GM Lending Is Back

The manufacturers have always had the edge on aggressive lending to move their product.  We all know about 0% which was
introduced in the early 2000’s.  The excitement was all over the country when the “big 3” offered 0%.  Now, GM is taking on a new challenge: Credit Challenged Customers.

They are taking it on with their new lender, GM Financial.  GM Financial has 2 divisions for the customer with challenged credit: leasing and purchases.  They will finance a short term lease with credit as low as a 500 Equifax score on a new Chevrolet.  This program is unheard of in the leasing world.  GM Financial also has a sub vent program where the rates are as low as 0.9 % on a new Chevrolet on customers with an Equifax score in the high 400’s.  Getting a great rate on a new Chevy even with challenged credit is possible if you know where to look…McCluskey Chevrolet. Paul Cluxton, Sales Manager