Financing that Fits- CLICK HERE FOR FINANCE INFORMATION
GMACFinancial Services issued the following release to announce that it hassold $5 billion of preferred membership interests and warrants to theU.S. Department of the Treasury as a participant in the Troubled AssetsRelief Program (TARP) established under the Emergency EconomicStabilization Act of 2008.
GM is encouraged by recentdevelopments involving GMAC, including the approval of bank holdingcompany status and the injection of this $5 billion in capital by theTreasury Department. GM and GMAC are working closely together torestructure their relationship in light of these new circumstances, andour goal continues to be the restoration of available credit to allowconsumers to purchase the cars and trucks of their choice.
Ray Young
Chief Financial Officer
Piece of Mind Becausenobody knows what the future holds, being completely prepared shouldalways be a top priority when financing a vehicle. You don’t want totake your chances as unexpected things can happen every day. OurBusiness Managers are always available to speak with you about theaffordable solutions that we offer to put you at ease for as long asyou are financing your vehicle. Accident & Health Insurance: You never know when you may become ill or even get injured and we allknow that the bills don’t stop just because you do. A & H Insurancewill actually make your vehicle payments for you while you are unableto work. Since you won’t have to worry about that payment, you canconcentrate on more important things. Life Insurance: If something were to happen to you, you don’t want to leave your lovedones with any additional financial burdens. Credit Life Insurance paysoff the entire balance of your loan, guaranteeing your beneficiary afree and clear title. It also does not deduct from any current policyyou have, leaving your family members in the best position possible. Gap Coverage: In the event that your vehicle is totaled and the insurance settlementis less than the balance on your loan, you would be responsible for thedifference. This could mean thousands of dollars on top of yourdeductible coming out of your pocket. Gap coverage is an inexpensivesolution that offers you peace of mind. Here is an example of how itworks: Loan balance...................................$15,000.00
Insurance value...............................$12,500.00
Difference.......................................-$2,500.00
Deductible....................................... $500.00
Your responsibility........................... $3,000.00
Your responsibility with GAP.….. $0.00 Please call one of our Business Managers today at for more information on how you can be completely covered. | 