GM Financial
GM Financial
Welcome to the Ewald Chevy GM Financial Services center — your trusted partner in facilitating a seamless Chevy financing journey. Our team of financial experts are here to guide you through each step of the process, whether you're buying or leasing a vehicle at our Chevy dealership near you. We believe that auto financing shouldn't be a hurdle in your journey to owning the perfect vehicle, but rather a tool that makes your dream car more accessible and affordable. From understanding your budget and credit situation to finding the most competitive loan or lease terms, our Chevy dealer in Milwaukee is committed to providing custom solutions to meet your specific needs. If you’re ready to finance a car, visit Ewald Chevy and let us simplify the path to your new vehicle.
Frequently asked questions about GM Financial
What is GM Financial?
GM Financial is the captive finance company of General Motors, meaning it is fully owned by GM. The company provides auto financing options for GM purchases, both new and used, across the globe. Founded in 1992 and headquartered in Fort Worth, Texas, GM Financial provides retail loan and lease programs through auto dealers for customers across the credit spectrum. This company also provides commercial lending products to auto dealerships.
GM Financial plays a significant role in supporting GM vehicle sales while also providing a range of attractive Chevy financing offers for consumers. Whether you're planning to finance or lease a car for sale in Milwaukee, GM Financial has a variety of Chevrolet financing deals to help you get behind the wheel.
How do I apply for financing through GM Financial?
Applying for financing through GM Financial typically involves the following steps:
Choose a Vehicle: Determine which car for sale in Milwaukee you want to buy or lease. This can be done by visiting our Chevy dealership or browsing vehicles on the GM website.
Visit a GM Dealership: Go to a GM dealership, such as Ewald Chevy, where you'll find our team of experienced professionals who can guide you through the Chevy financing process. We can help you understand the various loan or lease options available, as well as any current promotions or incentives.
Complete a Credit Application: You'll need to complete a credit application, which includes providing information about your employment, income, and expenses. This application will be submitted to GM Financial for review.
Review Your Options: Once GM Financial reviews your application, they will send back financing options. Our dealership's finance team will discuss these with you, helping you understand the terms and choose the best financing plan for your lifestyle and budget.
Finalize Your Agreement: After you've decided on a financing option, you'll finalize your agreement and complete any additional paperwork. This will include signing a loan or lease contract.
Don’t forget to carefully review your credit report and ensure that you understand your credit score before applying for auto financing. Your personal credit health will play a major role in the Chevy financing deals available to you.
What credit score do I need to qualify for a loan or lease through GM Financial?
GM Financial provides auto financing solutions for customers with a wide range of credit profiles. While there's no definitive minimum credit score to qualify for a loan or lease, your credit score plays a significant part in determining the financing terms you're offered at our Chevy dealer in Milwaukee.
Here are a few general guidelines:
Prime Credit: Customers with a prime credit score (typically a FICO score of 670 or higher) are most likely to qualify for competitive interest rates and Chevy financing deals.
Subprime Credit: GM Financial also provides financing options for customers with subprime credit (typically a FICO score below 670). These customers may still qualify for a loan or lease, but the interest rates and terms may not be as favorable.
First-Time Buyers: GM Financial has Chevy finance offers specifically designed for first-time car buyers or those with a limited credit history.
Remember, your credit score isn't the only factor GM Financial will consider when reviewing your application. Other factors, including your income, employment status, and the vehicle's price, will also be considered.
People also ask the following questions about GM Financial
Can I pay off my GM Financial loan early?
Yes, generally speaking, you can pay off your GM Financial loan early. GM Financial typically does not charge prepayment penalties for consumers who choose to pay off their auto loans ahead of schedule. This means you can make additional payments, pay more than the minimum amount each month, or pay off the entire balance all at once, potentially saving you money in interest over the life of the loan.
However, it's crucial to verify the terms of your specific loan agreement, as they can sometimes vary. Be sure to reach out to GM Financial or review your contract to confirm whether you can make early payments or pay off your loan early without incurring any additional fees.
Bear in mind that if you do decide to pay off your loan early, you should ensure that any extra payments are applied to the principal balance of the loan (not future payments) to maximize your interest savings.
Where can I find information about my GM Financial account?
You can access information about your GM Financial account in several ways:
GM Financial Website: The primary way to access your account information is by visiting the GM Financial website and logging into your account. If you haven't created your account yet, you can register on their website. Once logged in, you can view your account details, make payments, update personal information, and more.
GM Financial Mobile App: Available for iOS and Android devices, GM Financial offers a convenient mobile app. The GM Financial app offers many of the same features as the online account, allowing you to review your account information, make your car payments, and manage your account from your mobile device.
Customer Service: You can also contact GM Financial's customer service for account information or assistance. Reach out via phone, mail, or sometimes through a live chat feature on their website.
At a GM Dealer: You may be able to get some account information or assistance at our Chevy dealership near you, although they might not have access to all details of your account.
Remember, it's essential to keep your login details secure to protect your personal information. And make sure to regularly check your account to stay updated with your payment schedule and any changes to your account.
As always, for the most accurate and up-to-date information, please refer to GM Financial's official resources or contact their customer service directly.
What type of insurance do I need for a vehicle financed through GM Financial?
When you finance a vehicle through GM Financial, you're typically required to maintain full coverage auto insurance for the entire duration of your car loan or lease. This is to protect the lender's interest, until the loan is fully repaid. Full coverage insurance usually includes:
Collision Insurance: This covers damage to your vehicle resulting from a collision with another vehicle or object.
Comprehensive Insurance: This covers damage to your vehicle from non-collision related incidents, such as theft, vandalism, natural disasters, fire, or contact with animals.
Liability Insurance: This is mandatory in most states and covers damages or injuries you cause to others in an accident.
Uninsured/Underinsured Motorist Protection: While not always required by lenders, it's a good idea to have this coverage to protect yourself if you're involved in an accident with a driver who doesn't have sufficient insurance.
Keep in mind, the specifics of what you need can vary depending on your individual circumstances, the terms of your loan or lease agreement, and the laws of your state. Always confirm the insurance requirements directly with GM Financial or your insurance agent.
Also, while maintaining full coverage insurance is typically a requirement for a financed vehicle, it's also a good idea for protecting your investment. Without it, you could be responsible for the full cost of repairs or replacing the vehicle in the event of a significant incident.