GM offers incentives to Toyota and Lexus owners facing recall headaches

Hoping to capitalize on the problems facing Toyota and its recalls, GM will offer a monthlong incentive to Toyota and Lexus owners. The move comes as a response to “thousands” of calls and e-mails to dealers from Toyota owners asking for help (believe it or not).

The incentive runs through the end of Feb. and will offer the following:

  • Those who choose to lease a vehicle may waive three payments for up to a total of $1,000.
  • Qualifying customers who are financing a vehicle purchase can receive 0 percent financing for up to 60 months.
  • Cash buyers can receive $1,000 off their purchase.

According to GM spokesman Tom Henderson, the incentive applies to GMC, Buick, Cadillac and Chevrolet vehicles.

Toyota announced yesterday that it will suspend sales of eight models that are involved in a recall for sticking accelerator pedal.

– By: Stephen Calogera

Source: Automotive News (Subscription Required)