The latest program from General Motors could also help educators and qualified family members who have less than perfect credit

New Car Discounts

GM Unveils Educator Discount Program

At Auto Credit Express we realize that considering the higher cost of new cars, consumers with bad credit typically pick a low-mileage used car. But there are a select group of buyers who might discover that, following a recent announcement from General Motors, financing a new car might be nearly as affordable.

According to a press release issued last week, "Now through Jan. 2, 2015, current employees of a public or private school, university or college are eligible to participate in the new GM Educator Discount program and receive a significant discount on the purchase or lease of a new 2015 or 2014 Chevrolet, Buick or GMC vehicle."

"GM values the work our educators and support staff are doing across the county to create a strong, responsible workforce for the future," said Linda Stouffer, manager, Vehicle Purchase Programs. "The GM Educator Discount is our way of showing our support and appreciation for everyone in the education community."

In addition, GM is also notes that "Eligible Participants are able to sponsor their spouse or same-sex domestic partner (SSDP), where applicable, and dependent children and stepchildren, provided the children are either under 21 years of age or full-time students under 25 years of age on the date of purchase. (Note: Eligible SSDPs are treated the same as spouses and, therefore, their dependent children and stepchildren are also included.)"

The GM Educator Discount

The discount, which is about the same as GM offers to employees of its supplier companies, equates to, roughly, dealer invoice pricing and can be used on any 2015 or 2014 Chevrolet, Buick and GMC model except the 2014 Chevrolet Camaro Z/28 and Spark EV.

In most cases, buyers who quality for the program – even those with credit issues - can also deduct any current GM new car incentives offered on a particular model from the educator discounted price for even greater savings.

But just because an educator with credit issues qualifies for the discount program doesn't mean it can automatically be used for a high-risk car loan.

Qualifications for Problem Credit Buyers

Even if they quality, borrowers with iffy credit need to remember that they must follow certain guidelines set by the lender.

In this instance it means that once the lender has determined their vehicle budget and interest rate, it's up to the dealership to show them the cars that fit within those requirements.

In particular, the finance manager has to determine whether a new car eligible for the discount falls within the lender's guidelines. The fact is, in some cases it will and in some cases it won't.

Another issue that has to be addressed is that while we only work dealers that finance people with bad credit, not all General Motors new car dealers work with individuals that have experienced past credit issues.

We Can Help

The fact is, if you're an educator or a qualifying family member and you have poor credit, we can't promise that we can place you with a participating Chevrolet, Buick or GMC dealer. Even if we can, we also can't promise that you'll qualify for a vehicle that will allow you to take advantage of the GM Educator Discount. But then again, no one can.

What we can tell you is that Auto Credit Express helps buyers with damaged credit find those dealers that can offer them their best chances for an auto loan approval. So if you're ready, you can begin the process at this time by filling out our online car loan application.