GM Raises Incentives Again
According to the Detroit News, just over halfway through a slow May, General Motors Corp. is once again upping the incentive ante on new cars and trucks with enhanced cut-rate financing and other deals.
The paper says the automaker is allowing customers whose leases on GM vehicles expire between July 1 and Jan. 2, 2004, to end their contracts early without penalty if they lease or purchase a new GM product between now and July 31.
Moving to reduce unusually high stockpiles of cars and trucks, GM also expanded 1.9 percent financing on six-year new model loans to include its entire lineup -- except for Cadillac, Chevrolet Corvette and Hummers. The deal runs through June 2, according to the paper.
GM's current marketing program offering five-year, no-interest loans on most models also expires June 2. And the automaker has distributed 300,000 coupons to employees that are good for discounts on GM vehicles.
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