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General Motors Company Message Board

  • the_moolah_mullah the_moolah_mullah Aug 9, 2013 3:34 PM Flag

    Gonna cost more for GM to finance deadbeats

    (((NEW YORK (Bloomberg) -- The lending unit of General Motors that finances buyers with blemished credit is paying more to borrow in the asset-backed debt market, signaling that rates on auto loans are poised to climb. General Motors Financial Co., formerly known as AmeriCredit, is offering top-ranked securities maturing in 2.1 years to pay as much as 50 basis points, or 0.5 percentage point, more than the benchmark swap rate, according to a person with knowledge of the transaction who asked not to be identified because terms aren't public. The Fort Worth, Texas-based company paid 40 basis points more than swaps on similar debt sold June 13, up from 24 basis points on April 3.)))

    Sentiment: Strong Sell

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    • Deadbeats flock to Hyundai, they think they don't have to do any maintenance for 10 years or 100k miles until they find out if they missed an oil change their warranty is denied.

      Why doesn't Hyundai warranty transfer to a second owner Mooster?

      Because they depend on folks like you that have sucker written on their forehead!

      • 3 Replies to nail_head_a
      • ((((Deadbeats flock to Hyundai, they think they don't have to do any maintenance for 10 years or 100k miles until they find out if they missed an oil change their warranty is denied.))))

        You DO realize the average Hyundai owner's credit score is higher than that of the average Chevy owner?

        In fact, Chevrolet is one of the ten lowest brands in terms of owner's credit ratings.

        Google article entitled "Volvo buyers have best credit scores among all auto shoppers"

        Sentiment: Strong Sell

      • I have a Hyundai with almost 200,000 miles tires timing belts and breaks was all that needed. Why will GM not pay taxpayers bail-out back? Why would you own stock in a company that stays underwater?

      • "Because they depend on folks like you that have sucker written on their forehead! "

        yah, it's not like hyundai is going to go bankrupt, be bailed out with USA tax money and then end-around on the payback. then cry about buying America made products! and sit by while the city that was built around them burns.

        nope, not like that at all...

 
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