What is another name for GM Financial?
Founded in 1992 as AmeriCredit Corp., the company was acquired by GM in October 2010 and renamed General Motors Financial Company, Inc. The company provides retail loan and lease programs through auto dealers for customers across the credit spectrum.
General Motors Financial Company, Inc.
General Motors Financial Company, Inc. provides automobile financing services. The Company offers purchasing, leasing, and servicing for retail automobile customers while providing commercial lending products to dealers to finance businesses growth.
GM Financial is the wholly owned captive finance subsidiary of General Motors and is headquartered in Fort Worth, Texas.
No, it is not. The GM Financial Right Notes program is a direct investment in demand notes issued by General Motors Financial Company, Inc., which is a wholly owned subsidiary of General Motors. Ally Demand Notes are securities issued by Ally Financial.
GM Financial uses a collateral agent, Wells Fargo Bank N.A., to hold a security interest in all newly originated leases and leased vehicles for GM Financial's and the exchange noteholders' benefit.
Ally Financial has remained a major auto lender since being spun off from General Motors 14 years ago, but it now faces the prospect of greater competition from the Detroit automaker.
On Oct. 1, 2010, AmeriCredit Corp. was acquired by General Motors Company and renamed General Motors Financial Company, Inc. (GM Financial).
GM Financial's alternatives and competitors. See how GM Financial compares to similar products. GM Financial's top competitors include Agora Data, Ally Financial, and AutoNation.
The ownership structure of General Motors (GM) stock is a mix of institutional, retail and individual investors. Approximately 47.51% of the company's stock is owned by Institutional Investors, 6.80% is owned by Insiders and 45.69% is owned by Public Companies and Individual Investors.
Is it hard to get financed through GM Financial?
Prequalified car financing through GM Financial is easy, convenient and secure. Looking for a new car? GM Financial offers a variety of auto finance options to help you get behind the wheel of a new or used car, truck or SUV — and we look beyond your credit score to make a decision.
Total debt on the balance sheet as of December 2023 : $122.64 B. According to General Motors's latest financial reports the company's total debt is $122.64 B. A company's total debt is the sum of all current and non-current debts.
Is GM Financial good? GM Financial is a good option if you're looking to finance a vehicle from the General Motors family of brands. It offers loans and leases throughout the United States, and you can pre-qualify for financing online, saving you time at the dealership.
Finance Your Vehicle
Fit a new vehicle into your budget with custom finance options from GM Financial.
No, the Right Notes are not subject to the protection of any insurance, including FDIC insurance or regulation. An investment in the Right Notes is not equivalent to a savings, deposit or other bank account.
Early history
GM remained based in Detroit and was reincorporated and named General Motors Corporation in 1916. The Chevrolet auto company and Delco Products joined GM in 1918, and the Fisher Body Company and Frigidaire joined in 1919 (the latter was sold in 1979).
Wachovia Bank is now Wells Fargo Bank following a merger in March 2010.
Wells Fargo is a public company, collectively owned by its shareholders. Wells Fargo has traded on the New York Stock Exchange since 1962. The largest institutional shareholders of Wells Fargo are Vanguard, BlackRock, and Fidelity.
| Company logo since 2019 | |
|---|---|
| Wells Fargo's office in San Francisco, California | |
| Number of employees | 238,698 (2022) |
| Subsidiaries | Wells Fargo Advisors Wells Fargo Bank, N.A. Wells Fargo Rail Wells Fargo Securities Wachovia First Union CoreStates Financial |
| Website | wellsfargo.com |
In May 2009, GMAC Bank was rebranded as Ally Bank. In May 2010, GMAC re-branded itself as Ally Financial.
What credit score do you need for 0 financing?
Lenders want to ensure you have a near-perfect history of making payments and handling your debt before offering you no-interest financing. An excellent credit score — 781 or higher — will get you the best deal on financing, but you can still qualify for a competitive interest rate if your score is 670 or higher.
You agree that you are providing your written instructions to GM Financial under the Fair Credit Reporting Act authorizing GM Financial to obtain information from your personal credit profile or other information from TransUnion.
Riding strong momentum
GM's revenue in the fourth quarter was essentially flat compared to the year-ago period. However, net income rose 5.4%. And for the full year, the company's sales of $172 billion climbed 9.6% versus 2022. Management also provided upbeat guidance that pleased Wall Street analysts.
Each month, GM Financial's customers make payments on their auto loans. GM Financial earns (or receives) the net interest margin – which is the difference between the interest rate that our customers pay on their auto loans and the interest rate paid to the investors.
We're always here for you. While we've retired some iconic nameplates – Pontiac, Hummer, Oldsmobile, Saturn, and Saab – we haven't forgotten about the vehicles – or you, the owners. If you own one of these discontinued brands, see how we can still support all your service and care needs.
