GM offering 0% financing for 7 years, deferred payments amid coronavirus outbreak

Ask the Hackrs Buy/Finance
63

Re: FCA vs Ford

All of them will end up cutting dividend but Ford has been Swiss cheese financially.

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64

There goes my hope to buy them low for a nice yield.

65

Weā€™re going to see a lot of this across many companies and industries

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66

jfc the furniture baron strikes again! That dividend (and bonus dividend) has been propping the stock price for a while.

When the board ejected Mark Fields, I sold everything, and donā€™t regret it. Alan Mulally saved them from the brink, only to end up back on skid row.

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67

Go from the chief engineer of the 777 to a guy that sells office chairs.

#Monolopymoney

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68

Received an email this morning about VW

Just Announced!! 0% Financing on all NEW 2019 & 2020 Volkswagen models for 72 months to all qualified buyers until 3/31/2020.
Even better, the 1st payment is not due for 180 days, thatā€™s half a year!!!

6 Likes
69

I know this is Lease hackr. But Im very intrigued to go for this. MY lease is up in 3 months and was going back and forth about leasing again or buying. GM offering 0% and no payments for up to 120 days. Im thinking about it. When it says for very well qualified buyers, im curious what those terms are.

70

Is it really 0% tho?

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71

Top tier, above 720 IIRC

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72

Here is the sad part. The people who should be taking advantage of these deals usually donā€™t have the credit to do them, they are always screwed.

73

I can see both sides. Some are simply irresponsible, and deserve their credit. Others were in a bind, got behind and are diligently trying to dig themselves back out of a hole due to unfortunate circumstance. Theyā€™re the ones that get shafted.

74

Yeah, the last girl that worked for me had a sub prime credit score. She originally signed a bad lease deal on Jeep, then turned that into a 84 month sub prime loan on a Challengerā€¦

1 Like
75

I was thinking that. I feel itā€™s a good opportunity for me. I feel bad Iā€™ve had family who have been laid off during this. But me personally Iā€™m still working cause Iā€™m still considered essential. Iā€™m amazed that I had two dealers today telling me to come in person. I get it but they should understand too

76

they should take this opportunity to do remote sign and delivery kind of thingā€¦

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77

Iā€™m going to call another sealer tomorrow and see what they say.

78

What state? A lot of states are closing non-essential businesses. so maybe it will be the last chance before everything gets locked down.

79

NJ. Iā€™m curious how much off MSRP they would go given being on the risk of closing.

80

NJ closing non-essential businesses most likely tomorrow.

all depends on the model. i am not sure how quickly youā€™ll be able to sign and take delivery. Good Luck!!!

81

The Sierra 1500. Or a Colorado id take either tomorrow if they can do a deal lol

82

Reminds me of the financial crisis all over again. Sales of new cars are going to collapse as the consumer is now king and they the little nothings!!