Vauxhall offering 5% cashback with ‘You Pay We Pay’ deal

Vauxhall, part of General Motors (GM), is offering 5% cashback on selected car models which are eligible for its 0% finance schemes.

Vauxhall are trying to raise customer interest in their range of cars and says it is the first UK car manufacturer to offer a cashback deal directly to its customers.

This scheme is clearly also trying to combat the recent negative press over the decision by both Ford and Vauxhall to raise their UK prices.

The majority of Vauxhall car prices are being increased. The overall average increase is just below 5%.

The ‘You Pay We Pay’ offer means that on the 0% finance deals you get 5% cashback on the balance financed. This is paid upfront on handover of the new car.

0% finance deals are available across the Vauxhall range of models including the Tigra, Meriva, Astra and Zafira.

The term of the 0% finance can range from 2 years, where no minimum deposit is required, to 3 years where a 10% deposit is required, to 4 years where a 30% deposit is required.

Car sales in December in the UK fell over 21% compared with December 07 so certainly the manufacturers are having to offer something innovative to get car sales moving again.

Clearly GM, and thereby Vauxhall, think that the ‘You Pay We Pay’ deal is a good start. Time will tell.