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The company provides retail loan and lease programs through auto dealers for customers across the credit spectrum. [4] They also offer commercial lending products, such as retail floorplan, construction and real estate loans, or insurance for car dealerships. Before its acquisition by GM, the company ranked at 768 on the Fortune 1000. [5]
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
Ally Financial Inc. (previously known as GMAC) is a bank holding company organized in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
What is a good auto loan rate? A good auto loan rate is generally any rate below the average for your credit profile. For drivers with excellent credit, the average rates are 5.07 percent for new ...
A lender may cap the amount of money a student can borrow to pay for a vehicle. As a result, you might only be able to buy a used car that falls below the loan maximum. Lenders placing lending ...
In an 8-K filing submitted by GM on Thursday, the automaker says it expects to take a $1.5 billion pre-tax charge, and up to $300 million in pre-tax, non-cash pension curtailment charges. GM said ...
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