GMAC will continue to provide auto loans to both GM and Chrysler consumers during General Motors bankruptcy. A motion filed by General Motors to allow GMAC to provide loans was approved by the U.S. Bankruptcy Court.

Chrysler also started offering zero percent interest auto loans through GMAC for some of Chrysler’s car models. The zero percent promotional deal runs until July 1st, 2009. Chrysler is also in bankruptcy but will emerge a lot stronger and a more viable company with Fiat being a major owner of the new Chrysler.