Ally Balloon Advantagesm

ExplorePersonal Auto Finance and Lease

With Ally Balloon Advantage, customers have reduced regular payments in exchange for a larger balloon payment at the end of the contract. This puts time in your customers’ favor by providing them with greater flexibility to manage their cash flow.

Key features


  • Lower monthly payments (compared to traditional financing) throughout the financing term – with a larger last payment, or balloon payment, at the end
  • Customer ownership of the vehicle so they can sell or trade it in at any time as long as they pay off the remaining amount owed
  • Fixed Annual Percentage Rate (APR) and payments for the entire term of the contract
  • No driving mileage restrictions
  • Payments can be estimated using the Ally Balloon Advantage Calculator


  • New – all GM, Chrysler and Mitsubishi makes and models
  • Used – all makes and models up to 4 model years old, excluding Saab and Suzuki

Additional details:

  • Standard balloon terms of 48 or 60 months
  • Ally Balloon Advantage is not available in Maryland, Nevada, New Hampshire, North Carolina, and Pennsylvania


For customers:

  • Lower than traditional monthly payments throughout the financing term − with the tradeoff of a larger balloon payment at the end
  • The customer owns the vehicle so there are no excess mileage or wear penalties

For dealers:

  • Offering Ally Balloon Advantage could help you meet the needs of some customers who are willing to make a larger balloon payment at the end of the term in exchange for lower monthly payments
  • Provides an additional financing option for used car buyers

Training courses

From Ally Academy:

  • Ally Balloon Advantage
  • Retail Process Overview

Access training to get started.