DETROIT – Just when credit unions were getting accustomed to dealing with manufacturers' 0% financing and rebate offers, General Motors Corp. has come out with a new incentive to lure consumers – a `loyalty discount' of up to $1,000 to current owners of GM vehicles if they buy or lease a new GM car or truck. The program is in addition to the 0% financing offers or cash incentives of up to $4,000 on most GM vehicles. Owners of GM vehicles will get $1,000 cash back if they purchase a vehicle from the same brand they currently own. GM owners get $750 back if they buy a different GM brand. GM's program is similar to a lease loyalty program Ford Motor Co. began on July 10. That deal offers between $500 and $1,000 to returning lease customers on most Ford vehicles. Ford's offer expires Sept. 2.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.