Financing that Fits- CLICK HERE FOR FINANCE INFORMATION
GMAC Financial Services issued the following release to announce that it has sold $5 billion of preferred membership interests and warrants to the U.S. Department of the Treasury as a participant in the Troubled Assets Relief Program (TARP) established under the Emergency Economic Stabilization Act of 2008.
GM is encouraged by recent developments involving GMAC, including the approval of bank holding company status and the injection of this $5 billion in capital by the Treasury Department. GM and GMAC are working closely together to restructure their relationship in light of these new circumstances, and our goal continues to be the restoration of available credit to allow consumers to purchase the cars and trucks of their choice.
Ray Young
Chief Financial Officer
Piece of Mind
Because nobody knows what the future holds, being completely prepared should always be a top priority when financing a vehicle. You don’t want to take your chances as unexpected things can happen every day. Our Business Managers are always available to speak with you about the affordable solutions that we offer to put you at ease for as long as you are financing your vehicle. Accident & Health Insurance: You never know when you may become ill or even get injured and we all know that the bills don’t stop just because you do. A & H Insurance will actually make your vehicle payments for you while you are unable to work. Since you won’t have to worry about that payment, you can concentrate on more important things. Life Insurance: If something were to happen to you, you don’t want to leave your loved ones with any additional financial burdens. Credit Life Insurance pays off the entire balance of your loan, guaranteeing your beneficiary a free and clear title. It also does not deduct from any current policy you have, leaving your family members in the best position possible. Gap Coverage: In the event that your vehicle is totaled and the insurance settlement is less than the balance on your loan, you would be responsible for the difference. This could mean thousands of dollars on top of your deductible coming out of your pocket. Gap coverage is an inexpensive solution that offers you peace of mind. Here is an example of how it works: 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 (540) 324-4449 for more information on how you can be completely covered. | 