About Ally Auto Financing
Ally Auto Financing, found online at Ally.com, is a website for people seeking auto financing which provides online pre-approval with a simply application completion and submission.
The application for financing only takes 10 minutes to complete, according to their website, and only requires some standard loan application information, including your social security number, a US mailing address, current employment information, and the make/model/trim of the vehicle you wish to finance.
After you’ve completed and submitted the online application, Ally Auto Financing will request a copy of your credit report from a reporting agency, and then your application will be submitted for approval.
If your application is approved, you will receive a confirmation email along with a certificate which you can take to the participating dealership. All resulting financing rates and agreements will be finalized with the dealership.
Customers who are curious as to what their payment rates might be before they receive the loan approval can use the monthly payment calculator available at Ally.com to project their likely payment schedule so that they can be prepared in advance.
Ally Auto Financing says they provide financing for “virtually all makes and models of vehicles of the current year or three years previous,” but currently their online pre-approval system can only be used for GM and Chrysler vehicles.
Since a loan pre-approval does not require any obligation on your part, if you have any complaints or issues with the loan you are offered, you may reject it at any point.
Customers who choose to accept the Ally financing can then handle all their issues online with a simple account and login setup. If you have any issues that require immediate attention, there is a list of customer service numbers to which you can direct your questions.