0% Financing - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

snide1 · 10-23-2009, 12:25 PM

What is the likelyhood of 0% financing for the Camaro in the next year?

benjaminkeith · 10-23-2009, 12:26 PM

I'm gonna go with 0% chances

Brokinarrow · 10-23-2009, 12:27 PM

I think that would depend more on the economy than anything, and as GM is going to be in debt to the gov. for a while, I'm not sure that they would able to offer that, sadly :(

Dan3 · 10-23-2009, 12:29 PM

You will see sales incentives once GM actually has to try to sell the car. There will probably be no incentives till mid to late 2012. Unless Ford does something amazing with the Mustang's price between now and then.

PQ · 10-23-2009, 12:29 PM

Quote:

Originally Posted by benjaminkeith

I'm gonna go with 0% chances

Prabably gonna have to have a solid 800+ credit Score and NO DEBT to get it.

Rogue Leader · 10-23-2009, 12:56 PM

0% financing is used as a Sales promotion tool to get inventory moving. Nothing is ever truly free, someone is paying for it, the finance companies aren't looking to give money away for free unless there is an incentive for them. The incentive being the car company pays the finance company for that loan to move slow moving product at the standard or slightly reduced price, or when things are really at the end (ex: to move leftover 2009 models in December 09) just to get it out the door to make room for new product. GM has no reason to pay for such an incentive to move this product (Camaro) anytime soon, so don't hold your breath.

EDIT: also why you need perfect credit to get 0%, because the finance company is making less on each loan than a standard loan, but they hope to make it up in volume with the promotion. However they don't want to be giving away free money to risky people.

Blownhotrodder · 10-23-2009, 01:05 PM

Slim to none, not when they are selling like they are.

01pewterz28 · 10-23-2009, 01:21 PM

If the Camaro continues to sell like it is no, GM's marketing department is playing it cool right now with the release of the Camaro, next year maybe a hi-performance V6, then the convertible, and the Z/28 So IMHO NO 0% for the next two years unless sales bomb.

Sean

JohnInSoCal · 10-23-2009, 02:46 PM

as long as camaros are sold out I would say zero chance, why would they offer that on a car that they can't build enough of ?

10-23-2009, 12:25 PM	#1
snide1 Drives: 2SS IOM/Mercedes/Super Duty Join Date: Oct 2009 Location: Ia Posts: 38	0% Financing What is the likelyhood of 0% financing for the Camaro in the next year?

10-23-2009, 12:26 PM	#2
benjaminkeith Uber Member Drives: 2SS/RS Blk/Blk 6spd Join Date: Apr 2009 Location: Asheville, NC Posts: 131	I'm gonna go with 0% chances __________________ 1000, Dealer Order (3.06.09) - Order # NHNNZH 1100, Preliminary order accepted (03.09.09) 2000, Order accepted by GM (4.30.09) 3000, Order accepted by production control (5.7.09) 3100, Order available to sequence (5.14.09) 3300, Order scheduled for production (6.16.09)-TPW 6.29.09 3400, Order broadcast (6.30.09) 3800, Order produced (7.02.09) - 2G1FT1EWXA9123955 4000, Available to ship (7.06.09) 4200, Shipped (7.06.09) - RC# GTW 310094 4800, Rail Ramp Unload (7.22.09) 5000, Delivered to the dealer (7.23.09) 6000, Delivered to the customer (7.23.09)

10-23-2009, 12:27 PM	#3
Brokinarrow Drives: 2012 Honda NC700x Join Date: Sep 2008 Location: Indianola, IA Posts: 5,317 View My Garage	I think that would depend more on the economy than anything, and as GM is going to be in debt to the gov. for a while, I'm not sure that they would able to offer that, sadly :( __________________

10-23-2009, 12:29 PM	#4
Dan3 Captain of the Failboat Drives: 2010 IBM Camaro 2SS/RS Join Date: Jun 2009 Location: USAF Seymour Johnson- Goldsboro, NC Posts: 405	You will see sales incentives once GM actually has to try to sell the car. There will probably be no incentives till mid to late 2012. Unless Ford does something amazing with the Mustang's price between now and then. __________________ 2010 Camaro 2SS - Imperial Blue w/Black Leather Interior Ordered - 22 June 2009 Produced - 10 August 2009 : #34143 Delivered - 25 August 2009

10-23-2009, 12:56 PM	#6
Rogue Leader Iatefiberglassinsulation Drives: 2010 Camaro 2SS M6 Join Date: Oct 2008 Location: Long Island Posts: 3,601 View My Garage	0% financing is used as a Sales promotion tool to get inventory moving. Nothing is ever truly free, someone is paying for it, the finance companies aren't looking to give money away for free unless there is an incentive for them. The incentive being the car company pays the finance company for that loan to move slow moving product at the standard or slightly reduced price, or when things are really at the end (ex: to move leftover 2009 models in December 09) just to get it out the door to make room for new product. GM has no reason to pay for such an incentive to move this product (Camaro) anytime soon, so don't hold your breath. EDIT: also why you need perfect credit to get 0%, because the finance company is making less on each loan than a standard loan, but they hope to make it up in volume with the promotion. However they don't want to be giving away free money to risky people. __________________ 2010 Chevrolet Camaro SS - was daily driver, now toy 2020 Alfa Romeo Giulia Quadrifoglio - Daily Driver 2017 Mercedes Benz GLE 350 - Wifes Car 2008 Chevy Silverado 2500 HD LT 6.0 - Tow Vehicle 1991 Alfa Romeo 164S - Project Car 1994 Volkswagen Golf - Race Car "Like" my race team on Facebook: http://www.facebook.com/farfrumwinnin

10-23-2009, 01:05 PM	#7
Blownhotrodder Drives: 2018 ZL1 1LE Join Date: Dec 2008 Location: Clarkesville , GEORGIA Posts: 1,859	Slim to none, not when they are selling like they are.

10-23-2009, 01:21 PM	#8
01pewterz28 #TeamBeckyD Drives: 2017 HBM 2SS Convertible A8 Join Date: Aug 2008 Location: Apopka, FL Posts: 10,496 View My Garage	If the Camaro continues to sell like it is no, GM's marketing department is playing it cool right now with the release of the Camaro, next year maybe a hi-performance V6, then the convertible, and the Z/28 So IMHO NO 0% for the next two years unless sales bomb. Sean __________________ #TeamBeckyD FIFTY HBM 2SS VERT

10-23-2009, 02:46 PM	#9
JohnInSoCal Drives: RJT L99 500HP Join Date: Aug 2009 Location: SoCal Posts: 535	as long as camaros are sold out I would say zero chance, why would they offer that on a car that they can't build enough of ?

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