Military personnel who are seeking a car loan received some good news from Chevrolet this week.
The General Motors-owned company revealed that it will recognize National Military Appreciation Month by expanding its military discount to include spouses of armed service members throughout May. In addition, retired military officials will be eligible for the cost savings as well.
According to Chrysler, the discounts will range from between $500 and $4,000 off the suggested retail price of a vehicle, and it applies to most Chevrolet, Buick and GMC models.
This announcement comes as a relief to many active and retired members of the military. With gas prices on the rise, bad credit car loan recipients are looking for any break they can get on a new or used vehicle.
“We are committed to offering military professionals and their family members the best value in the industry,” said Dan Akerson, General Motors Chairman and CEO.
Furthermore, customers with military experience can request the installation of a badge on their new vehicle, which features a yellow ribbon and the word "honor."