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July 16, 2013updated 12 Apr 2017 11:39am

Chevrolet offers 0% APR with choice of deposit

Chevrolet has announced 0% APR finance on selected models on 60-month terms with the option for buyers to set their own deposit during the third quarter of 2013.

By Peter Johnstone

Chevrolet has announced 0% APR finance on selected models on 60-month terms with the option for buyers to set their own deposit during the third quarter of 2013.

The five-door Spark LS 1.0 is available from £99 with a £1,805 deposit. The Aveo 1.2 LS is available from £139 a month with a £1,855 deposit.

The Cruz Hatchback 1.6 LS is available on a £2,455 deposit and monthly instalments of £179, while the Cruz Station Wagon 1.6 LS is available at £199 a month after a £2,055 deposit, and monthly payments on the seven-seater Orlando 1.8 LS start at £219 after an initial £3,708.

The company is offering a ‘choose your own deposit’ option on a sliding scale starting from 0%, with the chosen deposit being factored into the monthly payments for the vehicle.

Chevrolet joins Seat among the latest brands to announce deals for Q3 and finance will run through GM Financial, which Chevrolet confirmed as its finance provider following GM’s acquisition of much of Ally Financial’s international finance operation, or Santander Consumer Finance.

However, car finance technology provider iVendi has recently questioned whether subvented finance deals from manufacturers can continue to offer the level of value which has attracted consumers into new cars and finances for the past two years.

richard.brown@timetric.com

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