General Motors enhances its military discount program in a way that could help some borrowers with damaged credit save even more on a car loan
More Incentives for GM Military Discount
Those who serve

Last week General Motors announced an enhancement to their military discount program that could potentially help members of the military with problem credit.

We realize this here at Auto Credit Express because we've spent the past twenty years helping car buyers with bad credit that have been searching for online car loans find those dealers where they'll have their best chances for car loan approvals.

Last week received this press release from General Motors:

GM sweetens military discount for Buick, Chevy and GMC

Enhancements to GM's vehicle discount program will save active and reserve military members thousands of dollars when they purchase a new Chevrolet, Buick or GMC car or truck.

The simplified GM Military Discount program offers an invoice model and options cost (less than the Manufacturer's Suggested Retail Price) plus destination fees and a $150 program fee for eligible vehicles. It improves what was already the most generous vehicle discount in the industry.

The discount can be combined with most current incentives – including bonus cash, consumer cash, GM Card and trade-in allowance. Also included is a 2-year/24,000-mile scheduled maintenance program on new 2014 models.

"GM has long supported the military and military families, and we hope this simplified and enhanced discount will show our appreciation for their service and help make it easier for them to own one of our great new vehicles," said Chuck Thomson, general manager, GM Retail Sales and Marketing Support.

GM's military discount is available to more military members than any other brand: active duty, reserves, veterans within one year of discharge date and military retirees and their spouses.

At the GM Military Discount Program web site active and reserve members of the U.S. Air Force, Army, Navy, Marines, National Guard and Coast Guard can obtain additional information about their new-vehicle discount, in addition to specific, model-by-model examples.

The impact on military personnel with problem credit

The good news for members of the military with damaged credit is that this discount can be used regardless of the buyer's credit scores. So if members of the armed forces find themselves in this situation, why wouldn't they take advantage of this enhanced program from GM?

There are, in fact, a couple of reasons these buyers might not be able to.

First, just because a borrower qualifies for a military discount doesn't mean it can be used if they require financing from a subprime auto lender. The high-risk lending process isn't the same as traditional car lending. In this instance, once a lender determines the payment range and interest rate the borrower qualifies for, it's up to the special finance department to determine which vehicles in inventory meet these requirements.

In other words, the “payment call” will determine whether a new car that's eligible for a military discount meets the lender's requirements. In some cases it will and in some cases it won't.

Secondly, finding a dealer that is even willing to work with consumers with bruised credit can frequently be difficult.

As we see it

We'd like to offer tip of the hat to General Motors for making their vehicles even more affordable to military personnel.

One more tip: if you're in the military, have problem credit and you're having difficulty finding a dealer willing to help, consider this: Auto Credit Express specializes in matching consumers with damaged car credit to dealers that can offer them their best chances for approved car loans.

So if you're ready to establish your auto credit, you can begin now by filling out our online car loan application.