GM Down Payment Assistance for GM Financial Unsupported APR Contracts $1,000

Can someone explain this “assistance” to me? I understand it may not apply to a lease. Thanks

Not valid on a lease. Only on purchases

Yes, I may want to buy an equinox. I don’t have a current lease- and I
hope I can get a GM apr contract ( is that a competitive loan) and get
a $1000 credit.

It’s not a competitive loan at all. It’s one you’ll want to refinance within a couple of months to get a lower interest rate. Be prepared for 7%+ and make sure you calculate whether or not the interest will eat up the rebate. I did GM Financial financing in December and it ends up saving me like $450 once it’s all said and done