Obligation Alliant Financial 6.75% ( US370425SL58 ) en USD

Alliant Financial

100 % ▼

Etas-Unis

US370425SL58 ( en USD )

6.75% par an ( paiement semestriel )

01/12/2014 - Obligation échue

Prospectus brochure de l'obligation Ally Financial US370425SL58 en USD 6.75%, échue

2 000 USD

1 750 000 000 USD

370425SL5

Ally Financial est une société de services financiers diversifiée offrant des produits bancaires aux consommateurs et aux concessionnaires automobiles, notamment des prêts automobiles, des comptes bancaires, des cartes de crédit et des investissements.

L'Obligation émise par Alliant Financial ( Etas-Unis ) , en USD, avec le code ISIN US370425SL58, paye un coupon de 6.75% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 01/12/2014

PROSPECTUS SUPPLEMENT
(To Prospectus Dated September 16, 2003)
$2,500,000,000
General Motors
Acceptance Corporation
$1,750,000,000 6.75% Notes due December 1, 2014
$750,000,000 Floating Rate Notes due December 1, 2014
The 6.75% Notes will mature on December 1, 2014. Interest will accrue from November 24, 2004 at the rate of 6.75%
per year payable semi-annually in arrears on June 1 and December 1 of each year, commencing on June 1, 2005. The notes
will not be redeemable prior to maturity unless certain events occur involving United States taxation.
The Floating Rate Notes will mature on December 1, 2014. Interest will accrue from November 24, 2004 at the rate of
3-month LIBOR plus 2.20% per year payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each
year, commencing on March 1, 2005. The notes will not be redeemable prior to maturity unless certain events occur
involving United States taxation.
Application will be made to list the 6.75% Notes and the Floating Rate Notes on the Luxembourg Stock Exchange.
6.75% Notes due December 1, 2014
Per Note
Total
Public Offering Price (1)
99.431%
$1,740,042,500
Underwriting Discount
0.425%
$
7,437,500
Proceeds, before expenses, to General Motors Acceptance Corporation
99.006%
$1,732,605,000
Floating Rate Notes due December 1, 2014
Per Note
Total
Public Offering Price (1)
99.2738%
$744,553,500
Underwriting Discount
0.400%
$
3,000,000
Proceeds, before expenses, to General Motors Acceptance Corporation
98.8738%
$741,553,500
(1) Plus accrued interest from November 24, 2004 if settlement occurs after that date.
Investing in the 6.75% Note and the Floating Rate Notes involves risks. See "Risk Factors" on page S-3.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of
these securities or determined if this prospectus supplement or the related prospectus is truthful or complete. Any
representation to the contrary is a criminal offense.
The notes will be ready for delivery in book-entry form only through The Depository Trust Company, the Euroclear
System or Clearstream Banking, société anonyme, Luxembourg on or about November 24, 2004.
Joint Book-Running Managers
Banc of America Securities LLC
JPMorgan
Merrill Lynch & Co.
Morgan Stanley
Barclays Capital
BNP PARIBAS
Credit Suisse First Boston
Banca IMI
Banco Nazionale del Lavoro
BNY Capital Markets, Inc.
WestLB
November 17, 2004

