Wednesday, November 3, 2010

Has your credit got you down? Are low rates will pick you up.

Almost one year ago General Motors created a partnership with AmeriCredit Financial, one of the leading sub prime finance companies in the industry. That partnership led to General Motors acquisition of AmeriCredit on October 1, 2010 and many happy new car owners with less then perfect credit. Not since GMAC's sub prime arm Nuvell was in business, have I seen rates this low for customers with bumps and bruises on their credit report. It has been a very positive experience from my side of the desk to see the look on a customers face when I tell them their interest rate is under 7% even with a recent bankruptcy. The new GM Financial/AmeriCredit program has been a blessing for so many. This program makes owning some of the most dependable vehicles on the road a reality without a high price tag, for those customers that have credit problems. A typical customer can purchase a 2011 Chevrolet Malibu 1LT with all applicable incentives and $1000.00 cash down for under $380.00 per month. That same car financed with any other sub prime lender would be over $420.00 per month. Not only are you saving an initial $40.00 per month you also save at the pump with an impressive 33 mpg on the highway which is best in class. I will say this if your credit has got you down, come see how are low rates can help pick you up.

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