The $3000 is on the 2006 not the 2007

 

oh that deal sucks. Last year this time they did 0% for 72 months

 

There are still '06's sitting in dealer inventory?

 

I agree. Last year at this time was when my wife bought her Cobalt for 0% and 72 months. Her payment is under $200 per month. Great financing deal.

 

That deal sucks also. Most people have found they were upside down on their loan after the first year. So, 3 years later when they decide they want another car (for whatever reason) they need to finance the balance into the new loan.

The point being, you can't make everyone happy with anything

 

2500 rebate for 07 LT's, 4000 for 2006's That is pretty good if you are looking and can find a 06

The deal is 1000 better than the rebate I got when buying in May but the end result is the same..between the rebate the 1k at the time military incentive and 250 test drive bonus and my GM $$ I ended up with 3700 in rebates.


Goose

 

The key is the rebates and cash. A 1% increase in APR is worth $10 a month over 60 months. $1,000 off the total bill is worth $20 a month over 60 months.

72 months of financing, no matter what the interest rate, is going to leave you upside down for the life of the loan. 36-48 months is the optimal if you're looking to get money out of the car on trade within 60 months of purchase.

 

I just paid cash so I didn't have to worry about all of those problems.

 

that's great 'Teresa'...& that is a nice HHR you have by the way. I would have loved to pay cash for mine, but unfortunately I don't have anywhere near that kind of cash sitting around. I am sure most people on here would pay cash if they could afford it. I got a great deal on my loaded '06 2LT, $23K+ sticker, at 72 months for $318/month. And I plan on keeping mine for much longer than 72 months so I am more than pleased.

 

As of Monday, according to Autoweek.com, GM still had a littleover 10,000 06's left on dealer lots. Most were Colorado's. the below quote was lifted fromAutoweek.com

Chevrolet told dealers that 10,231 2006 models were in inventory nationwide. Colorado pickups topped the list with 1,588 units, followed by the Monte Carlo with 1,390. At the bottom were the Suburban with 10 units and the TrailBlazer EXT with four.