On ebay someone is selling an HP41 "with GMAC Card".
I assume they mean module. But what is it?
HP41: What is a GMAC module?
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04-02-1999, 06:24 PM
On ebay someone is selling an HP41 "with GMAC Card". I assume they mean module. But what is it?
04-02-1999, 10:51 PM
Not a card, a module. I think it was/is used by GM car dealerships to calculate loans.
04-03-1999, 03:20 PM
The GMAC module was manufactured for the General Motors Acceptance Corp - GM's financing division. One of my fondest calculator memories is when I purchased a 1983 Pininfarina Spider from the local Buick dealer. He was using his HP41 with the GMAC module to calculate my monthly payment. After announcing the payment, I pulled out my HP41 with the PPC module, punched in the data and announced that wasn't what I got! "Oh. I just assumed you'd want the credit life insurance." Doctor
04-07-1999, 07:44 AM
According to my bank manager a GMAC module had a proprietary program which included certain fees and charges not otherwise shown to customers leasing /buying thru GM's financing subsidiary. Sales people just pumped in a few key numbers and watched the calc do the work. Remember GM doesn't make money buidling cars, it makes money financing sales/leases of autos. It is a bank disguised as auto manufacturer. Up here in Canada they and their dealers have successfully lobbied the government to continue a ban on banks entering the auto leasing business. |
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