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GM Offers Zero-Percent Financing on Select 2008 and 2009 Models

December 30, 2008

DETROIT – In an attempt to boost year-end sales, General Motors today announced financing deals of zero-percent APR for up to 60 months on select new cars and trucks. The reduced rate is available to qualified buyers through Jan. 5, 2009, on many 2008 and select 2009 vehicles.

Of note, many of the vehicles listed below have stackable bonus cash and/or dealer cash 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. With GM's Financing That Fits, and the Red Tag Sale now underway that offers supplier pricing, customers have an opportunity to get a variety of extremely attractive offers through the end of the year."

The year-end offer will hopefully help GM boost its December sales. predicts the Detroit-based automaker will sell 194,000 units in December 2008, down 39.3 percent compared to December 2007 and up 26.6 percent from November 2008.

GM's market share is expected to be 22.8 percent of new vehicle sales in December 2008, down from 23.1 percent in December 2007 and up from 20.6 percent in November 2008.

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