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SEARCHGeneral Motors Corp. is giving car buyers an opportunity to lock in low finance rates on new cars and trucks over the next decade.
General Motors Corp. is giving car buyers an opportunity to lock in low finance rates on new cars and trucks over the next decade.
According to The Detroit News, the program entitled "Lock ´n Roll" gives qualified customers the opportunity to buy a new 2005 GM car or truck and finance an additional GM model at the same rate. The Federal Reserve Board is scheduled to raise interest rates and possibly make it more expensive for automakers to offer no-interest or low-interest financing deals.
"If the Fed moves, it will be a wake up call for consumers that (interest rates) are not going to stay low forever," said Mark LaNeve, GM North America vice president of marketing and advertising.
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