General Motors is celebrating GMAC's decision to loosen credit restrictions by increasing incentives on many remaining 2008 models. Effective immediately, the General is offering 0% APR for 60 months on the 2008 Chevy TrailBlazer, GMC Envoy, and the entire Saab lineup. All GMT900 full-size SUVs and every member of the 2008 Cadillac lineup also gets a big-time incentive boost, with 1.9% financing available for 60 months. The rock-bottom deals come in addition to cash incentives of up to $4,250. GM is also offering financing as low as 3.9% on select 2009 models, including the well-received Cadillac CTS. Hit the jump to see GM's official list of available financing specials.

[Source: GM]

PRESS RELEASE:

GM Announces Significant New Loan Financing As Low As 0% APR for Up To 60 Months

DETROIT – GM today announced new 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 today through January 5, 2009 on many 2008 and select 2009MY vehicles (see list below). Of note, many of the vehicles listed below have stackable bonus cash and/or dealer cash ranging from $500 to $4,250.

"We're very excited to offer this reduced rate financing through GMAC to encourage our customers to get back into the game," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "This enables even more qualified customers to finance through GMAC at their local GM dealership, and provides additional financing capacity with conventional and reduced rate APRs for our dealers to make sales. With GM's Financing That Fits, and the Red Tag Sale now underway that offers supplier pricing, customers have an opportunity to get a variety of extremely attractive offers through the end of the year."

2008MY 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 Buick 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


2009MY 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, Light Duty Silverado and HHR; Saturn Aura; 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

Back in October, General Motors reported that it had already received some 6,000 advance orders for its new fifth-gen Camaro. Despite the fact that the first car has yet to be delivered to a paying customer (that's scheduled to take place in February, with the first one selling at the upcoming Barret-Jackson auction next month), pre-orders are not slowing down, with GM now reporting a total of 10,000.

According to the automaker, 84 percent of the first 6,000 requests were for V8 models, but GM is now suggesting that a larger percentage of its latest orders are for V6 models. Sounds like those jonesing for a new V8-powered muscle car were the first ones turning in their order forms. Now that those initial buyers have all reserved their Camaros, the model mix may be getting closer to what The General had expected in the first place.

Hopefully, GM and supplier Cadence, LLC get their disagreements worked out in time and these initial pre-orders can be filled in a timely manner. The last thing GM needs right now is a botched launch of its revived pony car, especially since GM has been promoting the new Camaro hardcore for the last few years.

[Source: Automotive News - sub. req'd]

A little birdie sent us a memo addressed to Kia dealers outlining the prices and specifications for the 2010 Kia Soul, due to hit dealers this April. The base model, equipped with the 122 hp, 1.6-liter inline-four and mated to a five-speed manual gearbox will be sold at an introductory price of $13,995 (including destination charge), and includes six airbags, ABS, ESC, air conditioning, power windows and door locks, an AM/FM/CD/MP3 player with three months of free Sirius satellite radio, along with USB and auxiliary inputs. For the money, the plain-old Soul is a stonkin' good deal and could cause first-gen Scion xB owners to avoid a repeat trip to the ToMoCo dealer.

The Soul + gets a bump in displacement and output, with a 142 hp 2.0-liter four, 16-inch wheels, rear disc brakes, tinted glass, body matched door handles, power mirrors, Bluetooth integration, keyless entry and cruise control. The Soul + will start at $14,950 with a five-speed manual and rise to $15,900 when equipped with the four-speed automatic.

Both the Soul! and Soul sport get the same 2.0-liter mill, but benefit from 18-inch rollers, fog lamps, an upgraded stereo, leather-wrapped steering wheel and shift knob, and metal interior trim. The Soul! can be equipped with a sunroof and sand/black seats, while the sport model gets unique front and rear fascias, side sills, rear spoiler, a "sport-tuned" suspension, red/black interior scheme and metal pedals. Both models start at $16,950 with a manual or $17,900 with the four-speed auto 'box.

Kia claims that the Soul will have "the most comprehensive list of accessories ever developed for Kia vehicle" ranging from body kits, to wheels, to interior lighting packages and performance upgrades. We're looking forward to getting behind the wheel to see if the Soul can pick up where the second-gen. xB went astray.

GMAC is officially opening up lending to buyers with credit scores of 621 or higher after a $5 billion investment from the federal government. A credit score of 621 is considered by some lenders to be the Mendoza line that separates good borrowers from the subprime. The financing arm of General Motors, which is majority owned by Chrysler's sugar daddy, Cerberus Capital Management, had been crippling the automaker's ability to sell cars and trucks after declaring in October only customers with credit scores of 700 or better would be lent to. The money that's greasing the gears here comes from the $700 billion Troubled Asset Relief Program and is separate from the $13.4 billion that GM received from the government to avoid bankruptcy. The investment by the fed should allow GM to sell more vehicles than it has during a dismal fourth quarter that's seen sales drop by 40% or more.

The government also gave GM an additional $1 billion to participate in a rights offering at GMAC connected to its reorganization as a bank holding company. And GMAC also announced that it raised enough capital in a debt swap to satisfy federal requirements. Executive compensation was also cut, as a pool of bonus funds was reduced 40% versus 2007 levels. Thanks for the tip, Jack!

[Source: Automotive News, sub. req'd, Photo by Justin Sullivan/Getty]