Table of Contents
Prospectus Supplement
Page
Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-3
Incorporation of Certain Documents by Reference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-3
Directors of GMAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-5
Ratio of Earnings to Fixed Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-6
Consolidated Capitalization of GMAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-6
Selected Consolidated Financial Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-7
Use of Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-9
Description of Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-9
United States Federal Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-17
Underwriting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-21
General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-24
Legal Opinions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-25
Prospectus
Page
Principal Executive Offices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Where You Can Find More Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Incorporation of Certain Documents by Reference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Disclosure Regarding Forward-Looking Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Description of General Motors Acceptance Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Ratio of Earnings to Fixed Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Use of Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Description of Debt Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Description of Warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
Plan of Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
Legal Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
Experts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
Unless the context indicates otherwise, the words "GMAC", "we", "our", "ours" and "us" refer to General
Motors Acceptance Corporation.
You should rely only on the information contained in or incorporated by reference in this prospectus
supplement and the accompanying prospectus. We have not, and the underwriters have not, authorized any other
person to provide you different information or to make any additional representations. We are not, and the
underwriters are not, making an offer of any securities other than the notes. This prospectus supplement is part of
and must be read in conjunction with the accompanying prospectus dated September 16, 2003. You should not
assume that the information appearing in this prospectus supplement and the accompanying prospectus, as well
as the information incorporated by reference, is accurate as of any date other than the date on the front cover of
this prospectus supplement.
We will deliver the notes to the underwriters at the closing of this offering when the underwriters pay us the
purchase price of the notes. The underwriting agreement provides that the closing will occur on November 24,
2004, which is five business days after the date of the prospectus supplement. Rule 15c6-1 under the Securities
Exchange Act of 1934 generally requires that securities trades in the secondary market settle in three business
days, unless the parties to a trade expressly agree otherwise.
The distribution of this prospectus supplement and the accompanying prospectus and the offering of the
notes may be restricted in certain jurisdictions. You should inform yourself about and observe any such
restrictions. This prospectus supplement and the accompanying prospectus do not constitute, and may not be used
in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not
authorized or in which the person making such offer or solicitation is not qualified to do so or to any person to
whom it is unlawful to make such offer or solicitation.
This prospectus supplement and the accompanying prospectus include particulars given in compliance with
the rules governing the listing of securities on the Luxembourg Stock Exchange. GMAC accepts full
responsibility for the accuracy of the information contained in this prospectus supplement and the accompanying
prospectus and, having made all reasonable inquiries, confirm that to the best of our knowledge and belief there
are no other facts the omission of which would make any statement contained in this prospectus supplement and
the accompanying prospectus misleading.
Unless otherwise specified or the context otherwise requires, references in this prospectus supplement and
accompanying prospectus to "dollars", "$" and "U.S.$" are to United States dollars.

RISK FACTORS
Prospective investors should carefully consider all of the information set forth in this prospectus
supplement, the accompanying prospectus and any documents incorporated by reference therein before deciding
to invest in any of our 6.75% Notes due December 1, 2014 (the "6.75% Notes") or our Floating Rate Notes due
December 1, 2014 (the "Floating Rate Notes" and, together with the 6.75% Notes, the "Notes"). The following
is not intended as, and should not be construed as, an exhaustive list of relevant risk factors. There may be other
risks that a prospective investor should consider that are relevant to its own particular circumstances or
generally.
You are Relying Solely on Our Creditworthiness
The Notes will constitute our unsubordinated and unsecured obligations and will rank equally among
themselves and equally with all or our other unsubordinated and unsecured obligations (other than obligations
preferred by mandatory provisions of law). If you purchase the Notes, you are relying on our creditworthiness
alone.
Our Credit Ratings May Not Reflect All Risks of Your Investments in the Notes
Our credit ratings are an assessment by rating agencies of our ability to pay our debts when due.
Consequently, real or anticipated changes in our credit ratings will generally affect the market value of the Notes.
These credit ratings may not reflect the potential impact of risks relating to structure or marketing of the Notes.
Although Application Will Be Made to List the Notes on the Luxembourg Stock Exchange, We Cannot
Assure You That an Active Trading Market May Develop for the Notes
We can provide no assurance regarding the future development or maintenance of a market for the Notes
or the ability of holders of the Notes to sell their Notes.
If such a market were to develop, the Notes could trade at prices which may be higher or lower than the initial
offering price depending on many factors independent of our creditworthiness, including, among other things:
· the time remaining to the maturity of the Notes;
· the outstanding principal amount of the Notes; and
· the level, direction and volatility of market interest rates generally.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The SEC allows us to "incorporate by reference" information we file with them, which means that we can
disclose important information to you by referring you to those documents, including our annual, quarterly and
current reports, that are considered part of this prospectus supplement and accompanying prospectus. Information
that we file later with the SEC will automatically update and supersede this information.
S-3

