualifies for zero-percent financing: this is Pontiac Vibe. He also specified that neither Chevrolet Corvette nor 2010 Chevrolet Camaro will be sold with zero-percent interest rate. However, many 2008 and 2009 models are welcome in the program, for example, 2009 Chevrolet Aveo and 2009 Chevrolet Silverado. In fact, with the rebate and no interest the brand new Aveo can be purchased for only $7,000 with $110 monthly payments. Not bad at all!!!
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