Posted on July 14th, 2010 • by Bill Cawthon
North American buyers of new Chrysler, Dodge, Jeep and Ram vehicles will soon be financing their vehicles through Ally Financial. The company, formerly General Motors Acceptance Corporation, is retiring the GMAC name from its automotive financing operations for GM, Chrysler, Saab, Thor Industries (manufacturer of Four Winds recreational vehicles and Airstream travel trailers) and Fiat [...]
Posted on May 19th, 2010 • by David Zatz
While General Motors has been talking about regaining ownership of GMAC or starting their own captive loan firm, Chrysler has held true to Sergio Marchionne’s vision of decoupled loan providers and automakers by striking an agreement with Santander Consumer USA. Santander, which is part of the large, Spanish Banco Santander, will provide loans to customers [...]
Posted on May 10th, 2010 • by Bill Cawthon
Want a Chrysler, but want a lease? You’re in luck! Chrysler, which dropped leasing altogether in August 2008, is again offering customers a lease option through GMAC Financial (now Ally Financial Inc.). In April, roughly eight percent of retail customers chose to lease their new Chrysler vehicle. Chrysler hopes to see its lease volume grow [...]
Posted on May 7th, 2010 • by David Zatz
Many news outlets have reported that GMAC is changing is name to Ally Financial from General Motors Acceptance Corporation, in line with its move from being GM’s internal car loan outfit (and, later, mortgage provider) to being a less specialized financial institution serving both GM and Chrysler.
