You have choices - buy, lease or Ally Buyer's Choice
Use this handy chart for a side-by-side comparison of buying, leasing and Ally Buyer's Choice, our new program for eligible GM and Chrysler brand vehicles.
Buy | Lease | Ally Buyer's Choice | |
|---|---|---|---|
| Ownership | You own the vehicle | Drive a new vehicle more often | You own the vehicle but have an option to prepay by selling it to Ally at 48 months |
| Mileage limits | No limits The value of your vehicle may decline with higher mileage | Mileage limits Charges for excess mileage above amount agreed to in your lease agreement | Mileage limits only apply if you choose to sell the vehicle to Ally Excess mileage deducted from the vehicle price only if you opt to sell the vehicle to Ally |
| Maintenance/Wear | You choose what and when to repair You can change the appearance of the vehicle | Leasing company sets maintenance guidelines Vehicle appearance can't be changed | Maintenance level is only a factor if you intend to sell the vehicle to Ally Vehicle appearance can be changed, but it may impact the sale price if you opt to sell the vehicle to Ally |
| Monthly Payments | Usually higher (compared to leasing) Pay for vehicle over term of the contract | Usually lower (compared to buying) | You own the vehicle - choose to pay for the vehicle over the contract's term or sell it to Ally at a predetermined price after only 48 months of use |
