GMAC-Enhanced GM: Let's Make a Deal!

12/30/2008

To: All GM Dealers
Subject: GMAC APR RATES
Date: December 30, 2008

I wanted to update you on the recent actions that have taken place with regard to GMAC obtaining bank holding status.

We believe GMAC’s ability to extend financing will be greatly enhanced.

To that end, I am pleased to tell you that starting today, GMAC will be offering reduced rate financing as low as 0% APR for up to 60 months on select new cars and trucks. The reduced rate financing is available to qualified buyers (S, A, B and C tiers) through January 5, 2009.

In addition, we have stackable bonus cash and/or dealer cash of $500 to $4,250 on some models.

Following are examples of the supported rates being offered:

2008 model year vehicles and offers for qualified buyers:

0% APR for up to 60 months on ’08 Chevrolet TrailBlazer; GMC Envoy; and Saab 9-3, 9-5, 9-7X.

0.9% APR for up to 60 months on ’08 Buick Lucerne.

1.9% APR for up to 60 months on ’08 GMC Yukon and Yukon XL; Chevrolet Tahoe, Suburban and Avalanche; Cadillac CTS, SRX, Escalade, DTS, STS and XLR.

2.9% APR for up to 60 months on ’08 LaCrosse, HUMMER H2 and H3.

3.9% APR for up to 60 months on ’08 Chevrolet Equinox, Colorado Ext and Crew cab and Light Duty Silverado; Pontiac Torrent; GMC Canyon Ext and Crew cab and Light Duty Sierra.

4.9% APR for up to 60 months on ’08 Saturn Astra and Sky; Pontiac Solstice; Chevrolet Corvette and Heavy Duty Silverado; and Heavy Duty GMC Sierra.

2009 model year vehicles and offers for qualified buyers:

3.9% APR for up to 60 months on ’09 Chevrolet Cobalt; Pontiac G5; and Cadillac CTS.

4.9% APR for up to 60 months on ’09 Pontiac G6; Chevrolet Malibu (excluding hybrid), Light Duty Silverado and HHR; Saturn Aura (excluding hybrid); and Light Duty GMC Sierra.

5.9% APR for up to 60 months on ’09 Chevrolet Avalanche and Heavy Duty Silverado; and Heavy Duty GMC Sierra.

Please refer to the official incentive message for all of the details.

I am counting on all dealers to integrate this into their year-end plans. With GM’s Red Tag Event now underway that offers supplier pricing and either cash back offers, or now these just announced GMAC low rate financing offers, customers have a variety of great alternatives available to help get them into a great GM vehicle using one of these terrific deals.

Let’s use this great news to make a strong close to the year.

Sincerely,

Mark R. LaNeve
GM North American Vice-President Sales, Service and Marketing