Business Vehicle Financing
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Financing to Fit Your Business
We know business owners need quick facts and straight answers about financing choices. Ally has a variety of plans designed to help you get the job done.
Traditional retail financing for commercial-use vehicles
An open-end lease that allows you to define the residual value and manage your cash flow
A closed-end lease with a fixed term so you can refresh your fleet more often
Specialty Vehicle Financing
If you need to modify or up-fit a vehicle such as adding a crane, lift device or towing equipment, Ally has financing for your vehicle plus essential up-fits. You can choose to:
Modify trucks, vans or other commercial vehicles with special business equipment
Comply with accessibility needs by adding mobility lifts and right-hand drive capability
You can also include modifications with SmartLease as long as they can be removed at lease-end without affecting the original condition of the vehicle.
Heavy Duty Truck Financing
If you’re in the market for a new or used Class 8 truck, Ally can make light work of your heavy duty financing needs. We offer:
Business name only financing for qualified customers
Dedicated Commercial Product Specialists nationwide
Flexible term options up to 75 months
Available retail financing on eligible new and used vehicles
Financing for vehicles up to 6 models years old with up to 700,000 miles, depending on collateral type
Ask your local dealer about Ally Class 8 vehicle financing.
Commercial Line of Credit
For qualified customers who want to build their fleet, Ally can offer a pre-approved line of credit when you need it – without a fee. With a commercial line of credit, you can:
Purchase or lease commercial vehicles
Finance most passenger cars as well as light- and medium-duty trucks
Preserve your bank credit line for other business needs
Manage your total financing portfolio regardless of product
To start the financing process, download and complete a commercial line of credit application (PDF).
Financing in the Business Name
If you're looking to finance commercial vehicles in the name of your business without affecting your personal credit, Ally features two solutions.
When you want to buy or lease vehicles in the name of your business but need to secure additional financing, you may act as a third-party guarantor. This allows you to keep your name off the title and may keep the debt off your personal credit record. Keep in mind, if your business defaults, you may become liable and the debt may be reported on your personal credit record.
Business name only
If your business qualifies for financing without the owner's guaranty, you can obtain financing in the business name only. This gives you the ability to save your personal credit for other use as well as:
Build credit in your business name
Protect yourself from liability related to the operation of the vehicle
Find a local dealer to learn more about how Ally financing works for your business.
Municipal Lease-Purchase Plan
A municipal lease-purchase plan is designed for municipalities that intend to own their vehicles. Although the vehicle is titled in the municipality's name, Ally holds the lien. Because your municipality owns the vehicle at lease-end, there are no mileage limits or excess wear charges.
Features and benefits
Monthly or annual payment options
No disposal fee
No security deposit required
Most up-fits are eligible, including passenger cars and light- and medium-duty trucks
Qualified, tax-exempt municipalities for federal tax purposes (including states or political subdivisions of state governments) are eligible.
Municipalities should consult with their legal departments regarding tax-exempt status. Tax-exempt status alone does not automatically qualify an entity as eligible.
To find out if you qualify, see Section 103 of the IRS code.