GM Announces 0.0% for 60 Months on most ’02 and ’03 Passenger Cars and Minivans

GM Announces 0.0% for 60 Months on most ’02 and ’03 Passenger Cars and Minivans

Detroit, October 1, 2002 - General Motors Corp. today announced enhancements to its retail marketing programs on 2002 and 2003 model year vehicles. Effective today and continuing through October 31, GM is offering APR financing rates of 0.0% on terms up to 60 months for qualified buyers on the purchase of most new 2002 and 2003 GM passenger cars and minivans (see attached). In addition, customer cash is now available on 2002 and 2003 trucks. APR rates of 0.0/1.9/2.9% are also available on 2002 trucks and 0.0/2.9/3.9% APR financing will continue on 2003 models (see attached).

"We believe that this program will be very effective at bringing consumers into our showrooms to see our industry leading lineup of cars and trucks," said Bill Lovejoy, group vice president of GM North America Vehicle Sales, Service and Marketing. "Additionally, this enhancement is consistent with our strategy to offer consumers simple and compelling marketing programs, and will allow GM to continue to be aggressive in the marketplace."

GM divisions will use prominent national, regional and local marketing campaigns to communicate retail offers. National print, TV and radio advertising for the new program begins today. Regional and local dealer marketing group ads will follow.

Following are terms for the enhanced 2002 program (October 1- October 31, 2002)
$1,000 or std% 36/48/60
Chevrolet Corvette
$1,000 or 0.0/1.9/2.9% 36/48/60
Cadillac Escalade
$2,000 or 0.0/1.9/2.9% 36/48/60
Cadillac Escalade EXT
$2,000 or 0.0/1.9/2.9% 36/48/60 PLUS $500 Bonus Cash
Chevrolet Suburban	GMC Yukon
Chevrolet Tahoe	GMC Yukon XL
Chevrolet TrailBlazer	Oldsmobile Bravada
Chevrolet TrailBlazer EXT	Chevrolet Avalanche
GMC Envoy	Chevrolet Silverado
GMC Envoy XL	GMC Sierra
$2,500 or 0.0/1.9/2.9% 36/48/60 PLUS $500 Bonus Cash
Chevrolet Blazer
$2,500 or 0.0% 36/48/60
Chevrolet Cavalier	Chevrolet Monte Carlo
Chevrolet Impala	Pontiac Sunfire
$3,000 or 0.0% 36/48/60
Buick Century	Oldsmobile Alero
Buick LeSabre	Oldsmobile Aurora
Buick Park Avenue	Oldsmobile Intrigue
Buick Regal	Pontiac Aztek
Buick Rendezvous	Pontiac Bonneville
Chevrolet Camaro	Pontiac Firebird
Chevrolet Malibu	Pontiac Grand Am
Chevrolet Prizm	Pontiac Grand Prix
$3,000 or 0.0/1.9/2.9% 36/48/60 PLUS $500 Bonus Cash
Chevrolet Astro	GMC Savana
Chevrolet Express	GMC Safari
Chevrolet S-10	GMC Sonoma
Chevrolet Tracker
$4,000 or 0.0% 36/48/60 PLUS $500 Bonus Cash
Chevrolet Venture	Pontiac Montana
Oldsmobile Silhouette
$4,000 or 0.0/1.9/2.9% 36/48/60
Cadillac DeVille	Cadillac Seville
Cadillac Eldorado
0.0% 36/48/60
Saturn L-Series	Saturn Vue

Following are terms for the enhanced 2003 program (October 1- October 31, 2002)
0.0/2.9/3.9% 36/48/60
Chevrolet CTS	Cadillac EXT
Cadillac Deville	Cadillac Seville
Cadillac Eldorado	Chevrolet Corvette
Cadillac Escalade
$1,500 or 0.0% 36/48/60
Buick Century	Chevrolet Monte Carlo
Buick LeSabre	Oldsmobile Aurora
Buick Park Avenue	Pontiac Aztek
Buick Rendezvous	Pontiac Bonneville
Buick Regal	Pontiac Grand Prix
Chevrolet Cavalier	Pontiac Sunfire
Chevrolet Impala	Pontiac Vibe
$2,000or 0.0% 36/48/60
Chevrolet Malibu	Pontiac Grand Am
Oldsmobile Alero
$2,000or 0.0% 36/48/60 PLUS $500 Bonus Cash
Chevrolet Venture	Pontiac Montana
Oldsmobile Silhouette
0.0% 36/48/60
Saturn L Series	Saturn Vue
$1,500 or 0.0/2.9/3.9% 36/48/60 PLUS $500 Bonus Cash
Chevrolet Astro	GMC Envoy
Chevrolet Avalanche	GMC Envoy XL
Chevrolet Blazer	GMC Savana
Chevrolet Express	GMC Safari
Chevrolet S-10	GMC Sierra
Chevrolet Silverado	GMC Sonoma
Chevrolet Suburban	GMC Yukon
Chevrolet Tahoe	GMC Yukon XL
Chevrolet TrailBlazer	Oldsmobile Bravada
Chevrolet TrailBlazer EXT
$2,000 or 0.0/2.9/3.9% 36/48/60 PLUS $500 Bonus Cash
Chevrolet Tracker

EXPIRED 2002 program terms

The 2002 model year incentive program that ran from September 19 – September 30 included 0/0% APR financing for terms up to 60 months on all 2002 vehicles. Cash back offers were also available on all models in lieu of the APR program.

More information is available at www.gmc.com.

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