Spyker has chosen GMAC Financial Services as the preferred lender
By Andrew C., 26 Aug, 2010. 0 Comments
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GMAC Financial Services has been chosen as the preferred lender by Spyker Cars N.V. for the 500 Saab dealers in North America and globally. These dealers were acquired through Spyker's recent purchase of Saab Automobile from General Motors Co. Under this lender agreement with Spyker that takes effect immediately, GMAC is to supply dealers with inventory financing and retail auto loans. GMAC spokesman Tony Sapienza said that auto leasing is not included in the deal however GMAC is thinking about offering leases in some markets. Sapienza added that all the Saab dealers have received retail financing from GMAC and that a majority of them has received inventory financing. He clarified that the dealers may continue to operate under their existing lending agreements with GMAC. He said that since the company has had a long-term relationship with these dealers when they were a part of GM, it should be "an easy transition." [via autonews]
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