Amadeusz Juskowiak

Gm gm unit to offer preapproved credit

General Motors Corps GMAC Financial Services said it plans to offer 25 billion dlrs in preapproved credit to more than two mln preferred customers in a nationwide direct mail campaign

The GM unit said the program is the largest automotive credit offer of its kind in history

GMAC Financial Services said the mailing will be completed by early March Selected current GMAC customers will receive offers of preapproved credit equal to the cash selling price of the vehicles they are currently financing rounded up to the next 1000 dlrs

Within this group Buick owners will also receive a special discount of 300 dlrs that would be provided by GMs Buick motor division if they accept GMACs offer to finance or lease a new Buick