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0 % financing for 72 months

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Old 11-22-2004, 11:42 AM
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MacMulkin
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Default 0 % financing for 72 months

did you know that gmac is offering 0 for 72 months. macmulkin chevrolet has cp, conv, and z06 ready for delivery ask for tommy jr
Old 11-22-2004, 12:00 PM
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screw991le
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Lock and roll baby. To bad I don't need a new car or truck.
Old 11-22-2004, 01:02 PM
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Great deal if you are in the market for a new car. The 0% for 72 months is on '04's as I understand it.
Old 11-22-2004, 01:27 PM
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123Gone
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Plan on keeping your car for at least 3.5 to 4 years. You will most likely be in negative equity territory for that long.
Old 11-22-2004, 02:02 PM
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Originally Posted by 123Gone
Plan on keeping your car for at least 3.5 to 4 years. You will most likely be in negative equity territory for that long.
That depends solely on the size of your down payment.

OTOH, it might make more sense to finance 100% of the purchase at 0% interest and invest the lump sum you would have used as a down payment in something safe but fairly liquid, so if you do have to sell you can pay your way out of the bucket.
Old 11-22-2004, 02:33 PM
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SimonStern
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Originally Posted by MacMulkin
did you know that gmac is offering 0 for 72 months?
Yep, that's how I got my CE Z06!
Old 11-22-2004, 02:35 PM
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Old 11-22-2004, 09:07 PM
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jmrc5
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Originally Posted by 123Gone
Plan on keeping your car for at least 3.5 to 4 years. You will most likely be in negative equity territory for that long.
Anybody know what a used '04 would go for today? I checked Kelley Bluebook for mine and it seemed high - about 36k in trade and 41k retail.
Old 11-22-2004, 09:42 PM
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92BlackRoseconv
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Used 04 coupe with low miles would sell for 37k retail trade in of made $ 33- $ 34
Old 11-22-2004, 09:53 PM
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92BlackRoseconv
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According to GMBuyPower.com, GMAC is not offering 0% for 72 months anywhere in the country. they are offering it for 60 months and 1.9% for 72 months
Old 11-30-2004, 04:49 PM
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yes they are. it didnt come out at the start of the month, but is now available on all 04s until tonight
Old 11-30-2004, 08:25 PM
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looks like i might have to go back to the dealership to get my deal on the z.....woo hoooo
Old 11-30-2004, 11:11 PM
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92BlackRoseconv
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Originally Posted by MacMulkin
yes they are. it didnt come out at the start of the month, but is now available on all 04s until tonight
Well I bought an 04 last week or so on November 20th and it was 1.9% for 72 months and 0% for 60. I checked GM's website and talked to the dealer today and they say no such offer exists in the country. I'm in Wisconsin and that is just what I've been told by my dealer, and GMAC.
Old 11-30-2004, 11:48 PM
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mjallen40
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I saw the commercial for 0% for 72 months on TV several times in the last 2 days, so it has got to be out there. I am also from Wisconsin.
Old 12-01-2004, 12:03 AM
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Originally Posted by mjallen40
I saw the commercial for 0% for 72 months on TV several times in the last 2 days, so it has got to be out there. I am also from Wisconsin.

I just checked gmbuypower.com and it does say it is available until 11/30. That sucks I guess I wasn't getting the truth from the dealer. But since its only available for another 1 hour and 1 minute and every dealership is closed. I guess it really does not matter.
Old 12-01-2004, 12:55 AM
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That would be great.
Old 12-01-2004, 12:43 PM
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I got 0% but for 60 months back in January.

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Old 12-01-2004, 12:48 PM
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...Or you can get an additional $3000 off.
Old 12-01-2004, 04:25 PM
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finallygot1
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Originally Posted by 123Gone
Plan on keeping your car for at least 3.5 to 4 years. You will most likely be in negative equity territory for that long.
Could you please explain to me why does the months of finance have anything to do with how long you keep the car? The value in 1 yr 2 yr etc. is the same if you pay cash, finance it at 0% or 5%. If you buy a new car when you sell it you lose,(unless you think these new C5s are going to appreciate like the C2s and C3s, and if so plan on keeping it for 20+ years) you are basing your amount of time to keep a car until the payoff exceeds the balance due. You are comparing apples and oranges.
Last, but not least, a 2002 Coupe is in the current NADA(Dec 2004 Eastern Edition) for $29,550 wholesale and $33,650 retail. So if you buy the car today for $39,000 with 0%/72 month and decide to get out in 24 months your payoff will be $26,000, is getting $29550 less than $26,000?
Sorry, but I missed your point, please explain.
Old 12-01-2004, 05:01 PM
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Wish that deal existed when I purchased my 02.



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