Ally Auto Loan Guide — Your Path to Financing Your Next Car

Ally Auto helps U.S. drivers finance or refinance their vehicles with confidence and clarity.

Best Financing Option For You

SEE FINANCING DETAILS

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Refinance & Save Online

Pre-Qualify for Refinancing with No Credit Score Impact.

Finance Your Lease Buyout

Direct Online Options to Purchase Your Leased Vehicle.

Dealership Network Access

Financing for New/Used Cars via Participating U.S. Dealers.

Robust Digital Tools

Manage Your Account 24/7 Online & with the Ally Auto App.

• Refinance Your Current Auto Loan Directly with Ally+

  If you already have an auto loan from another lender, refinancing with Ally Auto could be a smart move for U.S. consumers. You can pre-qualify online in minutes without impacting your credit score to see if you could lower your monthly payment or reduce your Annual Percentage Rate (APR).

• Purchasing Your Leased Vehicle with Ally Financing+

  Love your leased car? Ally Auto offers U.S. consumers financing options to buy out their current auto lease, even if the original lease isn’t with Ally (some state exclusions apply).

• Finding Ally Auto Financing at a Participating U.S. Dealership+

  When you’re shopping for a new or used car at a dealership in the U.S., Ally Auto is a financing option you might encounter. Ally works with thousands of participating dealerships nationwide to offer loans for a wide range of vehicles. The financing application process typically occurs at the dealership as part of your purchase.

• Vehicle Protection Plans & Customer Support+

  Ally Auto also offers various vehicle protection plans (like GAP coverage or vehicle service contracts) that U.S. consumers can often add when financing or refinancing, providing extra peace of mind. Should you have questions or need assistance with your auto loan or lease, Ally provides dedicated customer support channels, including phone and online resources, underscoring “Customer-Focused Support.”

Top Auto Loan Options in the US

1. Bank of America Auto Loans: Offers competitive rates, online prequalification, and financing for both dealer and private party purchases, making it a versatile choice for various buyers.
2. Capital One Auto Navigator: Provides a seamless online experience with prequalification that doesn’t impact your credit score, allowing you to shop and compare rates effortlessly.
3. PenFed Credit Union: Known for low APRs and flexible terms, PenFed caters to members seeking affordable financing options for new and used vehicles.
4. LightStream (a division of SunTrust Bank): Offers unsecured auto loans with no restrictions on vehicle age or mileage, ideal for those purchasing from private sellers or looking for a straightforward loan process.
5. Ally Auto Loans: Provides financing through a vast network of dealerships, offering options for new and used vehicles, refinancing, and lease buyouts, all managed through a user-friendly online platform.

How Ally Auto Loans Affect Your Credit and Financial Wellness

An auto loan or lease with Ally directly impacts your credit profile and overall financial health. On-time payments build positive credit history, boost your FICO score, and improve your chances of securing better financing in the future. Missed payments, however, can damage your credit and increase your debt-to-income ratio (DTI)—a key factor for mortgage and loan approvals. Ally makes it easy to stay on top of your account with features like digital statements, payment reminders, and auto payment setup through Ally Auto Online.

When shopping for a car loan, credit scoring models generally count multiple inquiries made within 14–45 days as a single inquiry, so it’s safe to compare offers. Ally’s soft pull refinance prequalification tool ensures you can explore better terms without impacting your score. Add-ons like GAP protection, vehicle service contracts, and wear-and-tear coverage further protect your investment and give you peace of mind during your loan or lease term.