An even better deal? Credit unions historically offer low loan rates. You may be able to save thousands by using your credit union's low rates and combining that was the Invest in America Credit Union Member Discount from GM and the consumer cash incentive from the dealer instead of taking the 0% or 2.9% financing.
Not convinced? Check out this example on a 2011 Chevrolet Silverado 1500 LT Extended Cab 2WD. In this case you can either get 0% financing for 60 months or a consumer cash incentive of $4,500. We've also included $2,000 down payment that you would provide:
|0% for 60-Month GMAC Financing||3.9% for 60-Month Credit Union Financing|
|Invest in America Discount||$1,672||$1,672|
Total Savings From Financing at Your Credit Union $2,100
By financing with your credit union, in this case at 3.9%, you'll save $35 each month or $2,100 over the course of the loan. So, before you visit Love My Credit Union to get your GM Authorization Number, check your credit union's rates and do the math. Chances are you'll save money by using the Credit Union Member Discount from GM, the consumer cash incentives and by getting your financing at your credit union!