Ally Business Lease Products

SmartLease®ComTRAC®Municipal Lease-Purchase Plan
Available for personal and business customers for select makes and modelsAvailable for business customers onlyAvailable for eligible municipalities
Vehicle is titled in Ally’s nameVehicle is titled in Ally’s nameVehicle is titled in the municipality’s name; Ally holds the lien
Vehicle is for business or personal useVehicle is for business use more than 50% of the timeVehicle is only used for essential government work
Most up-fits are eligible (contact your underwriting representative)Most up-fits are eligible (contact your underwriting representative)
Ally determines residual valueVariable based on term and can be set as low as 0%$1 residual
Customer makes regular monthly payments or has a one-time payment optionCustomer makes regular monthly paymentsThe customer has flexible monthly, quarterly, semi-annual and annual payment options
Customer must pay over-mileage charges, if anyNo mileage limits, but mileage may impact vehicle’s residual valueNo mileage limits
Customer must pay excess wear charges, if anyNo excess wear charges, but excess wear may impact vehicle’s residual valueNo excess wear charges
Closed-end lease – customer is not responsible for residual value at end of leaseOpen-end lease – customer is responsible for residual value at end of leaseCustomer is responsible for $1 residual value at end of lease
No disposal fee$250 disposal fee ($500 medium duty)No disposal fee
Every US stateEvery US stateEvery US state
Qualifying vehicles as listed in the Residual Value Lease Guide (RVLG)

New and used passenger vehicles of any make or model

Passenger cars, light-duty trucks and medium-duty trucks

Most up-fitted vehicles

New and used (less than 1 year old) passenger cars of any make or model

Passenger, light- and medium-duty trucks

Certain up-fitted vehicles

Emergency vehicles

Flexible terms, including 12 – 48 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

Financing of a wide range of commercial vehicles, including those with unusual or specialized up-fits, high mileage requirements, or abnormal depreciation

Flexibility in determining monthly payments so customers can manage their cash flow

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

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’s Dealer Portal

Ally Dealer Rewards earnings for eligible standard rate contracts

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’s Dealer Portal

A new market for your dealership

Access to a number of useful tools and resources for registered users of Ally’s Dealer Portal