Instead of waiting months to save a big lump sum, you might be able to start your auto loan with little or no money down, as long as the numbers work for your profile.
Ally works behind the scenes with partner dealerships to offer financing that can include no down payment, plus specific programs for new and certified vehicles.
Combined with a large network of affiliated dealers, it becomes one more tool you can plug into your auto loan plan.
You need a car now and don’t have savings for a down payment;
You prefer to keep your cash for emergencies, moving costs or other debts;
You want to see in practice how a zero-down scenario fits your monthly budget compared to a traditional down payment.
Driver’s license – your main photo ID;
Social Security Number – used to pull your credit report;
Proof of income – pay stubs, bank statements or tax returns if you’re self-employed;
Proof of address – a utility bill or lease with your name and current address;
Basic idea of your budget – how much per month you can realistically pay without squeezing everything else.
Ally can be a useful part of your auto loan plan, especially when you want to explore zero-down or low-down-payment scenarios. The power is in choosing a car and a payment that keep you in control.
