With a heavy heart, Holden announced on Monday the 17th of February 2020 that General Motors will be retiring the Holden brand in Australia and New Zealand. This decision has not been taken lightly, especially considering the iconic status of the Holden brand and the contribution it has made not only to GM, but to the development of the economies of Australia and New Zealand.
Enquire NowIs my Holden Financial Services loan account affected by General Motor’s decision to retire the Holden branch in Australia and New Zealand?
No, you can continue with your loan and your terms and conditions and scheduled loan repayments are unchanged.
Will Holden Financial Services still honour the Holden Guaranteed Value (HGV) amount at the end of my loan term?
Yes, this is unchanged. The HGV amount is subject to you keeping and returning your vehicle in an acceptable condition in accordance with the Fair Wear and Tear guidelines. The HGV amount may be reduced, if you do not keep your vehicle in an acceptable condition and/or you exceed your nominated kilometre allowance.
Do I still need to abide by the maximum kilometrage usage I selected for my HGV loan?
Yes, this is unchanged. An excess kilometre charge will be applied for each kilometre you travel above your nominated kilometre allowance in your loan contract.