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GM loan showing CLOSED on my credit 2 part question

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    GM loan showing CLOSED on my credit 2 part question

    Hi all,

    Haven't been on in a minute, but am seriously looking to buy a new car, I want a Jeep, in about the 20K or less range, but I digress. I currently have a loan through GM, and they closed it out, but still making payments, so my question to you fine people - has this happened to you? If I stop making payments and let them repo it, would they report it since its closed? can they?

    2nd part - I am looking for a Jeep , I am leaning towards a cherokee or Complass, I was thinking of waiting to get a leftover since in my area when they go on clearance its around the 16-20K range. I am pre-qualified thru Cap 1 at a somewhat decent rate starting at 5.45 percent (hence why I want to wait until sept-oct when the new model year comes out, hoping my rate improves since I have been doing well on rebuilding my credit. Have you gotten a decent rate thru the dealer? I also do not mind a low mileage pre-owned. And how do I find my auto score? will i have to pay for that?

    I would love to hear your experiences!

    thanks in advance

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