Ally Auto Finance

Ally Auto Finance

in Auto Loans from Ally Financial Inc.


Ally Auto Finance


in Auto Loans from Ally Financial Inc.

SuperMoney Net Recommendation Score -54%



Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly not recommended

3 users recommend
0 users are unsure
10 users don't recommend
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Community Rating Strongly not recommended
Credit Score Range 560 - 750
Loan Amount $1,000 - $100,000
APR  (Fixed APR) 0% - 18%
Loan Term (Months) Up to 84 months
Number of Reviews 13

Ally Auto Finance Review

Ally Auto Finance is offered by Ally Financial Inc., a bank founded in 2001 and based in Philadelphia, PA. Ally Auto Finance is available in 50 states (and Washington, DC).

Ally Auto Finance FAQ

How much can you borrow via Ally Auto Finance?

Ally Auto Finance auto loan amounts start at $1,000 and go up to $100,000.

What APR does Ally Auto Finance offer on its auto loans?

Ally Auto Finance offers an auto loan product that ranges from 0% APR up to 18% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with Ally Auto Finance?

Ally Auto Finance has auto loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Ally Auto Finance charge an origination fee?

Yes, Ally Auto Finance may charge a loan origination fee.

Does Ally Auto Finance charge a late fee?

Yes, Ally Auto Finance charges borrowers with a late payment penatly fee

Does Ally Auto Finance charge prepayment fees?

No, Ally Auto Finance will not charge you a fee for paying your loan early. Whenever possible choose lenders like Ally Auto Finance that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Ally Auto Finance loan?

Yes, you can. Ally Auto Finance does not charge a prepayment fee, so you can save money by paying your auto loan early.

What do you need to qualify for Ally Auto Finance?

Applicants with a credit score of at least 560 and up to 750 may be eligible for Ally Auto Finance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Ally Auto Finance does not have or does not disclose a minimum annual income eligibility requirement. Ally Auto Finance only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Ally Auto Finance. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for an auto loan via Ally Auto Finance?

Ally Auto Finance will typically approve (or deny) an auto loan application within 48 hours and fund the loan within 7 business days of approval.

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Message From Our Editor

What we love about Ally Bank Auto Loan

Ally Bank is a well-known online bank that consistently offers competitive rates. You can get an auto loan for most types of vehicles, including personal vehicles and RVs, and you can expect a reasonable interest rate for the loan.

What could Ally Bank Auto Loan do better?

Ally Bank’s auto loans have a few drawbacks to consider.

One is that the company’s auto lending division isn’t known for having good customer service. Most customers who have to get help with their loan report that the customer support is relatively poor. Support is also only available six days a week, so if you need help on a Sunday you’ll have to wait.

Another drawback is that Ally doesn’t make loans directly to its customers. Instead, it works with dealers so if you want to find out the precise terms of your financing offer, you’ll have to go to a dealership and work with them in-person. If you’re the type who wants to shop around and compare quotes, which is something you should do, then this can make getting a loan from Ally inconvenient.

Ally Bank Auto Loan‘s backstory

Ally Financial has roots going back to 1919. The bank’s auto lending service started as GMAC, a division of General Motors, and was transformed into Ally in 2009. As a former division of GM, Ally is experienced in the automobile industry, which is one of the reasons many turn to it for auto financing.

Today, Ally is a full-service online bank offering checking, savings, lending, and investing products to consumers.

The Verdict

 If you’re already an Ally customer, it makes sense for convenience sake to check with Ally to see if you can get a good deal on an auto loan. However, keep in mind that the company has a reputation for poor customer service and it can be hard to learn the full details of your loan. If you don’t bank with Ally, it might still be worth checking with Ally to see if it offers a good deal, but you should also shop around with other lenders.


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Application Fee $0
No Prepayment Fee  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered U.S. Permanent Resident
Joint Loan Applications Accepted Cosigner
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 560 - 750
Loan Amount $1,000 - $100,000
APR (Fixed APR) 0% - 18%
Loan Term Up to 84 months

Ally Auto Finance Community Reviews


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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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