topic Re: GM Financial in Auto Loans

GM Financial

nycsimone — Tue, 11 May 2021 01:37:27 GMT

Does anyone know what the standard interest rates for GM financial are?

I'm sitting on an Auto 8 FICO that's around 720-730. Will I qualify for A+ tier?

Location is in Florida if that makes any difference.

Re: GM Financial

ridgebackpilot — Tue, 11 May 2021 05:25:57 GMT

Those scores should easily qualify you for their best rates. Do you have a previous relationship with GM Financial? If so, they may bump you up one or two tiers and approve you for a lower rate based on their experience with you.

Re: GM Financial

nycsimone — Tue, 11 May 2021 12:25:33 GMT

Nope. Never financed with GM financial.

Re: GM Financial

Loquat — Wed, 12 May 2021 01:15:05 GMT

OP with those scores you shouldn't have any issue with obtaining really good financing. As long as you have decent income you should be alright.

Re: GM Financial

dunn2500 — Fri, 14 May 2021 02:49:01 GMT

my brother was 820 and they gave him 4.5%, he paid it off quick but i have heard GM is a bit high on interest rates overall though from others as well....

Re: GM Financial

Dadof31978 — Fri, 14 May 2021 17:01:47 GMT

Captives like GM Financial will always be a little bit higher because 99/100 times you get some kind of incentive to use them from the dealer...ie they have to stay in business and make money somewhere..if you aren't getting a subvented rate, or a rebate to use them, no reason to use them and dealers know this.

Re: GM Financial

nycsimone — Sat, 15 May 2021 17:39:08 GMT

There’s a $1,500 rebate to finance with GM, that's why I'm doing it.

Anyone know what FICO score they're using? I've seen people say Transunion Auto 9 but that it varies by region. I'm in Florida.

Re: GM Financial

dunn2500 — Mon, 17 May 2021 06:34:52 GMT

i believe they pulled TU for me but idk if it was 8 or 9

Re: GM Financial

Anonymous — Thu, 20 May 2021 19:13:19 GMT

I just got into a new lease with GM Financial on 5/14. The dealer pulled and used FICO Auto 2 from Experian, then GM pulled and used FICO Auto 5 from Equifax.

I was told >720 was tier 1

I'm in the Tampa Bay region.

Re: GM Financial

Mjhall85 — Fri, 21 May 2021 00:00:47 GMT

I just got a preowned truck with GM financial and they pulled transunion and I got a 4.9% for 72 months on a 40k truck. My auto 8 is 690 on transunion.I live in Arizona

Re: GM Financial

Nikita2008 — Fri, 21 May 2021 00:01:13 GMT

There is usually tier 1 and tier 1 plus...those scores are probably tier 1

Re: GM Financial

dunn2500 — Fri, 21 May 2021 05:12:15 GMT

GM has pulled me once a year in last 3 years and it was always TU auto 8.....could be west coast thing for TU idk....

Re: GM Financial

nycsimone — Sat, 22 May 2021 13:40:01 GMT

Just got my brand new Acadia. GM pulled Equifax Auto 9 here in Florida.

Re: GM Financial

babygirl1256 — Mon, 24 May 2021 05:05:26 GMT

@nycsimone Congrats on your new Acadia . . . Enjoy!!!

Re: GM Financial

Loquat — Mon, 24 May 2021 21:36:36 GMT

@nycsimone wrote:
Just got my brand new Acadia. GM pulled Equifax Auto 9 here in Florida.

Very nice! Enjoy the new set of wheels!