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Lowest score to get loan w/ GMAC?

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Anonymous
Not applicable

Lowest score to get loan w/ GMAC?

Just noticed their are some great offers on the 2010 Dodge Nitro including 1.9% APR to "well qualified buyers." 

 

Does anyone know what would score would be considered "well qualified?"

 

TIA 

Message 1 of 3
2 REPLIES 2
creditisbetter2
Contributor

Re: Lowest score to get loan w/ GMAC?

It's been in my experience that anything over 620 will get you a decent rate but to get that 1.9% I would have to say they want you in the 700's

Message 2 of 3
Anonymous
Not applicable

Re: Lowest score to get loan w/ GMAC?

Thanks for the reply!

 

I figured a score in the 700's was needed for such a good offer.  I recently made some payments to all my CC's but I doubt they'll show up reported at the CRA's in time to get my score anywhere near there. 

 

Hopefully this won't be the last time they'll be offering such good financing deals!

Message 3 of 3
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