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  Ally Auto Finance

Ally Auto Finance

in Auto Loans from Ally Financial Inc.

Claimed

Ally Auto Finance

Claimed

in Auto Loans from Ally Financial Inc.

SuperMoney Net Recommendation Score -100% 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

0 users recommend
0 users are unsure
5 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Loan Amount $1,000 - $100,000
APR 0% - 18%
Credit Score Range 560 - 750
Loan Term Up to 84 months
Number of Reviews 5

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 offered in 50 states (and Washington, DC).

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 are 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.

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.

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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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  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 $1K - $100K
APR 0% - 18%
Loan Term Up to 84

Ally Auto Finance Community Reviews

 

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