Auto Loans
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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)
Disclaimer popup with additional information
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 penalty 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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
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.
Contact
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -65, or 1.7 on a 5-point rating scale.
-65
-1000+100
No one recommends
Everyone recommends
GM Financial Community Reviews
Would you recommend GM Financial to your friends?
ES
Elizabeth S.
Nov 29, 2022
May or may not recommend
DO NOT GET A LOAN WITH THIS COMPANY! THEY ARE CROOKS! Last May my sister passed away and left her vehicle to my daughter. She had a car loan through this company. My sister’s death occurred in the vehicle so it has been in the possession of a car insurance company and repair shop for the past 6 months. During this time, I have been trying to contact GM ...Show More
SB
Sarah B.
Aug 31, 2022
May or may not recommend
We are attempting to travel out of the country with our truck which has a lien against it through GM Financial. We require a response from GM Financial to send the authorization form just so we can ask. It has been many calls. The women who answer the phones are patient and nice but they do not have contact with anyone who can make a decision. There is an email ...Show More
Danielle C.
Aug 24, 2022
May or may not recommend
Worst financial company I have ever dealt with! I was instructed not to make a final payment on my lease because the dealership would make that payment so I did as instructed. GM Financial then reported a late payment to the credit bureau. Even after I called them to get this corrected they refused!
Richard R.
Jul 2, 2022
May or may not recommend
I just completed a 4 year lease with GM Financial Cadillac. Rates were far too high. In addition, we decided to purchase the car at the end of the lease and that’s where the nightmare begun. In addition to discovering that there were other companies involved in getting the title released that we were not aware of, it took us over 4 months to finally get lease releases to get ...Show More
U
Anonymous
Jun 15, 2022
May or may not recommend
Rates are extremely high and report false credit information . I definitely wouldn't recommend!!
SW
Shermeka03@gmail.com W.
Aug 10, 2021
May or may not recommend
They are always willing to work with me to make payments on my vehicle. Very nice customer service and very knowledgeable representatives.
SH
Scott H.
Jul 20, 2021
May or may not recommend
Try getting a title on a paid of lease Good luck bern trying for three months. Gm financial sucks
U
Anonymous
Jun 7, 2021
May or may not recommend
Very bad customer care service, requesting them to provide a confirmation mail for my payoff. Each customer care representative is giving different stories, Its a mental torture as I am not been able to procure another lease till I get a confirmation email/letter of my payoff .
U
Anonymous
Apr 20, 2021
May or may not recommend
excess wear and tear charges after lease return. Dealership check in, pristine, with 20k less miles than lease allowed. Lease agreement allows them to legally charge consumers even if its not the right thing to do. Big business, doesnt care to resolve, dismissed claims without working to satisfy customer concerns. Will never use GM Financial again, shame on you GM Financial
LC
Larry C.
Mar 9, 2021
May or may not recommend
Do not lease a vehicle through this company. I have leased 3 vehicles through them and thought everything was ok. The end of my last lease was during the height of COVID so I conservatively decided to not lease another vehicle immediately preferring to wait and see about doing so during recovery. I take very good care of all of my cars and had never before faced any financial penalties ...Show More
CB
Carl B.
Jan 30, 2021
May or may not recommend
Yes great company to do business with ,yes yes & again yes
AA
Amer A.
Jan 19, 2021
May or may not recommend
I had an autopay for paying the monthly fees. For some reason it ended on November and didn't pay the December. when I noticed this in January 7th, there were late fees accrued in the account. I tried to call the customer service, but got the obnoxious prompt of communicating through text message for over 18 minutes. Finally I gave up and chose this option. I sent a text message, ...Show More
JC
Josh C.
Sep 10, 2020
May or may not recommend
My wife has a 2019 chevy trax through GM financial. I am a co-signer to this vehicle. My wife and I recently lost our jobs due to covid-19 and were receiving unemployment assistance. The unemployment check was late in the month of August. It finally came on the last day of the due date, which was August 26th and we made the payment. GM financial said that they see it ...Show More
MN
Michael N.
Apr 24, 2020
May or may not recommend
they started out to be a good company to deal with, but after two years on a lease they took my almost perfect car back and charged me over 400.00 $ because i did`nt lease another car. read the fine print!
U
Anonymous
Mar 8, 2020
May or may not recommend
Customer service is nonexistent. Senior Management has no interest in customers. STAY AWAY
BC
Brandon C.
Feb 9, 2020
May or may not recommend
My personal experience. I bought a 2019 GMC Sierra brand new. First new truck purchase ever. My score according to the dealer with two other car loans was a 651. Although the last 3 years I've never missed a bill Payment. Capital one offered me a 7.5 apr preapproval. However the dealer got me financed with GM Financial with a 1.5 apr. So personally so far I'm a Gm Financial ...Show More
BB
Bryan B.
Feb 4, 2020
May or may not recommend
They wanted to charge me $940 to replace tires on my 2017 GMC Acadia Denali with 27000 miles on it at lease end. When I called to question it the lady said that is what they had to pay for the tires. I told her I was a General sales manage at a fairly large GM dealership and knew for a fact they didn't buy tires for the vehicle. They ...Show More
Lawnmaster L.
Feb 4, 2020
May or may not recommend
Horrible experience- terrible customer service- will buy Ford from now on.
U
Anonymous
Dec 17, 2019
May or may not recommend
I think they have some bad business practices. They tell you your vehicle is paid off by a certain date, even after calling for verification several times. Then a few months after the date, they spring on you that you owe deferments that need to be paid. After you pay off the vehicle they assure you that they will apply for title for you or whatever the ...Show More
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Anonymous
Dec 14, 2019
May or may not recommend
I RECOMMEND IT TO PEOPLE WHO STAY ON TOP OF THEIR BILLS NO MATTER WHAT. PEOPLE WHO CAN BE ACCOUNTABLE AND RESPONSIBLE. PEOPLE WHO ARE NOT AFRAID TO ANSWER THEIR PHONE CALLS . I recommend gm financial for people who are fearless and who know how to use their resources. I say this because most of the bad reviews sounds like people who 1. Dont answer their phones
2. ...Show More
Showing 20 of 57 reviews