ComTRAC® Lease

Business customer financing for business-use vehicles.

The ideal leasing program for business customers who expect their vehicles to incur high mileage, experience abnormal depreciation or require specialized equipment.

Product Features

  • An open-end lease agreement with no limits on mileage or excess wear; wear and mileage may reduce the vehicle’s residual value and the lessee is responsible for any difference between the residual value stated in the ComTrac agreement and the actual residual at lease end

  • For vehicles that are used for business more than 50% of the time

  • Upfit financing for up to 100% of the cost

  • Customer responsibility for maintenance, insurance and taxes

Eligibility

  • New passenger vehicles

  • Used passenger vehicles up to two years old

  • Following tooltips might need a "dealer" LOB version authored

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

  • Most upfitted vehicles

Additional Details

  • Leasing terms from 12-72 months

  • No security deposit

  • Titling in Ally’s name

What happens at lease end?

Your business customer can:

  • Buy the vehicle outright for the residual amount determined when the vehicle was contracted (plus unpaid payments and charges)

  • Trade in the vehicle at the dealership after buying it from Ally

  • Return the vehicle to the dealer for resale. Ally will market the vehicle and bill the customer for any deficiency or refund the customer any surplus calculated. The surplus calculation is based on the difference between the vehicle’s actual residual value at lease end, compared to the contracted residual value.

Benefits

For customers

  • Open-end lease payment may generally be expensed

  • Allows financing of a wide range of commercial vehicles, including those with specialized upfits, high mileage requirements or abnormal depreciation

  • Enables customers to set low monthly payments and manage their cash flow

For dealers

  • Provides another leasing option for your commercial customers

  • Flexible residuals allow customers to set up affordable payments, helping you close sales

  • Helps promote customer satisfaction and 
keeps them coming back

FAQs

We have answers

You can calculate lease payments with NetQuote.

To use NetQuote, log in to Dash and select it under Rates & Calculators.

Yes. We have several training courses to help you succeed with SmartLease.

  • SmartLease goes over the benefits of leasing, how to calculate capital costs, mileage charges, the lease termination process and more

  • SmartLease Training/Consulting shows managers how to coach their staff on SmartLease

  • SmartLease Contracting covers program specifics, explains the tools used to prepare SmartLease agreements and demonstrates NetQuote and the Residual Value Lease Guide

  • SmartLease Early Termination Vehicle Return Options reviews the early termination return options and how to use the vehicle return calculator

Visit Ally Academy to enroll in one of these courses. Most are offered online 24/7, with select courses available for on-site instruction at your dealership.

Send us an email at DealerProgram@ally.com to get in touch with a representative.

Yes. We retail finance the purchase of used and certified pre-owned vehicles that are less than 10 model years old and have an odometer reading of 120,000 miles or less at inception.

You can approximate this with the Residual Value Lease Guide (RVLG). To access the RVLG, log into your Dash account and select Rates and Calculators.

We offer financing for new and used vehicles for business applicants who qualify.

Still have questions? Visit our Help center