Commercial Equipment Leasing
Commercial Leasing & Municipal Lease-Purchase Plan
Ally Bank's ComTRAC® Open Lease and SmartLease® a Closed End Lease Options are available to commercial businesses. Types of vehicles that qualify are as followed.
Ally's Municipal Lease-Purchase Plan
A municipal lease-purchase plan is designed for municipalities that intend to own their vehicles. Although the vehicle is titled in the municipality's name, Ally holds the lien. Because your municipality owns the vehicle at lease-end, there are no mileage limits or excess wear charges.
Features and benefits
- Monthly or annual payment options
- No disposal fee
- $1 residual
- No security deposit required
- Most up-fits are eligible, including passenger cars and light- and medium-duty trucks
Eligibility requirements
Qualified, tax-exempt municipalities for federal tax purposes (including states or political subdivisions of state governments) are eligible.
Municipalities should consult with their legal departments regarding tax-exempt status. Tax-exempt status alone does not automatically qualify an entity as eligible.
Commercial Leasing
Ally Bank Commercial Loans
We offer traditional retail financing for commercial-use vehicles,
along with (2) Commercial Lease Options and one (1) Municipal Lease.
#1 ComTRAC® - An open-end lease that allows you to define the residual value and manage your cash flow.
#2 SmartLease® - A closed-end lease with a fixed term so you can refresh your fleet more often.
#3 Municipal Lease-Plan