Quote:
Originally Posted by BowtieBelle
GM doesn't finance the sales of all of their vehicles, or even HALF of them! My dad has a credit score of almost 800 and he doesn't use GM to finance his new truck. He wasn't even given that option by the dealer. My credit score is over 700 and I wasn't given Ally as an option. GM doesn't finance my new car. GM doesn't finance the new GM vehicle of anyone I own who has one. This is just misinformation. They got away from that side of the game because it's part of what sank them, and while you CAN still get a loan from GM it is no longer common like it once was.
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Now your dealer may make more from some other company than what ally or gm fin was offering. I can tell you that most of the people I know with a new truck that is dodge or gm are using ally. The only exceptions I know are people who use their own credit unions. I had a 2011 dodge ram and used ally cause it was 0.99 for 48 months. I am not sure how a bank makes money on that but hey whatever.