TrueBlueLS
Platinum Member
My friend is looking to buy a 2002 Chevy and we're trying to decide how he's going to finance it. I know I got my car new when GMAC financed it, but will they do used also?
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Does GMAC finance used cars?
- Thread starter TrueBlueLS
- Start date
Vic
Elite Member
Yes. GMAC does a lot of various types of financing. They even own Ditech.
To get GMAC financing on a used car, you'll probably need to buy the car at a dealer though. And they don't give the same ultra-low interest options on used cars as they do on new. I recommend a local credit union for the best deal IMO.
To get GMAC financing on a used car, you'll probably need to buy the car at a dealer though. And they don't give the same ultra-low interest options on used cars as they do on new. I recommend a local credit union for the best deal IMO.
JulesMaximus
No Lifer
I don't know about the rest of you but I don't shop loans based on customer service. Interest rate is my only real concern. Typically I may check the balance on an auto loan a few times during the course of the loan and most places give that information through an automated call center. I don't see that as a real selling point quite frankly.
PowerMac4Ever
Banned
I'd like to see you beat Ditech's $395 flat-fee closing cost :roll: NO ONE can beat ditech.
Vic
Elite Member
They got bought up by Fleet which got bought up by Wachovia and are now called HomEq. They're sub-prime anyway.
I was referring to customer service during the origination process. Some applicants like to be notified when they're approved or if there are outstanding conditions holding up their loan process, instead of months going by without contact or without a returned phone call and not knowing why their loan isn't closing.
And you can continue to brag about how little you know about mortgages... :roll:
Anyone can do a low/no cost mortgage. They just charge a higher interest rate and get the revenue on the yield spread.
PowerMac4Ever
Banned
lol, this is true