GM Offers $1,000 Incentives To Toyota Owners

January 27, 2010

Toyota’s stuck accelerator pedal debacle has seen millions of cars recalled and now a halt on sales for eight different models (RAV4, Corolla, Matrix, Avalon, Camry, Highlander, Tundra, and Sequoia) put in place.

Despite the seriousness of the issue, Toyota has been sluggish to respond to its customers so it's little wonder that many are confused and concerned. General Motors is hoping to take advantage of the situation and hopefully appease the scores of worried Toyota customers by offering incentives of $1,000 and low financing rates.

GM is offering $1,000 rebates or up to $1,000 to help pay off current leases on Toyota vehicles, as well as 0% financing on most of its 2009 and 2010 models for Toyota customers.

Not only are there quick sales to be made but the move could potentially see a number of Toyota loyalists switch over to GM, permanently. According to GM, its own dealers are receiving numerous calls and emails from Toyota customers seeking help.

The latest incentive program will run until the end of February.

[CNNMoney]

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