Automotive News is reporting that GM has announced incentives for current Toyota and Lexus owners, in a bid to lure buyers away from the Japanese automaker. The deal is simple: if you own or lease a Toyota or Lexus vehicle, you get financing, cash back or free payments.
It will be interesting to see how many sales GM gets out of the deal, but any sales they get will be beneficial.
Here’s how it breaks down:
Toyota/Lexus Lessees: GM will waive 3 monthly payments, up to $1,000.
Financing buyers: 0% financing for 60 months.
Cash buyers: $1,000 cash back.
by John Suit
Source: Automotive News