GM Becomes First Carmaker To Offer Interest-Free Loans In China

Everybody loves 0% financing and we’re sure that Chinese car buyers will have a positive attitude towards GM’s plans to offer interest-free loans with a 40 percent down payment for the Buick Excelle or Buick Regal sedans. Interestingly, it’s the first time that a carmaker offers interest-free loan in the Chinese market.

As you might of guessed, GM aint doing this cause they suddenly fell in love with Chinese car buyers. Shanghai General Motors Co., GM's venture with Shanghai Automotive Co proceeded to this move in order push sales as the company slipped from first place last year to third place in the first half of 2007 trailing FAW Volkswagen Automotive Co. and Shanghai Volkswagen Co. according to the China Association of Automobile Manufacturers.

Via: bloomberg