Last Updated: 04/18/2025
SuperMoney User Recommendation Score -64
Strongly not recommended22 total votes
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Highlights
Community Rating
Strongly not recommended
Amount Range
$1,000 - $100,000
APR (Fixed APR)
0% - 18%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
560 - 750
Loan Term (Months)
Up to 84
Number of Reviews
Ally Auto Finance Review
Ally Auto Finance is offered by Ally Financial, Inc., a bank founded in 1919 and based in Detroit, MI. Ally auto are available in 50 states and Washington, DC.
Ally auto FAQ
How much can you borrow via Ally auto?
Ally auto loan amounts start at $1,000 and go up to $100,000.
What APR does Ally auto offer on its car loans?
Ally auto offers a fixed apr car 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 auto loan term you can get with Ally auto?
Ally auto has car loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.
Does Ally auto charge an origination fee?
Yes, Ally auto may charge a loan origination fee .
Does Ally auto charge a late fee?
Yes, Ally auto charges borrowers with a late payment penatly fee
Does Ally auto charge prepayment fees?
No, Ally auto will not charge you a fee for paying your loan early. Whenever possible choose lenders like Ally auto 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 loan?
Yes, you can. Ally auto does not charge a prepayment fee, so you can save money by paying your car 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.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via Ally auto?
Ally auto will typically fund the car loan within 7 business days of approval.Does Ally Financial, Inc. perform a hard credit pull?
Yes, Ally auto performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is Ally Bank a legit company?
Ally Bank was founded in 1919, it is a well-established company that has been in business for 107 years. Ally Auto Finance is strongly not recommended by SuperMoney community users.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Ally auto
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.
Hours of Operation
Sunday
12:00AM - 12:00AM
Monday
12:00AM - 12:00AM
Tuesday
12:00AM - 12:00AM
Wednesday
12:00AM - 12:00AM
Thursday
12:00AM - 12:00AM
Friday
12:00AM - 12:00AM
Saturday
12:00AM - 12:00AM