GMAC and those who go with them - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

JesseJames · 09-03-2009, 09:07 AM

Thanks to Capital One's No hassle about hassling you policy, my eye has been eyeballing GMAC financing. Capital One is a nightmare as many know and I want to know if anyone has much troubles with GMAC.. or special notes of interest.

Really really considering jumping ship and going with this company

firestone_ss · 09-03-2009, 09:13 AM

you need 720 credit score or better

SSouthernboy · 09-03-2009, 09:18 AM

Firestone_ss is correct, to get a good rate with gmac you need a good credit score. They gave me 5% rate with a good credit score.

ahart04 · 09-03-2009, 09:49 AM

i already found a loan at a cred. union for 5.7% but just today i talked to my dealer and he said they could probably beat that. i'm gonna let him give it a go, maybe i can get out of my 10% req'd. down payment. btw cred score of 721.

nova · 09-03-2009, 09:53 AM

I've only had them 2 months but they've been fine for the Malibu. That was a promo 0% APR though...

homerlex · 09-03-2009, 10:07 AM

I got 4.09% with GMAC (good credit score). At first they offered 4.89. I told them I could get 4.75 through a credit union. The dealer went back to GMAC and they offered 4.09 for any term up to 60 months.

Blazernut · 09-03-2009, 11:26 AM

Take a look at penfed.org. I do all of my loans thru them online and they are great. 3.99% up to 60mo. Approved and waiting on my ABM 2SS to be built next week....

rolnslo · 09-03-2009, 11:58 AM

Quote:

Originally Posted by JesseJames

Thanks to Capital One's No hassle about hassling you policy, my eye has been eyeballing GMAC financing. Capital One is a nightmare as many know and I want to know if anyone has much troubles with GMAC.. or special notes of interest.

Really really considering jumping ship and going with this company

Really? Three of my last four loans, including my Camaro, have been through Capital One Auto Finance. No problems whatsoever. Fill out app online, receive blank check package in mail, give check to dealer, drive off, setup direct debit for payments via the website, done.

The one time I used GMAC (10 years ago), dealer was allowed to rip me off by telling me the rate GMAC approved as actually 2.5% higher than what they actually approved. GMAC said 8.5%, dealer said it was 11%. Called GMAC before I even paid the first payment to confirm rate that I was approved for and found out. Made 1 payment then re-financed with Capital One for 7.79%.

Michael_Js · 09-03-2009, 12:08 PM

3.99% for 60 (or 72 if you want) months... USEcu.org

Got the check yesterday. NOW for MY CAR!!!

AngryAmish · 09-03-2009, 03:37 PM

I got 3.77% through Bank of America, but I got alot of incentives because they also hold my mortgage, etc. You could probably get mid 4's though as long as you have decent credit.

09-03-2009, 09:07 AM	#1
JesseJames Drives: 2010 2LT/RS Join Date: Jul 2008 Location: Iowa Posts: 129	GMAC and those who go with them Thanks to Capital One's No hassle about hassling you policy, my eye has been eyeballing GMAC financing. Capital One is a nightmare as many know and I want to know if anyone has much troubles with GMAC.. or special notes of interest. Really really considering jumping ship and going with this company

09-03-2009, 09:49 AM	#4
ahart04 most bang for your buck Drives: 2010 2SS/RS CGM/BLK RALLYS Join Date: Jun 2009 Location: Austin Posts: 653	i already found a loan at a cred. union for 5.7% but just today i talked to my dealer and he said they could probably beat that. i'm gonna let him give it a go, maybe i can get out of my 10% req'd. down payment. btw cred score of 721. __________________ 2G1FT1EW8A9142133 Delivered to me 09/22/09!

09-03-2009, 09:53 AM	#5
nova Drives: 2010 Camaro 2SS/RS, VR, PW, WR Join Date: Jul 2009 Location: Huntsville, AL Posts: 838 View My Garage	I've only had them 2 months but they've been fine for the Malibu. That was a promo 0% APR though... __________________ 2010 2SS/RS, M6,VR,White Rally's,Polished Wheels Mods: skip shift eliminator (hey everybody's gotta start somewhere ) crappily painted engine cover...

09-03-2009, 10:07 AM	#6
homerlex Wait'ns the hardest part Drives: 2010 2LT/RS \|\| 2001 Tahoe Join Date: May 2009 Location: CT Posts: 249 View My Garage	I got 4.09% with GMAC (good credit score). At first they offered 4.89. I told them I could get 4.75 through a credit union. The dealer went back to GMAC and they offered 4.09 for any term up to 60 months. __________________ 2LT/RS Black/Black, Manual with Polished AL Wheels Order #NKNB5D Vin: 2G1FG1EV7A9132544 1100 - 06/09/2009 \| 2000 - 06/18/2009 \| 2500 - 06/23/2009 \| 3000 - 06/24/2009 3100 - 07/14/2009 \| 3300 - 07/14/2009 \| 3400 - 07/25/2009 \| 3800 - 08/04/2009 4B00 - 08/05/2009 \| 4100 - 08/06/2009 \| 4200 - 08/08/2009 \| 5000 - 08/20/2009 \|6000 - 08/22/2009 Target Production Week:Originally: 7/27, pushed to 8/10 then back to 7/27

09-03-2009, 11:26 AM	#7
Blazernut Drives: 2003 Z71 Tahoe, 2010 ABM 2SS Camaro Join Date: Jul 2009 Location: Sharpsburg, Georgia Posts: 76	PenFed Take a look at penfed.org. I do all of my loans thru them online and they are great. 3.99% up to 60mo. Approved and waiting on my ABM 2SS to be built next week....

09-03-2009, 09:13 AM	#2
firestone_ss Drives: 2010 camaro ss Join Date: May 2009 Location: Tacoma WA Posts: 779	you need 720 credit score or better

09-03-2009, 09:18 AM	#3
SSouthernboy Drives: 2010 CGM 2SS/RS Join Date: Dec 2008 Location: Houston, TX Posts: 114 View My Garage	Firestone_ss is correct, to get a good rate with gmac you need a good credit score. They gave me 5% rate with a good credit score.

09-03-2009, 12:08 PM	#9
Michael_Js SoCal C5 Family Member Drives: 2010 Camaro SS/RS - Black w/IOM; 6M Join Date: Jul 2009 Location: San Diego, CA, USA Posts: 5,299 View My Garage	3.99% for 60 (or 72 if you want) months... USEcu.org Got the check yesterday. NOW for MY CAR!!! __________________ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~ 2010 Black 2SS/RS; 6M; IOM, GFX, sunroof; ADM Race CAI; Zoomers CB; Viper Alarm; Pdaft F&R sways, Adj Endlinks, Rtrailing arms, Camber kit, strut brace, Front Trailing Arm Bushing; SLP Skip-Shift Elim; Tinted lights/windows; Hurst Short-throw; LoJack; Door & Dash ABL Mods; ********; JBA Shorty headers; AACStyle LEDs; Stillen DS rotors, Hawk Ceramic pads; Havoc Blk Chrome wheels: 20x9s; Lingenfelter Blk Al Pedals; RevXtreme Catch Can; Goodridge SS lines; Ported TB; RK Sport hood; Hotchkis chassis brace; KW V3 coilovers;

09-03-2009, 03:37 PM	#10
AngryAmish Drives: Impala Join Date: Mar 2008 Location: Pittsburgh, Pa. Posts: 813	I got 3.77% through Bank of America, but I got alot of incentives because they also hold my mortgage, etc. You could probably get mid 4's though as long as you have decent credit. __________________ Proud Owner of #168