Ally Car Financing

Phone: 888-925-2559

Website: https://www.ally.com/auto/business/#Getstarted

Reports to: D&B, Experian, and Equifax

Description:  Ally offers commercial vehicle financing. Gives personal financing but reports also to business credit bureaus.
Third-Party Guarantee
When you want to buy or lease vehicles in the name of your business but need to secure additional financing, you may act as a third-party guarantor. This allows you to keep your name off the title and may keep the debt off your personal credit record. Keep in mind, that if your business defaults, you may become liable and the debt may be reported on your personal credit record.
Business name only
If your business qualifies for financing without the owner’s guarantee, you can obtain financing in the business name only. This gives you the ability to save your personal credit for other uses as well as:
Build credit in your business name
Protect yourself from liability related to the operation of the vehicle

Special Instructions: Ally is an indirect lender, they work with a dealership. If you’re planning to obtain vehicle loan from Ally, please contact your dealership and advise them that you want your vehicle financed through Ally.

To Qualify:

Commercial Line of Credit
– Entity in good standing with Secretary of State
– EIN number with IRS
– Business address- matching everywhere.
– D&B number
– Business license- if applicable
– Business bank account
-A personal guarantee (PG) is required not unless established business credit history and 5 years in business

Commercial Vehicle Financing
– Entity in good standing with Secretary of State
– EIN number with IRS
– Business address- matching everywhere.
– D&B number
– Business License- if applicable
– Business Bank account
– Bank reference
– A personal guarantee (PG) is required

To Apply: At the dealership only

Terms: Lease or Loan