The coronavirus pandemic continues to make itself known in the automotive industry as manufacturing and sales take a hit around the globe. With the possibility of a massive global recession looming, it appears that automakers are trying to find ways to move products as quickly as possible. If you have been on the fence about picking up something like the C8 Corvette, Chevrolet Camaro, Colorado ZR2 Bison, or the Chevrolet Silverado 1500, GM Financial might just have an offer that you can’t refuse.
General Motors announced on Monday that they will be offering 0% financing for seven years, along with four months worth of deferred payments for eligible customers with an A+ credit rating through the GM Financial arm. That’s a 24 month longer finance term than the company has recently offered, and it is hard to argue with a 0% rate. For those who do not qualify for the seven year finance deal, GM is still offering the payment deferment to customers who can qualify for the lower A1 credit rating.
The program is available on all Buick, Cadillac, Chevrolet and GMC vehicles, and is slated to run until March 31. A lot of people aren’t thinking about spending new car kinds of money right now, which is something the automaker is well aware of. With 2020 sales figures expected to take a nosedive compared to last year, incentives like this one might just be enough to convince people to come outside and head to their local showroom.
Say you don’t want to go to a GM dealer right now. And considering the health risks, you probably shouldn’t. But you don’t have to. With GM’s Shop Click Drive website, customers can finalize a vehicle sale on a Chevrolet, Buick and/or GMC without ever having to break from social distancing.
There is something to be said about the idea of going in and financing a new C8 Corvette at a 0% rate during the coronavirus pandemic. Going out for a drive is one of the things that the CDC says is still acceptable during this time of social distancing, so why not go and get yourself something that will bring a little joy into this very cautious time.
Just don’t go and put nitrous on the damn thing.