We incorporate by reference the documents set forth below that we previously filed with the SEC. These
documents contain important information about General Motors Acceptance Corporation and its finances.
SEC Filings
Period
Annual Report on Form 10-K . . . . . . . . . . . . .
Year ended December 31, 2003.
Quarterly Reports on Form 10-Q . . . . . . . . . . .
Quarters ended March 31, 2004, June 30,
2004 and September 30, 2004.
Current Reports on Form 8-K . . . . . . . . . . . . .
Filed on January 20, 2004*, February 11,
2004, April 20, 2004*, April 29, 2004*,
April 30, 2004, July 21, 2004*, August 31,
2004*, October 14, 2004*, October 15, 2004,
October 18, 2004, October 19, 2004*,
October 26, 2004, November 5, 2004 and
November 10, 2004.
*
This asterisk indicates reports submitted to the Securities and Exchange Commission which include
information "furnished" pursuant to Items 2.02 and 7.01 under General Instruction B of Form 8-K, or Items
9 and 12 of Form 8-K under the General Instruction B of Form 8-K in effect prior to August 23, 2004, and is
not deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934. The
information furnished pursuant to Items 2.02 and 7.01 in such reports, or Items 9 and 12 in reports filed
prior to August 23, 2004, is not subject to the liabilities of Section 18 of the Securities Exchange Act of
1934, is not incorporated into this prospectus and GMAC does not intend to incorporate these reports by
reference into any filing under the Securities Act or the Exchange Act.
You may, at no cost, request a copy of the documents incorporated by reference in this prospectus
supplement and accompanying prospectus, except exhibits to such documents, by writing or telephoning the
office of L. K. Zukauckas, Vice President and Corporate Controller, at the following address and telephone
number:
General Motors Acceptance Corporation
200 Renaissance Center
Mail Code 482-B08-A36
Detroit, Michigan 48265-2000
Tel: (313) 665-4327
This prospectus supplement and accompanying prospectus, together with the documents incorporated by
reference, will be available free of charge at the office of Banque Générale du Luxembourg S.A., 50 Avenue
J. F. Kennedy, L-2951, Luxembourg.
S-4

DIRECTORS OF GMAC
Name
Position
Walter G. Borst . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treasurer, General Motors Corporation
Richard J. S. Clout . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Vice President
Gary L. Cowger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
President, General Motors North
America and Group Vice President,
General Motors Corporation
John M. Devine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Vice Chairman and Chief Financial
Officer, General Motors Corporation
Eric A. Feldstein . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chairman, General Motors Acceptance
Corporation and Group Vice President,
General Motors Corporation
John E. Gibson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Vice President
Sanjiv Khattri . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Vice President and Chief
Financial Officer
William F. Muir . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
President, General Motors Acceptance
Corporation
W. Allen Reed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Vice President and Chief Investment
Funds Officer, General Motors
Corporation
G. Richard Wagoner, Jr . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chairman and Chief Executive Officer,
General Motors Corporation
The above directors do not hold any significant positions outside of General Motors Corporation, GMAC
and their respective subsidiaries.
The business address of each director and the location of GMAC's principal executive offices is 200
Renaissance Center, Detroit, Michigan 48265-2000, United States.
S-5

RATIO OF EARNINGS TO FIXED CHARGES
Unaudited
Nine Months Ended
Year Ended
September 30,
December 31,
2004
2003
2003
2002
1.52
1.60
1.57
1.43
The ratio of earnings to fixed charges has been computed by dividing earnings before income taxes and
fixed charges by the fixed charges.
See "Ratio of Earnings to Fixed Charges" in the accompanying prospectus for additional information.
CONSOLIDATED CAPITALIZATION OF GMAC
(Unaudited)
(In millions of U.S. Dollars)
September 30,
2004
Short-Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 53,436
Long-Term Debt (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
205,957
Total Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$259,393
Stockholder's Equity
Common stock, $.10 par value (authorized 10,000 shares, outstanding 10 shares) and paid-in
capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
5,770
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16,380
Accumulated other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
614
Total stockholder's equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 22,764
Total Capitalization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$282,157
(a) Includes fair value adjustment of $1,433.
Note: Commitments and contingencies of GMAC are as disclosed on page 79 of the Annual Report on Form
10-K for the year ended December 31, 2003.
There has since September 30, 2004 been no material change in the capitalization and indebtedness of the
Company.
S-6

