Owning a Chevy gives you the freedom of the open road. But keeping up with monthly payments is key to avoiding hassles. If GM Financial finances your Chevy, you can easily pay your bill online through their website.
In this comprehensive guide, we’ll explain:
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What GM Financial is and their relationship with Chevy
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Why you get a bill from GM Financial for your Chevy
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How to log in and view your Chevy account
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Understanding your monthly bill charges
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Online payment options through GM Financial
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Setting up autopay for convenience
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Payment troubleshooting if your bill is incorrect
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FAQs about paying your Chevy car bill
Let’s get started on demystifying the GM Financial billing process!
What is GM Financial and Their Relationship With Chevy?
GM Financial provides auto financing and leasing services for General Motors brands including Chevrolet. When you finance or lease a new Chevy vehicle, GM Financial likely services the loan or lease contract.
Although affiliated, GM Financial operates as a separate finance company from Chevrolet. So you make your monthly payments directly to GM Financial based on your loan or lease agreement.
Think of it like financing furniture or an appliance through the store. The retailer handles the sale, while a finance company collects the payments.
This separation of concerns allows Chevy to focus on building amazing vehicles while GM Financial handles the financing logistics. But both companies aim to deliver a positive ownership experience.
Why Do I Get a Monthly Bill From GM Financial for My Chevy?
Since GM Financial manages the financing on your Chevy vehicle purchase or lease, they bill you each month to collect the owed payment amount.
Your payment goes towards:
- Principal on loan balances
- Interest charges
- Lease fees
- Any added products like gap insurance
GM Financial tracks what you owe and sends monthly statements for your records. They collect payments you make to stay on schedule with your auto financing agreement.
Receiving a direct bill from GM Financial is standard practice when financing a new Chevy from the dealership. The bill allows you to see a breakdown of what you’re paying for.
How To View Your Chevy Account on GM Financial’s Website
To conveniently access your Chevy account details online, you’ll first create a MyAccount login on GM Financial’s website.
Follow these instructions:
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Go to www.gmfinancial.com
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In the top right, click “Log In” then “MyAccount Login”
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Enter your email address and password
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Click “Log In”
This will bring you to your GM Financial dashboard. Here you can see:
- Account balance
- Recent bills
- Payment history
- Payment methods
- Communication inbox
Click on any statement link under “Account Documents” to view a detailed breakdown of your monthly Chevy bill.
Having an online account makes managing your Chevy financing easier than ever.
Understanding Your Monthly Chevy Bill Charges
Now let’s dive into the key charges that may appear on your monthly Chevy bill from GM Financial:
Monthly Payment Amount – The core amount due each month. Stays the same unless you prepay principal.
Itemization Fees – Any added products like gap insurance or maintenance plans.
Interest Charges – Interest accrued between statements based on your rate.
Late Fees – Assessed if payment is received past the due date.
Referral Fee – For loyal customers who refer others to GM Financial. Credits your account.
Taxes – Certain states levy sales tax on monthly payments.
Principal Balance – The remaining amount left to pay on your loan. Goes down each month.
Payoff Amount – Full balance required to pay off your Chevy financing early.
Review your bill carefully each month and contact GM Financial if you have any questions. Your customer service team is ready to help!
Paying Your Chevy Bill Online Through GM Financial
GM Financial offers several quick payment options to choose from:
- Credit card – Visa, Mastercard, American Express, Discover
- Debit card – Use your bank debit card
- eCheck – Free direct bank account withdrawals
- PayPal – Sync your PayPal wallet
- Wire transfer – For large lump sum payments
To pay online, log into your MyAccount and select your payment method. You can make one-time payments or set up recurring autopay.
You also have the option to pay by phone, mail, or in person if you prefer. GM Financial offers flexibility to pay your Chevy bill how you like.
Setting Up Autopay for Worry-Free Chevy Payments
For maximum convenience, sign up for autopay through GM Financial online. This securely links your Chevy payment method to be paid automatically each month.
Follow these steps:
- In your MyAccount, go to Payment Options
- Select your payment method
- Check the autopay box and pick a processing date
- Agree to the authorization form
With autopay in place, your Chevy payments happen on time without the effort. Just make sure your linked account has enough funds on the processing date each month.
Autopay makes financing your Chevy a true set-it-and-forget experience.
What If My GM Financial Chevy Bill Is Incorrect?
If you review your monthly Chevy bill and believe there is an error or incorrect charge, contact GM Financial right away to dispute it.
Some common issues that may need correcting:
- Inaccurate payment amount
- Duplicate charges
- Extra fees assessed
- Unrecognized credits or rebates
- Incorrect payoff quote
- Mistaken delinquency reports
GM Financial’s billing specialists will investigate and work to resolve any errors and adjust your account accordingly. Be proactive for a smooth financing experience.
Frequently Asked Questions About Paying Chevy Bills
Here are answers to some other common questions about managing Chevy payments through GM Financial:
Can I change my Chevy payment due date? Yes, you can request a different monthly due date if needed by calling GM Financial.
What is the best way to pay extra on my Chevy loan? Using online bill pay through your bank account allows you to customize the payment amount each month.
What if I lost my Chevy payment coupon book? You can access PDF statements in your online account or call for a replacement coupon book.
What is the cutoff time for online Chevy payments? Online payments are credited same day if submitted before 10 pm Eastern time.
Can I get text alerts about my Chevy payment status? Yes, in your MyAccount you can opt in to text notifications about billing activity.
What if I’m struggling to make my Chevy payment? Contact GM Financial immediately for help with options based on your situation.
Related Links and Resources
We have several payment options to fit your needs, including the ability to pay online or by mail, phone or credit card. To make a payment or set up auto pay, log in to gmfinancial.com/MyAccount or use the GM Financial mobile app for Android and iOS. Online payments made with a bank account are free. Debit payments may incur a fee. GM Financial does not accept payments made in person.
Your account balance may differ from your payoff balance due to interest charges, fees and other items that may be credited or debited to your account. Lease customers may have an outstanding balance for all contractual obligations, such as late fees and excess wear and use charges.
You will typically receive a title or lien release, depending on the state the vehicle is titled in, 30 days after your account is paid in full (or earlier as required by state law).
Please keep the following information in mind when making payments online:
- The minimum payment you can make online is $10
- To ensure on-time payment, please allow up to two business days for payments to post to your account, excluding weekends and bank holidays. The regular payment acceptance deadline is 7:30 p.m. CT Monday – Saturday
- GM Financial cannot cancel a payment once it has been submitted and authorized. Please contact your financial institution to cancel a payment. You can change or cancel future dated ACH payments, or turn off auto pay, by logging in to gmfinancial.com/MyAccount or the GM Financial mobile app for Android and iOS
- You cannot postdate a partial payment online
- GM Financial is not responsible for payment delays
- For more information on payment restrictions, go to https://www.gmfinancial.com/en-us/resources/payment-options.html
You can sign up for text alerts and/or email notifications in your account. Just log in and edit your profile to make changes.