Ally Offers Help to Dealers

By Staff Writer March 20, 2020 532

Ally Financial launched a comprehensive set of financial support initiatives to help the people and communities it serves to withstand the extraordinary pressures triggered by the COVID-19 health crisis and be better positioned to recover quickly from its effects.

Ally is addressing auto dealers and auto buyers, in addition to home buyers and other consumers.

In recognition that auto dealers are fundamental economic engines for their local economies, Ally is working closely with its network of approximately 18,000 dealers to navigate changing market dynamics, assess their specific needs and develop individualized solutions. This includes offering consumer incentives that help dealer customers, as well as specific solutions to help dealers with their loan funding needs. Ally also is making its dedicated credit and funding staff available to dealers as needed to provide fast and efficient funding options that help them maximize used and new vehicle sales.

Existing auto customers will be allowed to defer payment for up to 120 days. No late fees will be charged; finance charges will accrue. New auto customers will have the option to defer their first payment for 90 days.

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Last modified on Thursday, 26 March 2020 13:26