Chevrolet’s Labor Day Promo Offers 0% APR For 72 Months On Select 2016 Models
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Chevrolet has launched a 2016 Labor Day promotion that offers 0 percent APR financing for 72 months on select 2016 model year vehicles.
The offer is for “qualified buyers” and applies to the following vehicles:
- 2016 Chevrolet Silverado, including:
- 2016 Silverado 1500
- 2016 Silverado 2500HD
- 2016 Silverado 3500HD
- 2016 Colorado
- 2016 Spark
- 2016 Sonic
- 2016 Cruze
- 2016 Malibu
- 2016 Impala
- 2016 Equinox
- 2016 Traverse
- 2016 Trax
- 2016 Tahoe
- 2016 Suburban
- 2016 Camaro
- 2016 Corvette Stingray
- 2016 Corvette Z06
- 2016 Volt
Chevrolet does not list an expiration date. Check out full offer details here.
- Sweepstakes Of The Month: Win a 2023 Corvette Z06 Convertible. Details here.
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This deal is on every 2016 model Chevy Sells and the sale ends close of business September 9th.
Not the SS sedan !
I recommend going for it. I bought my 2009 Chyevy Equinox at zero percent for 60 months under GMAC (now Ally), and I still love that deal. BTW, Gm was going through the bankruptcy during the time I made my purchase.
Well, I am glad you like your deal (at 60 months), but IMHO, this is different b/c 72 months is a l-o-n-g time for a loan. Granted, I am sure many people plan on keeping their cars for 10+ years, but if you choose one that either a) you end up not liking as much as you thought you would (this has happened to me with a non-GM vehicle) and/or b) you regularly have to take into the shop (again, happened to me with a different non-GM vehicle), it can be real frustrating to be stuck with a so-so car, and a car payment, for that long.
I purchased my GMC Acadia with 0%/72 months (plus a small cash incentive) and while I have been happy with the vehicle, I’ll still never do that long of a deal again. It just plain stinks making a car payment for that long. If I can’t afford the vehicle I want, based on a 48 or 60 month loan, I’ll either just have to wait or find another vehicle.
To each their own, though. If it works for you, go for it.
The Chairman of the US Federal Reserve refuses to raise interest rates because the US Economy continues to struggle and is demonstrated by General Motors’ US vehicle sales down by 5.2-percent; but this could be partially explained by GM not having enough CUVs on the market as things would be as bad if Cadillac had a XT3 and XT7 available; thus, a 72-month Zero Interest is a necessary tool to try getting buyers into the showroom.
Part of GM sales being down is the fact they are cutting fleet sales and trying to push higher dollar vehicles resulting in higher profits per vehicle for GM. The brand average transaction price for a GMC is now over $45,000.
Instead of base model trucks being sold to fleets and cheap cars being sold as rentals they are selling $40k+ midsize trucks, $65k+ trucks, and $75k+ suvs.
Its a smart move by GM as the car market is becoming saturated and the volume of cars sold per year is reaching its peak.