Auto Finance FAQs
What kinds of retail financing products does Ally offer?
What are the advantages of the Municipal Lease Purchase Plan?
- Provides flexible financing and payment schedules, including monthly, quarterly, semi-annual and annual
- Allows vehicle acquisition when needed, not just certain times of year
- Offers clear documentation with clauses that municipalities often require
Attracts municipalities who often have multi-department fleets – potentially bringing a large volume of business to your dealership.Was this helpful?
What types of business leasing does Ally offer?
We have three lease products for businesses:
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- SmartLease® – a closed-end lease that has a fixed term and mileage limit
- ComTRAC® – an open-end lease that gives businesses more control of leasing terms and mileage, while holding the business liable for the vehicle’s depreciation
- Municipal Lease Purchase Plan – a leasing plan specifically designed for municipalities that intend to own their vehicles.