GMAC Financial Services Declares Final Monthly Distribution Date for Superior Wholesale Inventory Financing Trust VIII

DETROIT, March 12 -- GMAC Financial Services today announced that the final monthly distribution date for Superior Wholesale Inventory Financing Trust VIII (SWIFT VIII) will occur on March 16, 2009. This will result in a termination of all of the outstanding SWIFT VIII Floating Rate Asset-Backed Term Notes, Series 2004-A (Series 2004-A Notes), and SWIFT VIII Floating Rate Asset-Backed Certificates, Class A (Class A Certificates).

The remaining principal balance of the Series 2004-A Notes will be paid on March 16, 2009, plus accrued interest from Feb. 17, 2009. A total of $500 million of Series 2004-A Notes were sold to the public in March 2004.

The Series 2004-A Notes may be presented and surrendered for payment to The Bank of New York Mellon Trust Company, N.A., Global Corporate Trust Services, P.O. Box 2320, Dallas, Texas 75221-2320. Interest on the Series 2004-A Notes will cease to accrue on and after March 16, 2009.

The principal balance of the Class A Certificates will be paid at $1,000 per $1,000 face amount, plus accrued interest from Feb. 17, 2009. A total of $132 million of Class A Certificates were issued in October 2003.

The Class A Certificates may be presented and surrendered for payment to HSBC Bank USA, National Association, 2 Hanson Place - 14th Floor, Brooklyn, New York 11217, Attention: Paulette Shaw. Interest on the certificates will cease to accrue on and after March 16, 2009.

About GMAC Financial Services

GMAC Financial Services is a bank holding company with operations in North America, South America, Europe and Asia-Pacific. GMAC specializes in automotive finance, real estate finance, insurance, commercial finance and online banking. As of Dec. 31, 2008, the organization had $189 billion in assets and serviced 15 million customers around the world. Visit the GMAC media site at http://media.gmacfs.com/ for more information.

  Contacts
  Beth Coggins
  O: 313-656-6964
  C: 313-410-0284
  beth.coggins@gmacfs.com

  Chris McNamee
  O: 917-369-2389
  C: 646-784-7804
  christopher.mcnamee@gmacfs.com