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.