Ally Auto Financing: Refinancing, Leasing, and Dealer Loans with Modern Flexibility
Ally offers one of the most versatile and tech-forward car financing platforms in the U.S., with special strength in refinancing and lease-to-own options.

Ally Auto Loan Highlights

SEE FINANCING DETAILS

You will stay on our website.

Refinance & Save Online

Pre-qualify for refinancing without any impact to your credit score.

Finance Your Lease Buyout

Purchase your leased vehicle directly online once your term ends.

Dealership Network Access

Access Ally financing for new and used cars through participating U.S. dealers.

Robust Digital Tools

Manage your account 24/7 online or with the Ally Auto app.

Refinance Your Current Auto Loan Directly with Ally+

Already have a loan elsewhere? Refinancing with Ally could reduce your monthly payment or interest. You can pre-qualify online in minutes without affecting your credit score.
Purchasing Your Leased Vehicle with Ally Financing+

Love your leased vehicle? Ally lets you finance the buyout—even if your original lease wasn’t through them. State-specific restrictions may apply.
Finding Ally Auto Financing at a Participating U.S. Dealership+

Shopping for a new or used car? Ally partners with dealerships nationwide to offer in-house financing options. Just ask if Ally is available when visiting a dealer—approval and paperwork typically happen on-site.
Vehicle Protection Plans & Customer Support+

Ally offers optional add-ons like GAP coverage and extended service contracts. Plus, their support team is available by phone and online to help with any loan or lease questions—making customer care a clear priority.

Whether you’re looking to reduce your monthly payment or get behind the wheel of a leased vehicle, Ally’s auto loan programs bring digital tools and flexible approval criteria to the forefront. While they don’t offer direct-to-consumer car buying, their dealer network and online management tools make the financing process clear and convenient.

Why Consider Ally for Your Auto Loan?

Refinance Rates Starting Around 5.5% APR
Minimum Score for Refi ~520
Lease with Buyout Options
Loan Tracking Through Ally Mobile App
Soft Pull for Pre-checks

Ally’s refinancing option is especially appealing to borrowers with older loans or high dealer markups. With a low score threshold (~520), it offers one of the most accessible refi options on the market, especially if your current APR is above 10%.

Additionally, Ally supports borrowers with 1099 income or gig work — self-employed drivers who show bank deposits and tax returns have been approved at similar rates to W-2 applicants.

Loan Types Offered

1. Auto Refinancing

Lower your APR or reduce your monthly payment
Vehicle must meet age and mileage criteria
Ideal for those with improving credit or long terms

2. Lease With Purchase Option

Lease through Ally-approved dealers
Option to buy at lease-end
Flexible mileage terms
Great for drivers unsure about long-term ownership

3. Dealer-Based Purchase Financing

No direct online loan — only through Ally-partner dealerships
APR varies by credit score and term
Typically fixed-rate loans
Good fit for buyers who already chose a vehicle

Realistic Loan Simulations

A. Refinance Scenario

Current Vehicle Loan: $17,000 balance
New APR: 6.0%
Term: 60 months
Monthly Payment: ~$328
Total Interest Paid: ~$2,680

B. Vehicle Purchase via Ally Partner Dealer

Vehicle Price: $26,000
Down Payment: $3,000
Amount Financed: $23,000
APR: 7.1% (based on average for ~620 score)
Term: 60 months
Monthly Payment: ~$456
Total Paid Over Time: ~$27,360

C. Lease With Buyout Option

Vehicle MSRP: $24,000
Lease Term: 36 months
Monthly Lease Payment: ~$310
Residual Value at End: $13,800
Buyout Option: Yes — finance at end via Ally

This structure is ideal for drivers who want flexibility or expect to refinance later. If your credit improves during the lease term, Ally allows a competitive buyout loan.

Ally vs. Competitors Snapshot

Feature	Ally	Capital One	Santander
Refinance Available	✔	✔	✔
Lease Options	✔ (via dealer)	✘	Limited
Online Vehicle Purchase	✘	✔	✘
Soft Pull Pre-Check	✔	✔	✔
Mobile Loan Tools	✔	✔	Partial

Ally shines when it comes to post-purchase tools, transparent lease buyout terms, and broad approval criteria — especially for drivers with mid-500 to low-600 credit scores.