stefalb

As Goes GM, So Goes U.S. Government Credit

The money comes from the car buyer. The buyer makes his monthly payment to GMAC. For the buyer this payment is calculated on 0% interest. GMAC or the dealer buys the car from GM at a lower price, discounted to reflect an interest rate, margin, and risk premium, agreed on between GM and GMAC. It is all internal accounting.


On Jan 04 02:18 PM Geary wrote:

> Stefab -
>
> Do you actually read what you type - WHERE do you think the money
> "paid" to GMAC by GM comes from? Are you datf?