GM Financial

Welcome to the GM Financial Department at Ewald Auto, your trusted destination for all your financing and leasing needs. Our Chevy dealership near you understands that finding the right financial solution for your vehicle purchase is essential, and that's why our dedicated team is here to assist you every step of the way. With our expertise in General Motors (GM) vehicles and a deep understanding of GM Financial services, we are committed to helping you find flexible, competitive, and tailored financing options that fit your budget and lifestyle. Whether you're looking to finance a new Chevrolet, Buick, GMC, or Cadillac vehicle, or explore leasing opportunities, our Milwaukee Chevy dealership is ready to provide you with the highest level of service and guidance. Discover the convenience and peace of mind that comes with choosing the GM Financial Department at Ewald Auto, and let us make your auto financing experience exceptional.

Frequently asked questions about GM Financial

What is GM Financial?

GM Financial is the financial services arm of General Motors (GM), one of the largest automakers in the world. It is a subsidiary of General Motors and specializes in providing auto loans near you, leasing, and related services to customers and dealerships.

GM Financial offers a range of financial solutions to help individuals and businesses acquire and finance GM vehicles, including Chevrolet, Buick, GMC, and Cadillac brands. Their services include retail financing for Chevy trucks for sale, lease options, commercial lending for business customers, and dealer financing to support GM dealerships.

As a financial institution, GM Financial works closely with dealerships and customers to provide flexible auto financing options, competitive interest rates, and personalized Chevrolet deals that suit individual needs and budgets. They aim to make the vehicle financing and leasing process convenient, transparent, and accessible to a wide range of customers.

GM Financial also offers various online tools and resources to assist customers in managing their accounts, making payments, and accessing important account information. They prioritize customer support and have a dedicated customer service team to address inquiries, assist with payment arrangements, and provide general assistance throughout the financing or leasing term.

What services does GM Financial provide?

GM Financial provides a range of financial services tailored to the automotive industry. Some of the GM Financial services available at our Chevy dealership near you include:

• Retail Financing: GM Financial offers auto financing options for individuals looking to purchase a new or used vehicle. Customers can obtain auto loans near you with competitive interest rates and flexible terms to finance their vehicle purchase.

• Lease Programs: GM Financial provides leasing options for customers who prefer to have a shorter-term commitment or enjoy the benefits of driving a new vehicle more frequently. Leasing allows customers to enjoy lower monthly payments and the opportunity to upgrade to a new vehicle at the end of the lease term.

• Commercial Lending: GM Financial offers commercial lending solutions for businesses, including small and large fleets. This allows businesses to acquire vehicles for their operations and manage their fleet financing needs.

• Dealer Financing: GM Financial works closely with GM dealerships, providing financing solutions to support their inventory and retail operations. This includes floor plan financing, which enables dealerships to finance their inventory of vehicles for sale.

• Online Account Management: GM Financial provides an online platform where customers can access and manage their accounts. This allows customers to make payments, view statements, and monitor their account activity conveniently.

• Customer Support: GM Financial has a dedicated customer service team to assist customers with inquiries, payment arrangements, and general support related to their financing or leasing agreements.

How do I apply for financing or leasing through GM Financial?

To apply for financing or leasing through GM Financial, you have the option to apply online or in person at Ewald Auto. Here's a breakdown of the application process for both methods:

Online Application:

• Visit the GM Financial website or access the online finance/lease application portal provided by Ewald Auto.

• Fill out the required information in the online application form, which typically includes personal details, employment information, and financial information.

• Provide accurate and complete information, as this will help in the evaluation and processing of your application.

• Submit the application electronically through the website or portal.

• Once submitted, GM Financial will review your application and creditworthiness to determine eligibility and financing options.

• If approved, you will receive notification of your financing or leasing terms, including interest rates, monthly payments, and any additional requirements or documentation needed to complete the process.

• Follow the instructions provided by GM Financial to finalize the financing or leasing agreement, which may involve signing necessary documents and providing any required documentation.

In-Person Application at Ewald Auto:

• Visit Ewald Auto, our authorized Milwaukee Chevy dealership that works with GM Financial.

• Discuss your interest in financing or leasing a GM vehicle with a member of the sales or finance team at Ewald Auto.

• We will guide you through the application process and assist you in filling out the necessary paperwork.

• Provide the required information, including personal details, employment information, and financial information.

• Our dealership will submit your application to GM Financial on your behalf.

• GM Financial will review your application and creditworthiness to determine eligibility and financing options.

• If approved, our dealership will notify you of your financing or leasing terms and guide you through the final steps of the process, including signing necessary documents and providing any required documentation.
  
  

People also ask the following questions about GM Financial

What are the eligibility requirements for GM Financial financing or leasing?

The specific eligibility requirements for GM Financial financing or leasing can vary based on several factors, including your location, credit history, income, and the specific terms of the financing or leasing agreement. While the exact requirements may differ, here are some common factors that GM Financial considers during the application process:

• Credit History: GM Financial will review your credit history to assess your creditworthiness. A good credit score generally increases your chances of approval and may lead to more favorable financing or leasing terms. However, GM Financial also considers applicants with various credit profiles, including those with less-than-perfect credit.

• Income and Employment: GM Financial may evaluate your income and employment stability to determine your ability to make monthly payments. Having a steady income and employment history can positively impact your eligibility.

• Age and Residency: Generally, you must be at least 18 years old and a legal resident of the country in which you are applying for financing or leasing.

• Down Payment: Depending on the financing or leasing terms and your credit profile, GM Financial may require a down payment as part of the agreement. The amount of the down payment can vary based on factors such as the vehicle's price, loan-to-value ratio, and creditworthiness.

• Documentation: GM Financial may request specific documentation during the application process, such as proof of identity, proof of income, proof of residency, and possibly additional documentation based on individual circumstances.

What is the difference between financing and leasing with GM Financial?

When it comes to obtaining a vehicle through GM Financial, there are two primary options: auto financing and leasing. The main difference between the two lies in ownership and payment structure. Financing involves taking out a loan to purchase the vehicle. You make monthly payments over a specified term until you fully own the vehicle. Throughout the financing period, you build equity in the truck for sale in Milwaukee, and once the loan is paid off, you have complete ownership. On the other hand, leasing allows you to essentially rent the vehicle for a predetermined period, typically two to four years. During the lease term, you make monthly payments based on the depreciation of the vehicle. At the end of the lease, you return the vehicle or have the option to purchase it based on the predetermined residual value. Leasing often offers lower monthly payments and allows you to drive a new vehicle more frequently, while financing grants you full ownership and the flexibility to modify or sell the vehicle as desired. The choice between financing and leasing depends on your preferences, budget, and long-term goals. GM Financial provides both options to cater to different customer needs.

How long does the approval process for GM Financial take?

The approval process for GM Financial can vary in duration depending on several factors. Generally, the approval process aims to be efficient and streamlined. If you apply for financing or leasing through GM Financial online, you may receive a decision within minutes or a few hours. The online application allows for quick evaluation of your creditworthiness based on the information provided. However, for more complex applications or if additional information is required, the process may take longer. When applying in person at our dealership, the approval process typically involves our dealership submitting your application to GM Financial, which then evaluates your credit and financial information. This process can take a few hours or up to a couple of business days, depending on the volume of applications and the complexity of your financial situation. GM Financial strives to provide timely decisions to applicants and works diligently to expedite the approval process. The specific duration can vary, but GM Financial aims to provide a swift and efficient approval process to help you move forward with your vehicle financing or leasing plans.