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What type of financial products does GMac Financing specialize in?
Wiki User
∙ 10y ago
GMAC Financing specializes in auto financing for both private citizens as well as businesses. They offer a wide variety of financial services and solutions to meet the needs of their customers.
Wiki User
∙ 10y ago
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How can one contact GMAC financial?
There are many ways for one to contact GMAC Financial. One can contact GMAC Financial by sending them an e-mail message to their official e-mail address.
Does GMAC Mortgage LLC exist?
The company that used to be known as GMAC is now Ally Financial.Ally put the GMAC ResCap subsidiary (the one that included GMAC Mortgage) into bankruptcy in 2012, because of substantial losses; they wanted to get out of the mortgage business and focus on their highly profitable automotive financing business (General Motors Acceptance Company is where GMAC got its name from originally).This doesn't mean that a GMAC Mortgage LLC doesn't exist, but I'd be wary of dealing with them: if it's "really" GMAC, then they're in financial difficulty; if not, they're deliberately using a misleading name.
Is gmac bank a reputable financial institution?
No, GMAC was in bad financial difficulties and had to be bailed out. Another bank had taken them over and continues to run the troubled bank.
GMAC Auto Finance is now called what?
GMAC Auto Finance is now called Ally Financials. Ally Financials makes financing vehicles easy. It helps customers to manage finances through online banking and auto financing.
A New Era for GMAC Bank?
GMAC, or General Motors Acceptance Corporation, was founded in 1919 by General Motors as a means to providing financing to people who wished to buy cars. Over the years, GMAC evolved to include insurance and mortgage operations. In 2000, GMAC formed GMAC Bank to provide commercial financing and retail banking services to customers. In 2001, GMAC financed its 150 millionth vehicle, coming in at over one trillion dollars worth of financed vehicles. When the US Government took over a majority of the ailing General Motors in 2009, GMAC Bank came with it.Ally FinancialIn 2009, the banking arm of GMAC, now under the auspices of the US Government, re-branded itself as Ally Financial. It entered into a deal with Chrysler to provide financing services for Chrysler vehicles. Ally Financial also launched a fresh new retail banking operation, branding it Ally Bank. Ally Bank is founded on three principles: Do Right, Talk Straight, and Be Obviously Better. Ally Bank prides itself on having no fine print in its advertisements to customers. Ally Financial also provides the services of the previous GMAC bank - the automotive financing, commercial financing and mortgage arms remained intact.Ally Bank Blossoms Into A SuccessThough Ally Bank has only been around for a few years, the retail banking world has taken notice. Ally Bank has been somewhat of a pioneer in the online banking world - there are many offers and accounts that are only available online, such as an "online savings account", where you can open a savings account without ever having to go to a brick-and-mortar banking location. This particular account has been given awards by Kiplinger's Personal Finance Magazine and Money Magazine. With its history and reputation as the venerable former GMAC bank, Ally Financial seems to be uniquely capable of handling the myriad of banking challenges of the economic slowdown, and is positioning itself to be a bank of the 21st century.
Why did auto manufacturers divest financing companies and others retain financing like GMAC vs Ford Motor Credit?
Ford had the assets to continue it's financial division and GMAC was subsidized with TAXZPAYER money to continue it's financial operations.
How can one contact GMAC financial?
There are many ways for one to contact GMAC Financial. One can contact GMAC Financial by sending them an e-mail message to their official e-mail address.
Does GMAC Mortgage LLC exist?
The company that used to be known as GMAC is now Ally Financial.Ally put the GMAC ResCap subsidiary (the one that included GMAC Mortgage) into bankruptcy in 2012, because of substantial losses; they wanted to get out of the mortgage business and focus on their highly profitable automotive financing business (General Motors Acceptance Company is where GMAC got its name from originally).This doesn't mean that a GMAC Mortgage LLC doesn't exist, but I'd be wary of dealing with them: if it's "really" GMAC, then they're in financial difficulty; if not, they're deliberately using a misleading name.
Is Deutsche Bank affiliated with gmac?
Deutsche Bank is creditor of GMAC which is now owned by Ally Financial.
Is gmac bank a reputable financial institution?
No, GMAC was in bad financial difficulties and had to be bailed out. Another bank had taken them over and continues to run the troubled bank.
GMAC Auto Finance is now called what?
GMAC Auto Finance is now called Ally Financials. Ally Financials makes financing vehicles easy. It helps customers to manage finances through online banking and auto financing.
Do auto loans from GMac require a down payment?
GMAC was set up in order to provide financing for car buyers through their network or dealerships. In order to make make an auto loan from GMAC the individual would need a down payment.
A New Era for GMAC Bank?
GMAC, or General Motors Acceptance Corporation, was founded in 1919 by General Motors as a means to providing financing to people who wished to buy cars. Over the years, GMAC evolved to include insurance and mortgage operations. In 2000, GMAC formed GMAC Bank to provide commercial financing and retail banking services to customers. In 2001, GMAC financed its 150 millionth vehicle, coming in at over one trillion dollars worth of financed vehicles. When the US Government took over a majority of the ailing General Motors in 2009, GMAC Bank came with it.Ally FinancialIn 2009, the banking arm of GMAC, now under the auspices of the US Government, re-branded itself as Ally Financial. It entered into a deal with Chrysler to provide financing services for Chrysler vehicles. Ally Financial also launched a fresh new retail banking operation, branding it Ally Bank. Ally Bank is founded on three principles: Do Right, Talk Straight, and Be Obviously Better. Ally Bank prides itself on having no fine print in its advertisements to customers. Ally Financial also provides the services of the previous GMAC bank - the automotive financing, commercial financing and mortgage arms remained intact.Ally Bank Blossoms Into A SuccessThough Ally Bank has only been around for a few years, the retail banking world has taken notice. Ally Bank has been somewhat of a pioneer in the online banking world - there are many offers and accounts that are only available online, such as an "online savings account", where you can open a savings account without ever having to go to a brick-and-mortar banking location. This particular account has been given awards by Kiplinger's Personal Finance Magazine and Money Magazine. With its history and reputation as the venerable former GMAC bank, Ally Financial seems to be uniquely capable of handling the myriad of banking challenges of the economic slowdown, and is positioning itself to be a bank of the 21st century.
What is a gmac auto?
GMAC auto has recently changed their name to Ally and can be visited at Ally.com. Ally is an auto financing and leasing company that provides premier service for companies like Audi and GMC.
What does gmac stand for?
GMAC stands for General Motors Acceptance Corporation. After the reorganization of General Motors it was renamed Ally Financial and is a bank holding company that provides mortgages and car loans and other financial services.
What is the phone number for GMAC Financial Corporate US?
800 200 4622
Can a car be repossessed by the dealership?
If the dealer ship financed the vehicle, or represents the financing party, such Ford Finance, or GMAC, then yes they can.
