Wednesday, June 28, 2006

GM to offer 0% for 72 months

Starting on June 29th and running for 72 hours only, General Motors will provide 0% financing for 72 months on every 2006 model in dealer inventory.  It’s not entirely clear if this is applicable to Hummer, but every other GM site seems to be carrying advertising about it.

If you need to do the math, 0% for 72 months equals out to $13.89 per $1000 financed and the nice part is that every monthly payment you make pays direct to principal.

It’s interesting to note that this 72 hour sale expires on July 5th, which, by my math, would make it a 144 hour sale assuming you’re using 24 hours in a day, which GM is apparently not.


UPDATE:  Autoblog reports that Cadillac, Hummer, and Saab 2006 models will offer 0% for 60 months during the sale period (that’s $16.67 per $1000 financed) and that even some 2007 models will receive 36 month 0% deals.

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