Groundbreaking 0% Down-Payment Offer for Saudi Customers on Chevrolet and GMC

JEDDAH/RIYADH, KINGDOM OF SAUDI ARABIA – March 11, 2009: Abdullatif Alissa Automotive Company, Aljomaih Automotive Company, Omar A. Balubaid Company and Universal Motors Agencies Co, in partnership with the National Commercial Bank (NCB), have announced a ‘no down-payment’ offer for customers across the entire Chevrolet and GMC SUV line ups in Saudi Arabia.

In addition to zero down-payment, the four Saudi dealers are offering interest rates starting from just 4.99% on Shari'a compliant lease with a promise to own deals, the lowest monthly payments and an extended warranty to five years, or 200,000 km (whichever comes first).

Fadi Ghosn, Chief Marketing Officer, General Motors Middle East, said: “This offer shows how confident the bank is in the market and in the appeal of the Chevrolet and GMC line-ups. Thanks to such breakthrough ideas, it is now much easier for customers to own some of the best SUVs available in the market.”

Commenting on the new partnership between GM dealers and NCB, Osama Saadawi, Vice President Marketing – Lease and Finance Division - the National Commercial Bank, said: “We are launching this very special financial offer of 0% down-payment to help customers achieve their dream of buying and owning a quality SUV from Chevrolet and GMC.”

Some examples of the vehicles featured in the offer include the Chevrolet Tahoe and Chevrolet Suburban from SR 2,039 a month, the Chevrolet TrailBlazer available from SR 1,222 a month, while the GMC Envoy starts from at SR 1,302 a month and the GMC Yukon and Yukon XL are available from SR 2,240 a month.