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General Motors to offer Car Loans from other lenders besides GMAC

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General Motors to offer Car Loans from other lenders besides GMAC

Posted January 5 2009 04:04 AM by staff 
Filed under: Industry News, General Motors

DETROIT -- GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors Corp. financing incentives, as part of the complex deal that gave the troubled lender billions in federal aid.


The move could reduce the Detroit automaker's dependence on GMAC to provide financing and possibly boost its sales by giving consumers more options for affordable loans.


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