Latest Online Edition  Read Here

Ally Strikes Finance Deal with Carvana

Ally Strikes Finance Deal with Carvana Featured

Ally Financial announced an agreement to provide financing to support retail contracts from Carvana.
Through the agreement, Ally will make up to $600 million available to Carvana over the next 12 months through financing and bulk purchases of contracts.
Under the terms of the agreement, Ally will provide financial arrangements to support Carvana's retail operations, with an initial commitment of up to $600 million. The agreement expands Ally's existing relationship with Carvana, which also includes a floorplan credit line and vehicle sourcing through Ally's SmartAuction platform.

Last modified on Thursday, 05 January 2017 14:03