Ally Financial Launches Innovative Vehicle Financing Product
- Ally Buyer's Choice product to debut initially in five U.S. markets
- DETROIT, Oct. 31, 2011 -- Ally Financial Inc. launches Ally Buyer's Choice, an industry-first product offering for U.S. dealers and customers on new 2011 and 2012 General Motors and Chrysler vehicles.
- Ally Buyer's Choice is an innovative financing product that delivers the best of both worlds for customers who want the advantages of both buying and leasing.
- Ally Buyer's Choice allows customers to own their vehicle with a fixed rate and payment with the option to sell it to Ally at the 48th month of their contract, at a pre-determined price . The product is ideal for customers interested in purchasing a vehicle, rather than leasing, but provides the flexibility during the ownership experience to sell the vehicle to Ally, should their needs or preferences change.
- "Ally Buyer's Choice is a true differentiator in the market and provides great flexibility and choice for consumers," said Tim Russi, executive vice president, North American Operations for Ally Financial. "Ally is committed to bringing industry-first products to market that offer consumers more choices and help dealers sell and service more vehicles."
- Vehicle financing terms through Ally can range from 60 months and 84 months. Customers can elect to sell their vehicle to Ally or continue making monthly payments for the duration of the finance contract, if they wish to keep their vehicle.
- Ally Buyer's Choice also provides another flexible financing option for dealers to offer customers, allowing them to meet a variety of customer needs. The product can reduce the customer's buying cycle time, increasing showroom traffic and vehicle service opportunities.
- Ally Buyer's Choice will debut in California, Florida, Illinois, New York and Texas. Additional markets will be added over the coming months.
- Customers in the initial markets who are interested in finding out if Ally Buyer's Choice is right for them can visit any GM- or Chrysler-affiliated dealers.
- What is Ally Buyer's Choice (ABC)?
Ally Buyer's Choice (ABC) combines the advantages of buying and leasing ? ownership with flexibility.
Your ABC contract term can be a minimum of 60 months or a maximum of 84 months. The length of your term is determined at the time you initially sign your contract and is based on your specific vehicle selection and transaction.
At the 48th month of your contract, you have the option to:
1. Prepay by selling the vehicle to Ally at the predetermined price set at the time of signing an ABC contract rider (price is subject to a disposition fee and any excess vehicle wear and mileage charges; see the contract rider for details)
2. Do nothing and continue to make your scheduled payments.
- How does Ally Buyer's Choice (ABC) differ from buying or leasing?
Ally Buyer's Choice (ABC) provides flexibility to fit lifestyle changes with the choice to sell your vehicle to Ally. It puts you in control of the decision to keep or sell the vehicle. And it can provide both shorter and longer term vehicle ownership at your discretion. ABC is only available for eligible GM and Chrysler brand vehicles and at participating dealerships.
- DETROIT, Oct. 31, 2011 -- Ally Financial Inc. launches Ally Buyer's Choice, an industry-first product offering for U.S. dealers and customers on new 2011 and 2012 General Motors and Chrysler vehicles.
- Ally Buyer's Choice is an innovative financing product that delivers the best of both worlds for customers who want the advantages of both buying and leasing.
- Ally Buyer's Choice allows customers to own their vehicle with a fixed rate and payment with the option to sell it to Ally at the 48th month of their contract, at a pre-determined price . The product is ideal for customers interested in purchasing a vehicle, rather than leasing, but provides the flexibility during the ownership experience to sell the vehicle to Ally, should their needs or preferences change.
- "Ally Buyer's Choice is a true differentiator in the market and provides great flexibility and choice for consumers," said Tim Russi, executive vice president, North American Operations for Ally Financial. "Ally is committed to bringing industry-first products to market that offer consumers more choices and help dealers sell and service more vehicles."
- Vehicle financing terms through Ally can range from 60 months and 84 months. Customers can elect to sell their vehicle to Ally or continue making monthly payments for the duration of the finance contract, if they wish to keep their vehicle.
- Ally Buyer's Choice also provides another flexible financing option for dealers to offer customers, allowing them to meet a variety of customer needs. The product can reduce the customer's buying cycle time, increasing showroom traffic and vehicle service opportunities.
- Ally Buyer's Choice will debut in California, Florida, Illinois, New York and Texas. Additional markets will be added over the coming months.
- Customers in the initial markets who are interested in finding out if Ally Buyer's Choice is right for them can visit any GM- or Chrysler-affiliated dealers.
- What is Ally Buyer's Choice (ABC)?
Ally Buyer's Choice (ABC) combines the advantages of buying and leasing ? ownership with flexibility.
Your ABC contract term can be a minimum of 60 months or a maximum of 84 months. The length of your term is determined at the time you initially sign your contract and is based on your specific vehicle selection and transaction.
At the 48th month of your contract, you have the option to:
1. Prepay by selling the vehicle to Ally at the predetermined price set at the time of signing an ABC contract rider (price is subject to a disposition fee and any excess vehicle wear and mileage charges; see the contract rider for details)
2. Do nothing and continue to make your scheduled payments.
- How does Ally Buyer's Choice (ABC) differ from buying or leasing?
Ally Buyer's Choice (ABC) provides flexibility to fit lifestyle changes with the choice to sell your vehicle to Ally. It puts you in control of the decision to keep or sell the vehicle. And it can provide both shorter and longer term vehicle ownership at your discretion. ABC is only available for eligible GM and Chrysler brand vehicles and at participating dealerships.