SELECTED CONSOLIDATED FINANCIAL DATA
The following table sets forth our selected financial data derived from our audited consolidated financial
statements for the two years ended December 31, 2003 and 2002 and from our unaudited financial statements for
the nine months ended September 30, 2004 and 2003. We do not publish non-consolidated financial statements.
We believe that all adjustments necessary for the fair presentation thereof have been made to the unaudited
financial data. The results for the interim period ended September 30, 2004 are not necessarily indicative of the
results for the full year. The following information should be read in conjunction with the consolidated financial
statements and related notes incorporated by reference in this prospectus supplement and in the accompanying
prospectus. See "Incorporation of Certain Documents by Reference" in this prospectus supplement and the
accompanying prospectus.
As of
As of
September 30,
December 31,
2004
2003
2003
2002
(in millions of U.S. Dollars)
Balance Sheet Data:
Assets
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 24,417
$ 21,221
$ 17,976
$
8,103
Investment securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12,979
13,327
13,200
14,605
Loans held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20,116
18,402
19,609
15,720
Finance receivables and loans, net of unearned income
Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
151,266
121,238
134,511
93,588
Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
45,540
42,708
43,046
43,605
Allowance for credit losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3,412)
(3,272)
(3,195)
(3,059)
Total finance receivables and loans, net . . . . . . . . . . . . . . . . . . . . .
193,394
160,674
174,362
134,134
Investment in operating leases, net . . . . . . . . . . . . . . . . . . . . . . . . .
25,533
26,322
24,368
24,220
Notes receivable from General Motors . . . . . . . . . . . . . . . . . . . . . .
4,486
2,849
3,151
3,178
Mortgage servicing rights, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,775
3,258
3,720
2,683
Premiums and other insurance receivables . . . . . . . . . . . . . . . . . . .
1,951
1,930
1,960
1,742
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25,158
27,869
29,817
23,343
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$311,809
$275,852
$288,163
$227,728
Liabilities
Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$259,393
$225,408
$238,862
$183,232
Interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,922
2,693
3,122
2,719
Unearned insurance premiums and service revenue . . . . . . . . . . . .
4,621
4,115
4,228
3,497
Reserves for insurance losses and loss adjustment expenses . . . . .
2,474
2,239
2,340
2,140
Accrued expenses and other liabilities . . . . . . . . . . . . . . . . . . . . . .
17,390
18,094
15,725
14,642
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,245
3,089
3,650
3,667
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
289,045
255,638
267,927
209,897
Stockholder's equity
Common stock, $.10 par value (10,000 shares authorized,
10 shares outstanding) and paid-in capital . . . . . . . . . . . . . . . . .
5,770
5,641
5,641
5,641
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16,380
14,448
14,078
12,285
Accumulated other comprehensive income loss . . . . . . . . . . . . . . .
614
125
517
(95)
Total stockholder's equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22,764
20,214
20,236
17,831
Total liabilities and stockholder's equity . . . . . . . . . . . . . . . .
$311,809
$275,852
$288,163
$227,728
S-7

Nine Months Ended
September 30,
2004
2003
(in millions of U.S.
Dollars)
Income Statement Data:
Revenue
Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 7,496
$ 6,139
Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,559
1,437
Loans held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
770
822
Operating leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5,018
5,173
Total financing revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14,843
13,571
Interest and discount expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6,801)
(5,608)
Net financing revenue before provision for credit losses . . . . . . . . . . . . . . . . . . . . . . . . .
8,042
7,963
Provision for credit losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1,361)
(1,229)
Net financing revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6,681
6,734
Insurance premiums and service revenue earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,643
2,257
Mortgage banking income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,726
2,033
Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
660
664
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,510
2,276
Total net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14,220
13,964
Expense
Depreciation expense on operating lease assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,727
3,767
Compensation and benefits expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,185
2,171
Insurance losses and loss adjustment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,774
1,683
Other operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,973
2,872
Total noninterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10,659
10,493
Income before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,561
3,471
Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,259
1,308
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 2,302
$ 2,163
S-8

Year Ended
December 31,
2003
2002
(in millions of U.S.
Dollars)
Income Statement Data:
Revenue
Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 8,323
$ 6,649
Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,950
2,059
Loans held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,024
843
Operating leases, net of depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,913
2,058
Total financing revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13,210
11,609
Interest and discount expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7,564)
(6,835)
Net financing revenue before provision for credit losses . . . . . . . . . . . . . . . . . . . . . . . . .
5,646
4,774
Provision for credit losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1,608)
(2,028)
Net financing revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4,038
2,746
Insurance premiums and service revenue earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,134
2,689
Mortgage banking income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,696
2,064
Investment income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
279
(95)
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,309
3,739
Total net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13,456
11,143
Expense
Compensation and benefits expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,838
2,474
Insurance losses and loss adjustment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,302
2,033
Other operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,932
3,695
Total noninterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9,072
8,202
Income before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4,384
2,941
Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,591
1,071
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 2,793
$ 1,870
USE OF PROCEEDS
We will receive net proceeds before expenses of $1,732,605,000 from the sale of the 6.75% Notes, and
$741, 553,500 from the sale of the Floating Rate Notes. We estimate that our expenses will be approximately
$500,000. The expected net proceeds from the sale of the securities will be added to the general funds of GMAC
and will be available for the purchase of receivables, the making of loans or the repayment of debt. Such
proceeds initially may be used to reduce short-term borrowings or invested in short-term securities.
DESCRIPTION OF NOTES
General
The following description of the particular terms of the Notes offered hereby supplements and, to the extent
that the terms are inconsistent, replaces, the description of the general terms and provisions of the Debt Securities
set forth in the accompanying prospectus. The Notes are a series of the Debt Securities registered by GMAC in
September 2003 to be issued on terms to be determined at the time of sale.
The 6.75% Notes will be issued in an initial aggregate principal amount of $1,750,000,000. The Notes
offered hereby will be issued pursuant to an Indenture dated as of July 1, 1982, as amended (the "Indenture"),
which is more fully described in the accompanying prospectus, and the form of Notes have been authorized and
approved by resolution of our Board of Directors on August 12, 2003.
S-9

