ALLY Bank

ALLY Bank

Ally Bank Auto Leasing Policies

The team at DSRLeasing.com is dedicated to providing comprehensive Ally Bank lease information and resources for automotive lease transfers. We strive to keep our leasing company information accurate and up-to-date. If you represent a leasing company not listed or have updates, please contact DSRLeasing.com.

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Lease Buyout Rules

Ally Bank allows the original lessee to purchase the leased vehicle at lease-end, subject to specific conditions outlined in the lease agreement.

  • The purchase option price (residual value) is specified in the lease agreement. Contact Ally Bank at 1-866-718-8019 or log into your account at Ally Auto to obtain a payoff quote.
  • Only the original lessee can buy out the vehicle at the residual value. If a dealer or third party sends funds, the money will be returned.
  • Third-party dealers and originating dealers must request a dealer payoff quote from Ally, which carries a higher buyout price than for the original lessee.
  • A signed Odometer Disclosure Statement is required, typically submitted via an authorized dealer, per federal law.
  • Early buyouts may be permitted, depending on the lease contract, but could include remaining lease payments and a purchase option fee (typically up to $250).
  • Additional fees (e.g., sales taxes, registration, title fees) may apply, varying by state. Contact your local DMV for details.

Contact Ally Bank at 1-866-718-8019 or an authorized dealer to discuss buyout options and confirm the payoff amount, providing your account number or VIN.

Lease Transfer Policy

Ally Bank permits lease transfers, allowing another party to take over your lease with approval, subject to specific restrictions.

Transfer Fees and Conditions

  • Lease Buyer Credit Application Fee: $0.00.
  • Lease Transfer Fee: $595.00 (typically paid by the buyer).
  • The original lessee is released from liability after the transfer.
  • Mileage and wear-and-tear policies carry over from the original lease.
  • Security deposits transfer to the new lessee.
  • Applicable taxes may apply, varying by state. Consult your state’s tax authority.

What You Should Know

  • Transfers are allowed after the first 60 days and before the final 90 days of the lease term.
  • GM Employee leases cannot transfer during the first 6 months.
  • The vehicle must have no unresolved safety recalls. Check recall status at safercar.gov.
  • The assuming lessee must meet Ally Bank’s credit and underwriting guidelines.
  • The team at DSRLeasing.com can assist with navigating the transfer process.

For detailed transfer requirements, contact Ally Bank at 1-866-718-8019 or visit DSRLeasing.com for additional lease company resources.

Additional Leasing Notes

Ally Bank offers leasing for various vehicles, including McLaren models since 2016, with terms typically ranging from 24 to 36 months and mileage options (e.g., 10,000, 12,000, or 15,000 miles per year). Additional taxes or registration fees may apply depending on your state; contact your local DMV for details. For comprehensive Ally Bank lease information, visit DSRLeasing.com.

Lease-End Fees and Policies

  • Disposition Fee: Up to $395 may be charged to cover vehicle resale preparation, unless you lease or purchase a new vehicle through Ally.
  • Excess Mileage Fee: $0.20 per mile for miles exceeding the lease agreement’s limit (e.g., 10,000, 12,000, or 15,000 miles per year).
  • Excess Wear and Tear: Costs for damages beyond normal use (e.g., dents, scratches, tire wear) may apply. Schedule a complimentary pre-return inspection within 90 days of lease-end by calling 1-866-718-8019 to assess charges.
  • Lease-End Options: Return the vehicle to any authorized dealer, purchase it at the residual value, or lease a new vehicle through Ally. DSRLeasing can pick up the vehicle for lease return with any lender; contact DSRLeasing.com for details. Contact Ally Bank 90 days before lease-end to schedule an inspection and discuss options. A final invoice, including any charges, will be mailed within six weeks.

For more information, refer to your lease agreement or visit the Ally Auto website.

Contact Ally Bank

  • Website: Ally Auto
  • Phone: 1-866-718-8019, available Monday to Friday, 8 a.m. to 8 p.m. ET
  • Alternate Phone: 1-800-216-4622
  • Fax: 866-619-8676
  • Mailing Address for Lease Payments:
    Ally Financial
    P.O. Box 380901
    Bloomington, MN 55438
    (Include your account number on the check.)
  • Lienholder for Insurance:
    Ally Financial
    P.O. Box 8140
    Cockeysville, MD 21030

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