Just seen this in the news.

[boh347]

GM Financial is offering 0% financing for seven years – two years more than recent programs – and four months deferred payments for those with A+ credit.
The new programs come as many expect the COVID-19 pandemic to significantly impact U.S. auto sales.
Ford on Monday announced a program giving customers who buy new vehicles the option to delay their first payment for 90 days.

[TxSon1836]

7yrs on a vehicle..... That's crazy


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[AntlerCollector]

7yrs on a vehicle..... That's crazy


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Why if it’s free financing?

Sounds like a good deal for folks that don’t want a new vehicle every couple years.

[TexasBob]

Why if it’s free financing?

Sounds like a good deal for folks that don’t want a new vehicle every couple years.

This plus gap coverage and it’s a no brainer. When ford offers the same deal on a F250 there will likely be one in my drive.


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[Spearchunker]

No...dont say its sooo. no I dont need to trade , but crap 0% money again?

[Charles]

Why if it’s free financing?

Sounds like a good deal for folks that don’t want a new vehicle every couple years.

Nothing is ever FREE.

7 years...this will cause an "upside down" pandemic like never seen before.

[boh347]

I wonder if it’s 7 years or up to 7 years?

[M16]

The interest has been added to the price you will pay. When will people understand there is no free lunch.

[150class]

This plus gap coverage and it’s a no brainer. When ford offers the same deal on a F250 there will likely be one in my drive.


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This is when it gets tricky for me also lol

[boy wonder]

The interest has been added to the price you will pay. When will people understand there is no free lunch.

True. Will the price be the same if you write a check or finance?

[7sdad]

Will they last 7 years?

[trozy55]

Having trouble to see how this could be a bad thing. If the price of the vehicle is the same as it was last month how are they adding it to the price. If you cant pay off the vehicle in 5 years then don't buy. I don't see how its not a interest FREE loan. If you can take advantage of it than you should!

[Neck]

https://www.cnbc.com/2020/03/16/gm-offers-0percent-financing-for-7-years-delayed-payments-amid-coronavirus.html

[TreyRo]

I wonder if it’s 7 years or up to 7 years?

Probably up to... but why would it matter? (just curious)

[boh347]

Probably up to... but why would it matter? (just curious)

Well if you wanted to trade it off in a few years and did a lower note you’d have some equity in it.


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