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Nonprime Auto Loans

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One size doesn't fit all.

When it comes to nonprime auto financing, GM Financial is the perfect fit.

Auto finance needs come in all shapes and sizes and it's important to find the right fit for your nonprime customers.

The GM Financial customer

A wide range of people, from office workers and professionals, to accountants and business owners, rely on nonprime financing. Many of GM Financial's nonprime customers are individuals who have experienced financially challenging personal events such as divorce, job loss, injury or illness.

Our nonprime customer*

Credit Bureau Score Range 500 - 700
Average Annual Income $64 – $70 k
Average Years at Present Employer 7
Average Years of Credit History 13
Homeowner 41%
Average Loan Amount $21,600
Average Down Payment 12%
Average Term (months) 71
Average Loan-to-Value (wholesale) 108%
New/Used Collateral 48% / 52%
Average Mileage at Origination 28,700 miles
U.S. Population 40% Subprime

Today, over 41 percent of Americans are in need of nonprime financing options. And, according to A.T. Kearney's 15th Annual Automotive Study, the economic downturn of 2008-2009 resulted in an additional 15 million Americans being classified as subprime.

†As used herein, "loans" include auto finance contracts originated by dealers and purchased by GM Financial
*Credit characterization of GM Financial's December 2013 quarter loan originations.
**According to Equifax FICO score distribution as of January 2013.

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