answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do auto loans from GMac require a down payment?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where should I get an auto loan?

The good place to get an auto loan is GMAC, Acura, Car Max and many of the car rental companies has good auto loans. They also have real good deals and rates on their auto loans.


Where can one find an auto payment calculator?

You can find an auto payment calculator from a variety of sources. You can ask your local dealership, a car loans site or your personal bank loans department.


Will a calculator for auto loans help you determine what your monthly payment will be?

Yes, a calculator for auto loans will help you determine how much your monthly payment will be and that is because it will balance out your auto loan will be for, and calculate how much you will own each month dependent on how much your loan will be.


Why is collateral needed for loans and what types of loans require it?

Collateral is needed for loans to provide security for the lender in case the borrower is unable to repay the loan. Types of loans that typically require collateral include mortgages, auto loans, and business loans.


Where can one find information on GMC Auto Insurance?

The best place to find information about GMAC Insurance would be the official GMAC Insurance website. Contacting a GMAC branch near you can provide you with an auto insurance quote.


What is balloon payments?

A balloon payment is a large, lump sum payment made either at specific intervals, or more commonly, at the end of a long-term balloon loan. Balloon payments are most commonly found in mortgages, but may be attached to auto and personal loans as well.


What exactly is an auto loan amortization ?

The term "auto loan amortization" simply refers to the payment shedule associated with an auto loan. Auto loans can be obtained at a variety of financial establishments, whilst amortization schedules for such loans are available online.


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 types of loans require a cosigner?

Some types of loans that may require a cosigner include student loans, personal loans, and auto loans. A cosigner is typically needed when the primary borrower does not have a strong credit history or income to qualify for the loan on their own.


How can I consolidate my auto loans and credit cards into one manageable payment?

To consolidate auto loans and credit cards into one manageable payment, you can consider applying for a debt consolidation loan. This loan combines all your debts into a single payment with a potentially lower interest rate, making it easier to manage your finances.


What are the different types of payment loans available for individuals seeking financial assistance?

The different types of payment loans available for individuals seeking financial assistance include personal loans, student loans, auto loans, and mortgages. Personal loans are used for various purposes, while student loans are specifically for educational expenses. Auto loans are for purchasing vehicles, and mortgages are for buying homes. Each type of loan has its own terms and conditions, interest rates, and repayment schedules.


Can a person on Social Security Disability be sued for auto loans?

Why are the being sued? past due on auto loans They can be sued. I think your question is - if they win the judgement, can they garnish the SSI payment. NO. See link for citation