GM heading towards a sub prime loan problem?
Looks as though they have been allowing sub prime loans more than other auto makers http://money.msn.com/investing/post--is-gm-headed-for-another-subprime-loan-crisis
Forum Discussion
gmcsmoke wrote:W4RLR wrote:
It's better to go through a bank or credit union anyway. Right now my credit union will loan money for a new car for 3% simple interest.
lol who do you think dealerships use? You think the dealership owner finances vehicles out of his own pocket?
The article is about the paper the finance arms of the OEM's hold. Not the financing the dealers place with outside banks.
