DETROIT - General Motors has discontinued the 0.0 percent loans that helped the corporation achieve a 6.6 percent sales increase in October.
In their place, GM is offering cut-rate financing to customers on 30 of its 2001 nameplates - 15 cars and 15 light trucks.
The no-interest loans were offered on 16 of GM's 2000-model mid-sized cars, minivans and sport-utilities.
In the incentive program that began Nov. 2, the 2001 models carry rebates of $500 to $1,500. The Chevrolet Tracker and the Buick Park Avenue Ultra have the $1,500 giveback.
Finance rates generally are 5.9 to 7.9 percent, although they are as low as 1.9 percent on Chevrolet Silverado and GMC Sierra half-ton, extended-cab pickup trucks.
Loan rates are 3.9 to 5.9 percent on most 2000 cars and trucks. There are exceptions: The Oldsmobile Intrigue sedans and the Chevrolet Venture, Olds Silhouette and Pontiac Montana minivans start at 0.9 percent, and rates begin at 1.9 percent on some Chevrolet Silverado and GMC Sierra pickups.
GM's rebates on 2000 models show few changes from those offered in October. The biggest increases were on the Venture, Silhouette and Montana, which now bring customers $3,000, compared with $2,000 in October.
Elsewhere on the incentive scene, Toyota, Kia and Subaru have renewed their incentive programs with minor changes.
The Toyota and Kia rebates expire Nov. 30; the Subaru spiffs are slated to run until Jan. 2.