Automaker Helping Customers Find Loans To Buy New Cars

General Motors is helping car buyers find loans.

The car giant is launching a campaign this week to reach out to people who have stopped looking to buy cars because they think they can't get a loan. Their "financing that fits" program publishes a database that lets dealers locate banks and other lenders.

GM says although banks and finance companies have tightened credit, you may still have options you aren't aware of. This comes after GMAC, the financial arm of GM, said Monday that it would only make loans to people with credit scores of 700 or higher.

That high score could push buyers away from showrooms.

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  • by VBush Location: MHCY on Oct 17, 2008 at 02:42 PM
    AIG seems to have money to burn. Ask them.
  • by Devil Dog Location: New Bern on Oct 17, 2008 at 01:37 PM
    The days of the American car manufacturing business is coming to an end. GM and Chrysler are going out of business because of UNIONS, and Honda and Toyota will continue to flourish. Honda and Toyota are better products and are produced alot cheaper than GM and Chrysler products.They are innovative in car design and functionality. We have too many corporations on the public stock exchange, and alot of them should return to being private enterprises. UNIONS act as a crutch for people who don't want to work. Technology has replaced people, but the UNIONS have not resigned to that fact.
  • by John Location: Ayden on Oct 17, 2008 at 07:35 AM
    GM is going to people in the same situation that the mortgage loan companies did. People will be buying more than they can actually afford just because of a "deal" that looks good up front. The storm needs to be ridden out. Car companies (among other industries) might suffer a little, but for long-term success people need to keep their wallets in their pockets until we can get ourselves out of this mess.

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