Keep your business transactions with the business
Designed exclusively with the business owner in mind, our Third Party Guaranty Program allows you to keep your business transactions with the business - and your name off of the vehicle contract and title.
- Build credit in a business name only
- Debt will not show up on your personal credit bureau report, unless the Guarantor is unable to pay in the event of default
- Added protection from liability, since the Guarantor's name stays off the vehicle's title and contract. (As opposed to a co-buyer, whose name always appears on the title and contract)
- Provides additional security on a transaction, without forcing someone to be a co-buyer on the transaction
- Responsible for payment in the event of a default
- If the primary customer on the contract defaults, the guarantor will be contacted to arrange payment
- If the guarantor refuses to pay the debt, that default will be reported to both the customer and guarantor's credit bureau
Get more information
To find out more about our Third Party Guaranty Program, please contact your local dealer.
The Ally difference
Forget the same old account services you may have received at other auto financing companies.
At Ally, we think of our account services the same as we do our products – as something our customers see as being obviously better.
Like our Third Party Guaranty program, which is designed to let business owners focus on what they do best – doing business.