Average Rating
Buying a new car? GMAC provides car loans when purchasing a vehicle through a GM dealership. You can choose traditional financing which puts the title of the vehicle in your name, or one of the leasing options. With SmartLease by GMAC or SmartBuy by GMAC you get lower monthly payments, no worries about resale or trade-in, and the convenience of being able to have a new vehicle more often.
I used a GMAC loan a while back for a purchase of a used car, and have regretted it ever since! The company calls your home claiming that they have not received your recent payment, even though you sent it out days before! And this didn't just happen once, it happens constantly. I do not recommend using GMAC financial services for any aspect of your life!
I had a GMAC loan on one of my vehicles. I had bought it on a promotional 0 % down offer. I had the loan two years. I had no problems and couldn't beat the zero % interest rate. However I really got the run around two years into the 5 year loan when I wanted to do a complete pay off. I called several times for the payoff total. I sent that amount and they said I owed more because there was a few days interest. What a pain!
I just got approved for my car loan. It took a while to get approved there was a lot of paper work but my monthly payments are very reasonable
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 5.07%  |
5.13% |
| 30 Year Fixed | 5.56% |
5.63% |
| 1 Year ARM | 3.78% |
3.84% |
| 5/1 Year ARM | 4.11% |
4.19% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.79% | 4.79% |
| 10 Year Loan | 7.62% |
7.66% |
| 15 Year Loan | 7.75% |
7.79% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.29% | 0.29% |
| Money Market/Savings | 0.43% | 0.43% |
| 12 Month CD | 1.34%  |
1.36% |
| 60 Month IRA CD | 2.45% | 2.45% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 11.62%  |
11.43% |
| No Annual Fee Cards | 11.54% |
11.49% |
| Reward Cards | 12.08% |
12.00% |
| Small Business Cards | 10.88% | 10.88% |
| Student Cards | 14.85% | 14.85% |
| Platinum Cards | 11.57% |
11.53% |
