Does Ally Bank allow lease transfers?

Currently, Ally Bank (Ally Financial) typically does not allow lease transfers (lease assumptions). The original lessee is usually required to keep the vehicle until the lease term ends or the vehicle is purchased.

Can I sell my Ally lease to a third-party dealer like CarMax?

Ally Bank restricts third-party lease buyouts. While they may technically allow a dealer to buy the car, they often charge a 'Market Value' payoff amount to third-party dealers that is significantly higher than your personal residual value. This usually makes selling to Carvana, Vroom, or CarMax financially impractical.

What is the Ally Bank lease disposition fee?

The Ally Bank lease disposition fee is typically between $395 and $595, depending on your specific contract. This fee is charged when you return the vehicle at the end of the lease but may be waived if you lease or finance a new vehicle with Ally.

What is the Ally Auto customer service phone number?

You can contact Ally Auto customer care at 1-888-925-2559. Representatives are available Monday through Friday, 8:00 a.m. to 11:00 p.m. ET, and Saturday, 9:00 a.m. to 7:00 p.m. ET.

Ally Bank (Ally Financial)

Lease Buyout, Transfer, and End-of-Term Policies

The team at DSRLeasing.com provides comprehensive, up-to-date lease information for Ally Bank. We strive to help you manage your automotive lease effectively.

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Lease Buyout Rules

Ally Bank allows the original lessee to purchase the vehicle at lease-end. However, they are known for having strict "dual-pricing" policies for third parties.

Third-Party Price Inflation Ally Bank often charges a "Market Value" payoff price to third-party dealers (such as CarMax, Carvana, or non-Ally dealers). This price is usually significantly higher than your personal residual value, effectively preventing you from selling the lease to them for a profit.
Lessee Buyout: You (the lessee) can buy the vehicle for the residual value listed in your contract. You can obtain a quote by logging into Ally.com.
Documentation: A signed Odometer Disclosure Statement is required. In many states, you may need to facilitate the buyout through a dealership to handle the title transfer properly.
Fees: A purchase option fee (typically up to $250) may apply, along with state taxes and registration fees.

Lease Transfer Policy

⚠ Transfers Restricted

Ally Bank has significantly restricted lease transfers in recent years. For most current contracts, lease transfers are not permitted. You should assume you cannot transfer the lease unless you have a specific older contract clause confirming otherwise.

What You Should Know

Unlike some other lenders, Ally does not actively support a lease transfer program at this time.
Your primary options to exit the lease early are to return the vehicle (early termination fees apply) or purchase the vehicle (buyout) and then sell it.
Contact DSR Leasing if you need help analyzing your exit options.

Lease-End Fees & Policies

Disposition Fee

$395 - $595 (Typical)

Often waived if you lease or finance a new vehicle with Ally upon return.

Excess Mileage

$0.20 - $0.25 per mile

Charged for miles exceeding your agreement. Check your specific contract for the exact rate.

Wear & Tear

You can schedule a complimentary pre-return inspection within the final 90 days of your lease. This inspection helps you identify chargeable damages before turning the car in.

Schedule Inspection: Call 1-888-925-2559.

Contact Ally Bank

Phone:	1-888-925-2559 Mon - Fri: 8am – 11pm ET Sat: 9am - 7pm ET
Website:	Ally.com/Auto
Mail:	Ally Financial (Payment Processing) P.O. Box 71119 Charlotte, NC 28272-1119 (Note: Always verify the address on your monthly billing statement.)

Disclaimer: Policies for Ally Bank (Ally Financial) are subject to change. Please consult your lease agreement for specific terms. DSR Leasing is an independent service and is not affiliated with Ally Financial.