GWM drops its PHEV finance rate to 0.88% p.a.
GWM has cut the finance rate on its plug-in hybrid range from 1.99% p.a. to 0.88% p.a. for October, quoted at a 2.71% comparison rate.
The rate is only half the story. The structure is what makes this worth a look: zero deposit, no balloon payment, and a three year term. That means the loan fully amortises and there is nothing owing at the end, which is unusual at this kind of headline rate. Most sub 1% offers lean on a large balloon to keep repayments down.
Eligible models
- Cannon Alpha Lux PHEV and Cannon Alpha Ultra PHEV
- Tank 300 Lux PHEV and Tank 300 Ultra PHEV
- Tank 500 Ultra PHEV
- Haval H6GT Ultra PHEV
The trade off
This rate is an alternative to the drive away discount, not an addition to it. On the Cannon Alpha and Tank 500 you choose between the cash saving and the cheap money. Run both numbers over your intended term, because the better option depends on how much you are financing and for how long.
Key details
- 0.88% p.a. fixed rate, 2.71% comparison rate.
- Zero deposit and no balloon payment required.
- Maximum three year term.
- Applies to 2026 build vehicles at participating GWM dealers while stocks last.
- Finance to approved applicants only. Excludes government, fleet, and rental buyers.
- Not combinable with drive away discounts or other offers.
- Offer ends 31 October 2026.
The comparison rate is based on a $30,000 secured loan over five years and is true only for the example given. Different terms, fees, or loan amounts will produce a different comparison rate. Confirm current terms with your GWM dealer before you commit.
