GM To Extend Interest-Free Financing
According to Reuters, General Motors announced on June 3 that it is extending its offer of interest-free financing for up to five years across most of its vehicle lineup.
According to the news agency, the new offers will be available through July 7, GM said, which added that it was also raising its offer of cash rebates on some 2003 models to up to $4,000.
Reuters added that GM's new incentives program was unveiled on the same day that automakers were expected to report that U.S. sales in May were roughly even with last year's results but down from a seasonally adjusted annual rate of 16.4 million in April.
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