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.