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FOR RELEASE: November 1, 2002

CONTACTS

GM Announces Modifications to "Zero, Zero, Zero" Program

 

DETROIT - General Motors Corp. today announced modifications to its retail marketing program on 2002 and 2003 model year vehicles. Effective November 1 and continuing through January 2, 2003, GM is offering "Zero, Zero, Zero" -- no monthly payments for 90 days, no down payment and 0.0% APR financing rates for qualified buyers on the purchase of most new 2003 and the remaining new 2002 model Buick, Cadillac, Chevrolet, GMC, Oldsmobile, Pontiac, Saturn, and Saab cars and trucks. The 2002 and 2003 HUMMER models are not included in the program.

In addition, the program offers $2,000 customer cash or 0.0/2.9/3.9% APR finance rates to qualified buyers on most 2003 GM models, excluding Saturn and HUMMER. Saturn has introduced its own set of financing and leasing programs. An additional $1,000 is available toward the purchase or lease of certain 2003 GM midsize passenger cars and minivans.

"These changes continue GM's strategy of simple, compelling marketing programs for consumers that are competitive, and demonstrate leadership in the marketplace," said Bill Lovejoy, group vice president of GM North America Vehicle Sales, Service and Marketing. "The program builds upon the momentum of 'Zero, Zero, Zero' with very competitive APR rates and enhanced cash offers."

GM begins television advertising of the modified programs nationally, November 1, 2002.

Following are terms for the modified 2002 model program
(November 1, 2002 through January 2, 2003):

Zero, Zero, Zero (for qualified buyers)

  • No monthly payment for 90 days
  • No down payment
  • 0% financing
0.0/2.9/3.9%
36/48/60
Saab 9-3
Saab 9-5

$1,000 or 0.0%
36/48/60

Chevrolet Corvette
Cadillac Escalade

$2,000 or 0.0%
36/48/60

Chevrolet Suburban
Chevrolet Tahoe
Chevrolet TrailBlazer
Chevrolet TrailBlazer EXT
GMC Envoy
GMC Envoy XL
GMC Yukon
GMC Yukon XL
Oldsmobile Bravada
Chevrolet Avalanche
Chevrolet Silverado
GMC Sierra
Cadillac Escalade EXT
Saturn S-Series*
Saturn L-Series*
Saturn VUE*
*Qualified Saturn buyers are eligible for $2,000 Customer Choice allowance which must be applied to the downpayment of these 2002 Saturn models.

$2,500 or 0.0%
36/48/60
Chevrolet Cavalier
Chevrolet Blazer
Pontiac Sunfire

$2,500 or 0.0%
36/48/60 PLUS $1,000 Bonus Cash
Chevrolet Impala
Chevrolet Monte Carlo

$3,000 or 0.0%
36/48/60
Chevrolet Camaro
Chevrolet Prizm
Pontiac Firebird
Buick LeSabre
Buick Park Avenue
Pontiac Bonneville
Oldsmobile Aurora
Buick Rendezvous
Pontiac Aztek
Chevrolet Astro
Chevrolet Express
GMC Safari
GMC Savana
GMC Sonoma
Chevrolet S-10 Pickup
Chevrolet Tracker

$3,000 or 0.0%
36/48/60 PLUS $1,000 Bonus Cash
Chevrolet Malibu
Oldsmobile Alero
Pontiac Grand Am
Pontiac Grand Prix
Oldsmobile Intrigue
|Buick Century
Buick Regal

$4,000 or 0.0%
36/48/60 PLUS $1,000 Bonus Cash
Chevrolet Venture
Oldsmobile Silhouette
Pontiac Montana

$4,000 or 0.0%
36/48/60
Cadillac DeVille
Cadillac Eldorado
Cadillac Seville

Following are terms for the modified 2003 model program
(November 1, 2002 through January 2, 2003):

Zero, Zero, Zero (for qualified buyers)

  • No monthly payment for 90 days
  • No down payment
  • 0% financing
0.0/0.0/0.0%
Saturn L Series
Saturn VUE

0.0/2.9/3.9%
36/48/60

Cadillac CTS
Cadillac DeVille
Cadillac Escalade
Cadillac EXT
Cadillac Seville
Chevrolet Corvette
Saab 9-3 Sports Sedan
Saab 9-3 Convertible
Saab 9-5
Saturn ION

$2,000 or 0.0/2.9/3.9%
36/48/60 PLUS $1,000 Bonus Cash
Pontiac Grand Am
Chevrolet Malibu
Oldsmobile Alero
Chevrolet Impala
Chevrolet Monte Carlo
Buick Century
Buick Regal
Pontiac Grand Prix
Chevrolet Venture
Oldsmobile Silhouette
Pontiac Montana

$2,000 or 0.0/2.9/3.9%
36/48/60

Pontiac Bonneville
Buick LeSabre
Buick Park Avenue
Buick Rendezvous
Oldsmobile Aurora
Pontiac Aztek
Pontiac Vibe
Chevrolet Cavalier 
Pontiac Sunfire
Chevrolet Astro
Chevrolet Express
GMC Safari
GMC Savana
Chevrolet Tracker
Chevrolet Blazer
Chevrolet TrailBlazer
Chevrolet TrailBlazer EXT
GMC Envoy
GMC Envoy XL
Oldsmobile Bravada
Chevrolet Suburban
Chevrolet Tahoe
GMC Yukon
GMC Yukon XL
Chevrolet S-10 Pickup
GMC Sonoma
Chevrolet Avalanche
Chevrolet Silverado
GMC Sierra

# # #

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