does anyone know what the interest rates are for the Cobalt LS coupe and the Cobalt SC/SS for say 60 months here in Canada?

 

I know it's 0% up to 36 months. I can't remember 4 and 5 year, but they are the same %.
If you go to the autoshow and fill out a GMAC application or do a survey you can save 1% on financing.
I did and got this letter......

Congratulations! You are pre-approved by GMAC to purchase or lease any new GM vehicle with an MSRP up to $ 25 000.

With your GMAC pre-approval, you'll be in the driver's seat when you go to the dealership to pick out your new GM vehicle. You won't have to wait for your credit to be approved - it's already guaranteed by GMAC!

And don't forget, because you submitted your GMAC Express Credit Application at this year's Canadian International Auto Show, you are eligible to select one of the following four exclusive offers* when you purchase or lease your new GM vehicle:

- 1000 OnStar personal calling minutes
- 3000 Air Miles
- $500 in GM Accessories
- 1% off the rate of your GMAC finance or lease contract

Your GMAC pre-approval expires on May 27, 2005, so visit your GM Dealer or Saturn Retailer soon and test drive some of the exciting new vehicles in the GM family.

Yours truly,

T. E. Dickerson, President
General Motors Acceptance Corporation of Canada, Limited

P.S. Make sure you take this letter with you when you visit your GM Dealer or Saturn Retailer. It identifies you as a preferred Canadian International Auto Show customer who is eligible for one of the exciting four offers mentioned above.

P.P.S. Please feel free to contact us at GMAC.salonautoshow@gm.com if you have any questions regarding your GMAC pre-approval.

*Offers expire May 27, 2005. Customers must be age of majority in their province of residence and purchase or lease a new eligible 2005 General Motors or Saturn Saab vehicle before expiry date.

All products subject to availability. Offers may replace certain current GM/Saturn/Saab offers, which may not be able to be combined with these offers. Please note: Not all customers will be able to choose from all offers, depending on individual circumstances such as air miles membership, availability of OnStar on chosen vehicle, etc.

Customer may select one of the following incentive offers upon leasing or financing through GMAC a new eligible 2005 GM or Saturn Saab vehicle:

1) A $500 Credit valid towards the purchase or lease of new eligible approved GM automotive accessories dealer installed at the time of purchase/lease. The credit amount is inclusive of any applicable taxes. Any unused portion of this credit is not refundable and expires upon use of the offer. No products may be selected for installation on any GM or Saturn Saab vehicle that do not meet GM approved specifications for that vehicle.

OR
2) A 1% reduction on GMAC interest rates offered during the period of validity. Not compatible with any 0% financing offer from General Motors of Canada. Eligible customers will receive up to a 1% APR reduction off the GMAC vehicle rate in effect at time of delivery. Minimum purchase finance rate of 0% required on all retail deliveries. Minimum lease rate required of 0.5% on all SMARTLEASE deliveries. (Please note: some customers may not receive a full 1% APR reduction due to the already low vehicle rate in effect at time of delivery. E.g. #1. A 0.9% purchase finance rate would only be reduced to 0%. E.g. #2. A 1% lease rate would only be reduced to 0.5%). New GM or Saturn Saab vehicle must be financed or leased with GMAC. Offer applies to qualified retail customers only.

OR
3) 3,000 Air Miles will be credited to named Canadian Air Miles cardholder of individual on list. If a customer does not have an Air Miles account, the customer must first call Air Miles @ 1.888.AIR.MILES (1-888-247-6453) or visit www.airmiles.ca to set-up an account. The account will be activated immediately, and the customer will instantly receive a collector number for dealer/retailer to use for processing . The 3,000 Air Miles will be posted to the customer's account within the standard 60-day period established by Air Miles.

OR
4) 1,000 OnStar Personal Calling Minutes (valid for 12 months). Receipt of the OnStar Personal Calling minutes prepaid card may take up to 30 days from sale/lease.OnStar Personal Calling enabled vehicle, existing OnStar contract and prepaid calling minutes required.OnStar voice recognition system may not recognize all voices.Available in most markets. OnStar uses emergency service providers as well as analog cellular and satellite technologies. Vehicle electrical system needs to be operating for features to function properly. Available only on GM, Saturn Saab vehicles equipped with OnStar personal calling in name of person on list. Does not apply to accounts that are in arrears.

Only one incentive can be used by named individual on List. Customers may become eligible at one Autoshow only. Multiple entries at multiple Autoshows will be voided. The decisions of GM in its sole discretion will be final, binding and conclusive on all matters relative to any disputes/discrepancies as to the existence/identification/eligibility of an individual on the List. Multiple entries on the List for the same individual will be void. Some exclusions may apply. No offer may be redeemed for cash. See Dealer/Retailer for additional program conditions and details. Void where prohibited by law. GM may modify or terminate the program and the offers at any time without notice.

GMAC Pre-approval Guidelines

ˇ Present this pre-approval to your GM Dealer or Saturn Retailer.
ˇ This pre-approval can be applied to lease or purchase any new model year or
demonstrator GM, Saturn or Saab vehicle delivered by a GM Dealer or Saturn
Retailer.
ˇ You must take delivery from your GM Dealer or Saturn Retailer by the
expiration date indicated.
ˇ You must have the legal capacity to enter into a binding contract.
ˇ You must continue to satisfy GMAC credit approval criteria at the time of
lease or purchase to take advantage of this pre-approval.
ˇ This offer is only good on contracts of limited length.
ˇ The amount to finance on a purchase and the capitalized cost on a lease may
not exceed certain limits.
ˇ See your GM Dealer or Saturn Retailer for details.
ˇ This pre-approval is non-transferable.

 

interest rates for the ls cobalts should be the same, but who knows what GM will do

 

All the Current Rebates are posted on the GM website and Chevrolet's US and Canadian websites as well. Depending on where you live, there are plenty of other incentive programs, like right now anyone who buys a Cobalts gets another $500 off with the Auto Show Bonus.

Be careful with those take off 1% finance offers - most business managers at the dealerships BUMP the rate, because they can (you'll never know the real one) and then deduct 1%, but he's still making out, and so are you, it's all designed to make the sale.

GMAC made over 4 billion dollars 1 2004, so for what it's worth, always try to negotiate a better rate on the Purchase or Smartbuy. What do you have to lose?

Depending on how much you finance or put down, 0% for 36 months can get you a pretty high payment, but you all should look at the SmartBuy 24,30,36 and 48 months. Incidently, you high miles drivers!! GMAC SmartBuys can go up to 30,000 miles a YEAR, so if you rack up the miles, consider a high mileage SmartBuy - you really will mitigate your risk of devaluation which has been hitting us hard on the domestic side. The last think you want to be doing is have a payment thats over your head!

 

I agree with this post..I would like to add a smart buy is a little easier to insure.