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By Associated Press

April 1, 2003, 9:22 AM CST

DETROIT -- General Motors Corp. is offering interest-free financing for up to five years on all 2003 Buick, Cadillac, Chevrolet, GMC, Oldsmobile, Pontiac, Saab and Saturn cars and trucks.

The latest incentive salvo by the world's largest automaker comes as sales have slumped in North America and the major automakers have scaled back production plans.

GM's "Zero to Sixty" offer begins Tuesday and runs through April. GM also is offering cash rebates of up to $3,000 on most models.


The incentives are "our most compelling and simple offer ever," John Smith, group vice president for GM North America Vehicle Sales, Service and Marketing, said Monday in a news release. It applies to models, such as the Corvette, that have not always qualified for incentives.


A Ford Motor Co. spokesman cried foul after hearing about GM's latest round of incentives. GM launched a price war to prop up sales in the wake of the Sept. 11 terror attacks, and has kept up the pressure on its competitors since.

"We see our largest competitor, who has lost market share in five of the last six months -- while spending more money than anyone else on incentives -- throwing good money after bad," Ford spokesman Jim Cain told the Detroit Free Press for a story published Tuesday. "We really thought that when their management said they were looking for a new strategy, they were serious."

Ford's latest incentive offer, which features no-interest loans for three years on most Ford models, expires Wednesday. Cain would not say what the automaker will do next.

DaimlerChrysler AG's Chrysler Group's incentive, which includes $3,500 cash back and a 7-year, 70,000-mile powertrain warranty, also expired Monday night. The company likely will extend its current campaign, spokesman Marc Henretta said.

North American auto sales have slipped 3 to 5 percent since the United States attacked Iraq and could fall as much as 10 percent over year-ago levels, industry analysts said last week.

GM said before the war that it would cut second-quarter production by 10.5 percent. Other automakers followed with their own cuts.

Smith said weakening consumer confidence was a factor in the company's new offer.

"We believe it's the right time to lead the industry with this exceptional offer, which will jump start the spring selling season and give consumers more confidence to purchase a GM vehicle right now," he said.

Lynn Thompson, co-chair of GM's national dealer council, said the offer should be popular with dealers.

"I think it's a great package and it comes at a real good time for us all around the country," Thompson said.

In early trading on the New York Stock Exchange, GM shares were up 8 cents at $33.70, Ford shares rose 2 cents to $7.54 and DaimlerChrysler shares were down 43 cents at $28.88.
 
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Hmmm...I wonder If I could save montly payments by trading my 02 in for an 03 and getting ZERO percent financing on the 03 Z06????
 

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Re: Re: GM Announces Sweeping Incentive Offers

BIG LAW MAN said:
Hmmm...I wonder If I could save montly payments by trading my 02 in for an 03 and getting ZERO percent financing on the 03 Z06????
Now there is a thinker....
 
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I looked at it and I dont think its worth it. My payment would not get any lower, in fact it would rise a little bit. Not worth the trouble of getting raped on a trade in and having to retro-fit everything to stock form. Hell mine is still brand new with only 4200 miles on it and I dont like the fisher price looking 50th badges on the 03's. In addition, I would be another year set back from paying it off. Oh well...maybe I'll buy a new Cavalier for a winter beater instead.
 

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Does any dealer even deal on new Vets and Z06's in the Chicago area?

According to local dealers, mine is the wrong color, the wrong year, the wrong mileage.

Decided to keep it.
 

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Chalky said:
Does any dealer even deal on new Vets and Z06's in the Chicago area?

According to local dealers, mine is the wrong color, the wrong year, the wrong mileage.

Decided to keep it.
Try a different salesperson. When I went shopping for the Z06 got the same run around. It's the normal salesperson BS.
 

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ragvette said:
Try a different salesperson. When I went shopping for the Z06 got the same run around. It's the normal salesperson BS.
I think I would have a better chance of getting a deal on a Z06 in Chicago than Milwaukee. I actually bought mine for invoice in July 01 just before 02's came out. What I can't tolerate is the standard B.S. lines from salesmen. Of course, the dealer I bought from had a $10K market adjustment on all Z06's at the time. I actually went back last Fall and tried to trade for another 01 blk/blk Z06 with 5K miles vs. my 15K miles. They wanted $11K difference for the miles and the color adjustment. These people are f*#king nuts.

I sold cars years ago. An honest and straight forward dealer would be a welcome relief. Come to think of it, there was a Chevy dealer just inside the IL line that was very willing to deal at the time. maybe I should have bought from them. Around Waukegan I believe.

Sorry. Just venting.
 
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