Nuvell (GMAC) questions

Discussion in 'Credit Talk' started by gagliano3, Sep 19, 2003.

  1. gagliano3

    gagliano3 Well-Known Member

    I'm wondering if anyone knows about Nuvell Credit Corporation.

    Got e-mail from Nuvell:

    "Nuvell, a wholly-owned subsidiary of GMAC, is an indirect non-prime financial services provider assisting credit-challenged customers in
    obtaining a new or used GM or Saturn vehicle. Since we do not offer direct to consumer financing, you should visit your local GM or Saturn dealer to
    ask about qualifying on Nuvell's programs. Our programs include a 9.9% APR on select new GM vehicles or 9.9% APR for select new Saturn vehicles."

    My question is, do they actually offered only 9.9% APR? I had bankrupty which was discharged July 2003.

    Does anyone have any experience with Nuvell?

    Thomas Gagliano
  2. jezy

    jezy Active Member

    It is not 9.9 for those of us who are "credit challenged"
  3. firstclass

    firstclass Well-Known Member

    I got nevell after bk I told them I did not want pay over 15% so they gave me 14.9% LoL
  4. ppt3

    ppt3 Well-Known Member

    Yes Nuvell does have 'buy' rates as low as 9.9% the programs are tiered & go up from there. There is no guarntee you can get approved on the top tier. If you have good prior gmac credit that will help.
  5. gagliano3

    gagliano3 Well-Known Member

    Does our current (never late, keeps paying) Honda auto loan with Honda help? We're considering getting a Saturn car or VUE

    Thomas Gagliano
  6. WranglerTJ

    WranglerTJ Well-Known Member

    lucky you...I tried the same, but got a 18.95% rate over 5 years...just paid off Nuvell and tried a goodwill for 6 lates from 3 years ago...didn't work.

    I was also "credit challenged" nut then again, I had a repo a year before I got this loan

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