Business Auto Finance and Lease
Commercial Services Group (CSG)
Commercial Services Group (CSG)
Our business is your business, and our CSG team is ready to help you achieve your goals.
We offer:
• Expert assistance – Commercial Product Specialists with advanced knowledge of commercial auto financing and leasing to provide you with expert guidance and answer your questions
• Dedicated support for you – A team that only serves dealers with commercial lending, so it’s easy to get support in sales, underwriting, funding and servicing, seven days a week
• Superior service for your customers – A dedicated customer service team to personally assist your business customers, because satisfied customers are more likely to do business with your dealership again
Popular Tools and Guides
Finance Products
Retail Finance and SmartLease®
Financing solutions for business customers who want predictable costs and competitive rates.
ComTRAC® Lease
An open-ended lease that gives businesses more control of leasing terms and mileage.
Municipal Lease-Purchase Plan
A plan specifically designed for municipalities that intend to own their vehicles.
Get a side-by-side view of finance products
SmartLease®
Available for personal and business customers for select makes and models
ComTRAC®
Available for business customers only
Municipal Lease-Purchase Plan
Available for eligible municipalities
VEHICLE TITLE
SmartLease
Vehicle is titled in Ally’s name
ComTRAC
Vehicle is titled in Ally’s name
municipal lease
Vehicle is titled in the municipality’s name; Ally holds the lien
VEHICLE USE
SmartLease
Vehicle is for business or personal use
ComTRAC
Vehicle is for business use more than 50% of the time
municipal lease
Vehicle is only used for essential government work
UPFITS
SmartLease
N/A
ComTRAC
Most upfits are eligible (contact your underwriting representative)
municipal lease
Most upfits are eligible (contact your underwriting representative)
RESIDUAL VALUE
SmartLease
Ally determines residual value
ComTRAC
Variable based on term and can be set as low as 0%
municipal lease
$1 residual
PAYMENT TERMS
SmartLease
Customer makes regular monthly payments or has a one-time payment option
ComTRAC
Customer makes regular monthly payments
municipal lease
The customer has flexible monthly, quarterly, semi-annual and annual payment options
MILEAGE CHARGES
SmartLease
Customer must pay over-mileage charges, if any
ComTRAC
No mileage limits, but mileage may impact vehicle’s residual value
municipal lease
No mileage limits
EXCESS WEAR CHARGES
SmartLease
Customer must pay excess wear charges, if any
ComTRAC
No excess wear charges, but excess wear may impact vehicle’s residual value
municipal lease
No excess wear charges
RESIDUAL RESPONSIBILITIES
SmartLease
Closed-end lease – customer is not responsible for residual value at end of lease
ComTRAC
Open-end lease – customer is responsible for residual value at end of lease
municipal lease
Customer is responsible for $1 residual value at end of lease
DISPOSITION FEE
SmartLease
Up to $395 (limitations apply)
ComTRAC
$250 ($500 medium duty)
municipal lease
None
AVAILABILITY
SmartLease
Every US state
ComTRAC
Every US state
municipal lease
Every US state
MAKES
SmartLease
Qualifying vehicles as listed in the Residual Value Lease Guide (RVLG)
ComTRAC
New and used passenger vehicles
Passenger cars, light-duty trucks and medium-duty trucks
Most upfitted vehicles
municipal lease
New and used (less than 1 year old) passenger cars
Passenger, light- and medium-duty trucks
Certain upfitted vehicles
Emergency vehicles
CUSTOMER BENEFITS
SmartLease
Flexible terms, including 12 – 60 month lease lengths and 10,000 –15,000 mileage options, to better meet customer budgets
Supported lease terms for select OEM programs in addition to our standard lease terms
Most SmartLease terms end before the new vehicle limited warranty ends, so the manufacturer typically pays for major coverage repairs during the lease term
ComTRAC
Financing of a wide range of commercial vehicles, including those with unusual or specialized upfits, high mileage requirements, or abnormal depreciation
Flexibility in determining monthly payments so customers can manage their cash flow
municipal lease
Flexible financing and payment schedules
The ability to acquire vehicles when needed, not just certain times of year
Clear documentation with clauses that municipalities often require
Budget-friendly terms
DEALER BENEFITS
SmartLease
Terms designed to attract and retain customers while helping build loyalty to your dealership
Access to a number of useful tools and resources for registered users of Ally Dash
Ally Dealer Rewards earnings for eligible standard rate contracts
ComTRAC
Potential for improved customer retention and repeat business
Residuals that are tailored to meet your customers’ business requirements
Another leasing option for your commercial customers
May help reduce customer concerns over unexpected lease-end cost (though customer is responsible for the residual at lease-end)
Access to a number of useful tools and resources for registered users of Ally Dash
municipal lease
A new market for your dealership
Access to a number of useful tools and resources for registered users of Ally Dash
Heavy Duty Truck Financing
We offer financing for new and used Class 8 trucks and trailers; restrictions may apply. Benefits of working with us include:
• Competitive rates
• Ally Dealer Rewards available for new and used trucks and trailers
• Knowledgeable underwriters with callback times averaging less than 30 minutes
• Dedicated Commercial Product Specialists nationwide
• Business Name Only Financing available for qualified customers
You can apply easily and securely via AppOne, RouteOne and Dealertrack® for flexible terms up to 84 months on Class 8 vehicles:
• Up to 6 model years old
• With up to 750,000 miles, depending on collateral type
For more information, call us at 1-877-602-3343, Mon – Fri, 9 am – 7 pm ET.
Special Options
Commercial Line of Credit
Provides flexible, pre-approved credit for qualified companies to finance, lease and/or convert vehicles for business use through affiliated dealers and vehicle upfitters.
Ally now offers an online portal to upload documents required to process a Commercial Line of Credit Application. You can start uploading documents here.
Dealer benefits
• Provides funding your customers can use to acquire vehicles from your dealership
• Streamlines your dealership’s commercial vehicle delivery process
• Enhances customer retention
• Facilitates sales opportunities for upfits, service and F&I products
Customer benefits
• Preserves bank credit lines for other commercial business needs
• Credit line conditionally available for one year
• Convenient billing and payment options such as Auto Pay and consolidated billing statements
Financing in the Name of the Business
With Ally there are 2 ways for your business customers to finance in the name of their business:
Business name only
If a business can qualify for financing without the owner’s guaranty, it can obtain financing in the business name only. This gives owners the ability to save their personal credit for other uses.
Third Party Guaranty
When a business owner wants to purchase or lease vehicles in the name of the business − but the business entity alone doesn’t qualify for the credit needed − the owner/officer may act as a third party guarantor.
• Builds credit in the business name only
• Keeps the debt off the business owner’s personal credit report, unless the owner acts as guarantor and is unable to pay in the event of a default
• Protects the owner from liability related to the operation of the vehicle, since the owner’s name stays off the vehicle’s title and contract (unlike a co-buyer/co-lessee whose name appears on the title and contract)
FAQs
We have answers.
Yes. Our Third-Party Guaranty is designed to help keep business transactions at arm's length and personal names off the vehicle contract and title.
Business owners still provide the additional financial backing that we may require, while keeping the business obligation off their personal credit report, except in the event of default.