SuperMoney

GM Financial

in Auto Loans

Unaffiliated Visit Site

GM Financial

Unaffiliated

in Auto Loans

SuperMoney Net Recommendation Score -71% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

2 users recommend
1 users are unsure
14 users don't recommend
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Overview

Where does GM Financial do business?

GM Financial is based in Fort Worth, TX. It was founded in 1992 and offers auto loans in 50 states (and Washington, DC).

What APR does GM Financial offer on its auto loans?

GM Financial offers auto loans with APRs starting at 1.9% and up to 19.9%. Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccuate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with GM Financial?

GM Financial has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does GM Financial charge an origination fee?

Yes, GM Financial may charge a loan origination fee.

Does GM Financial charge a late fee?

Yes, GM Financial charges borrowers with a late payment penatly fee

Does GM Financial charge prepayment fees?

Yes, GM Financial does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for a loan with GM Financial?

Applicants with a credit score of at least 550 can apply for a loan via GM Financial. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Proof of citizenship or residence permit
  • Recent pay stubs

What is the estimated funding time for an auto loan via GM Financial?

GM Financial will typically fund the loan within 7 business days of approval.

Does GM Financial report loan payments to credit bureaus?

GM Financial reports credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

 

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Availability

Available in 50 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Age
18
Military Status
  • Active Duty Military
  • Non-Military
Joint Loan Applications Accepted
  • Co-signer
Maximum Vehicle Age
2
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Credit Score Range
550 - 850
850 300 550
Immigration Status Considered
  • U.S. Permanent Resident
Verification Documents Required?
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Funding Time Range (in days)
1 - 7
0 14
Joint Loans Available
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
Customizable Payment Dates
Loan Term (Months)
Up to
72
Loan Amount
$7.5K - $125K
$500 $100K+
APR
1.9% - 19.9%
0% 36%+

Reviews

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