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Subprime Auto Loans†
One size doesn't fit all.
When it comes to subprime 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 subprime customers.
The GM Financial customer
A wide range of people, from office workers and professionals, to accountants and
business owners, rely on subprime financing. Many of GM Financial's subprime customers are
individuals who have experienced financially challenging personal events such as divorce, job loss,
injury or illness.
Our subprime customer*
| Credit Bureau Score Range |
500 - 800 |
| Average Annual Income |
$65 – $70 k |
| Average Years at Present Employer |
7 |
| Average Years of Credit History |
13 |
| Homeowner |
44% |
| Average Loan Amount |
$21,300 |
| Average Down Payment |
12% |
| Average Term (months) |
70 |
| Average Loan-to-Value (wholesale) |
108% |
| New/Used Collateral |
51% / 49% |
| Average Mileage at Origination |
27,500 miles |
Today, over 41 percent of Americans are in need of subprime 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 2012 quarter loan originations.
** According to Equifax Risk Score (ERS) distribution as of January 2013.