Ford and GM’s New Banking Venture

Ford and GM just got the thumbs up to launch their own banks. It’s not exactly the most shocking news, but it’s definitely raised some eyebrows. So, what does this mean for car buyers?

What to Expect

For starters, it’s likely that Ford and GM will use their new banking arms to offer financing options to customers. This could make it easier for people to buy their cars, but it also means they’ll be tied to the manufacturer for their loan. It’s not a bad thing, but it’s definitely something to consider.

It’s also possible that Ford and GM will use their banks to offer other financial services, like insurance or credit cards. Because what’s a car without a fancy new credit card to go with it, right? It’s a bit ridiculous, but hey, if it makes buying a car easier, who are we to complain?