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Default GM offering 0% financing for 7 years, deferred payments amid coronavirus outbreak, + four months deferred payments for those with A+ credit, posted on

GM offering 0% financing for 7 years, deferred payments amid coronavirus outbreak, + four months deferred payments for those with A+ credit

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GM Financial is offering 0% financing for seven years two years more than recent programs and four months deferred payments for those with A+ credit.

The new programs come as many expect the COVID-19 pandemic to significantly impact U.S. auto sales.

General Motors and Ford Motor are offering new vehicle financing programs to spur sales amid the coronavirus outbreak, which is hurting consumer confidence and slowing dealer showroom traffic.

GM, through its GM Financial arm, is offering 0% financing for seven years two years more than recent programs and . People with a lower rating of A1 can qualify for the deferment, however not the 0% financing, the company confirmed Monday.



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