Last Updated: 04/18/2025
GM Financial
Unaffiliated
Last Updated: 04/18/2025
SuperMoney User Recommendation Score -65
Strongly not recommended57 total votes
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Highlights
Community Rating
Strongly not recommended
Amount Range
$7,500 - $125,000
APR (Fixed APR)
1.9% - 19.9%(Verified 06/21/2024)
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Credit Score Range
550 - 850
Loan Term (Months)
Up to 72
Number of Reviews
GM Financial Review
GM Financial is offered by General Motors Financial Company, Inc., a financial services company founded in 1992 and based in Fort Worth, TX. GM financial are available in 50 states and Washington, DC.
GM financial FAQ
How much can you borrow via GM financial?
GM financial loan amounts start at $7,500 and go up to $125,000.
What APR does GM financial offer on its car loans?
GM financial offers a fixed apr car loan product that ranges from 1.9% APR up to 19.9% APR.
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 inaccurate information in your credit history with these credit monitoring tools.
What is the maximum auto loan term you can get with GM financial?
GM financial has car loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car 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.
Can I pay off early my GM financial loan?
Yes, you can. However, GM financial charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.
What do you need to qualify for GM Financial?
Applicants with a credit score of at least 550 and up to 850 may be eligible for GM Financial. The minimum age to be eligible is 18 or the state minimum, whichever is higher. GM Financial does not have or does not disclose a minimum annual income eligibility requirement.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via GM financial?
GM financial will typically fund the car loan within 7 business days of approval.Does GM Financial report your account activity to credit bureaus?
Yes, GM Financial reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does General Motors Financial Company, Inc. perform a hard credit pull?
Yes, GM financial performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is General Motors Financial Company, Inc. a legit company?
General Motors Financial Company, Inc. was founded in 1992, it is a well-established company that has been in business for 34 years. GM Financial is strongly not recommended by SuperMoney community users.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from GM financial
Message from our editor
What we love about GM Financial
GM Financial offers financing and leasing options for GM vehicles in all fifty states of the United States as well as in other parts of the world. You can get pre-qualified for a loan online, meaning you can get an idea of what you can afford before setting foot on a dealership lot. The company is also flexible when it comes to approving leases, which can make it easier to lease a car. You can choose from multiple loan repayment options so you can customize your monthly payment to fit your budget.
What could GM Financial do better?
GM Financial has a few noteworthy flaws. For example, you can only work with GM’s network of dealers, which means your choice of vehicle will be limited. You’ll also be limited in how much you can shop around, which could affect how much you wind up paying for your car. Much of the time, the company also fails to offer the best interest rates, meaning you can save by financing with a different company. GM Financial also has a reputation for poor customer service, which can be a concern if you wind up needing assistance with your loan.
GM Financial also doesn’t approve loans for pre-owned vehicles, so you can only use the company if you want to buy a new car.
GM Financial ‘s backstory
GM Financial is the financial subsidiary of General Motors. Founded in 1992 as the AmeriCredit Corporation, the company offers financing across the United States, Canada South America, Europe, and Asia.
The Verdict
If you’re shopping for a new GM, you may want to check your pre-qualified offers from GM Financial to see if you get a good deal, but you can usually get a better interest rate and financing terms from another lender.
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