UPDATE 2-GM cuts financing costs; GMAC expands lending

Newswire

(Adds GM financing plans, analyst comment, background, GM stock and GMAC bond prices) NEW YORK, Dec 30 (Reuters) - General Motors Corp and its financing affiliate GMAC on Tuesday announced programs to make it easier for car and truck buyers to get financing, a day after GMAC agreed to sell the government a $5 billion stake. Through Jan. 5, GM will offer interest rates of zero percent to 4.9 percent on loans of up to five years on various 2008 model year vehicles, and 3.9 percent to 5.9 ...

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