GMAC Financial Services
General Motors Acceptance Corporation (GMAC) is the financing affiliate of General Motors. Based in Detroit, GMAC is now majority owned by private-equity firm Cerberus. The company facilitates new and used-car financing of General Motors passenger vehicles and trucks. Through subsidiary units, GMAC Financial Services also makes mortgage and home-equity loans.
GMAC's Banking Company is now Ally Bank. They feature online savings accounts and CDs.
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