The Floating Rate Notes will be issued in an initial aggregate principal amount of $750,000,000. The Notes
offered hereby will be issued pursuant to the Indenture, which is more fully described in the accompanying
prospectus, and the form of Notes have been authorized and approved by resolution of our Board of Directors on
August 12, 2003.
The Indenture and the Notes are governed by, and construed in accordance with, the laws of the State of
New York, United States.
6.75% Notes
The 6.75% Notes will mature on December 1, 2014. The 6.75% Notes are not redeemable by GMAC prior
to maturity unless certain events occur involving U.S. taxation. See "Redemption for Tax Reasons." The Notes
will bear interest, calculated on the basis of a 360-day year consisting of twelve 30-day months, from November
24, 2004 at the rate of 6.75% per year, payable on June 1 and December 1 of each year, the first payment to be
made on June 1, 2005 in respect of the period from and including November 24, 2004 to but excluding June 1,
2005, to the persons in whose name the 6.75% Notes are registered at the close of business on the 15th day of the
calendar month next preceding such June 1 and December 1.
Floating Rate Notes
The Floating Rate Notes will mature on December 1, 2014. The Floating Rate Notes are not redeemable by
GMAC prior to maturity unless certain events occur involving U.S. taxation. See "Redemption for Tax Reasons."
Interest on the Floating Rate Notes will be computed on the basis of the actual number of days elapsed over
a 360-day year. Interest will be paid quarterly on March 1, June 1, September 1 and December 1 of each year
(each a "Floating Rate Notes interest payment date") and on the maturity date, the first payment to be made on
March 1, 2005 in respect of the period from and including November 24, 2004 to but excluding March 1, 2005 to
the persons in whose name the Notes are registered at the close of business on the 15th day of the calendar month
preceding such Floating Rate Notes interest payment date; provided, however, that interest payable on the
maturity date shall be payable to the person to whom the principal of such notes shall be payable.
Interest payable on any Floating Rate Note interest payment date or the maturity date shall be the amount of
interest accrued from, and including, the next preceding Floating Rate Notes interest payment date in respect of
which interest has been paid or duly provided for (or from and including the original issue date, if no interest has
been paid or duly provided for with respect to the Floating Rate Notes) to, but excluding, such Floating Rate
Notes interest payment date or maturity date, as the case may be. If any Floating Rate Notes interest payment
date (other than the maturity date) would otherwise be a day that is not a business day, such Floating Rate Notes
interest payment date will be postponed to the next succeeding day that is a business day, except that if such
business day is in the next succeeding calendar month, such Floating Rate Note interest payment date (other than
the maturity date) shall be the next preceding business day. If the maturity date of the notes falls on a day that is
not a business day, the related payment of principal and interest will be made on the next succeeding business
day as if it were made on the date such payment was due, and no interest will accrue on the amounts so payable
for the period from and after such date to the next succeeding business day.
By "business day" we mean a day which is not a day when banking institutions in the city in which the
trustee administers its corporate trust business, currently New York City, or in the place of payment, are
authorized or required by law or regulation to be closed, and that is also a "London business day", which is a day
on which dealings in deposits in U.S. dollars are transacted in the London interbank market.
The interest rate on the Floating Rate Notes will be reset quarterly on March 1, June 1, September 1 and
December 1 of each year, commencing March 1, 2005 (each, an "interest reset date"), and the Notes will bear
interest at a per annum rate equal to three-month LIBOR (as defined below) for the applicable interest reset
period (as defined below), plus 2.20%. The interest rate for the initial interest reset period will be three-month
LIBOR, determined as of two London business days prior to November 24, 2004 (the "original issue date"), plus
2.20% per annum. The "initial interest reset period" will be the period from and including the original issue date
S-10