One of the largest auto lenders in the United States is Ally Financial. In fact, they reported a $1.55 billion net financing revenue during 2025’s second quarter.

When you’re shopping for a new or used car, there’s a good chance you don’t have tens of thousands of dollars lying around to pay for it upfront. That means you’re in the market for an auto loan to help you finance the purchase.

What do you need to know about getting an Ally Bank auto loan? Let’s take a look at the basics.

Ally Car Loan: The Basics

In order to get an Ally auto loan, you have to apply through a dealership. If you are hoping to refinance an existing car loan or purchase a vehicle you’ve been leasing, you can apply online through .

When you purchase a new or used car or light truck from a dealership, you can choose to finance it through an Ally auto loan. There aren’t any loans from Ally for motorcycles, RVs, or power sport vehicles.

Depending

on the type of car you buy and your financial situation, you might even qualify for a 0% APR financing promotion from a manufacturer.

Ally Auto Loan Rates

Ally doesn’t promote or publicize its APR range. This means that you have to apply at the dealer to find out what your exact Ally auto loan rate would be. However, the better your credit score is the more favorable APR you’ll be able to lock down.

In fact, you might even be able to get an auto loan through Ally if you have bad credit. It’s worth noting, though, that you’ll pay for this in the form of a high-interest rate.

How to Make an Ally Payment For a Car Loan

There are a number of easy ways to make a car payment if you choose to take out an Ally car loan.

• Make an online automatic payment
• Make a one-time online payment
• Pay using the mobile app on your smartphone
• Pay over the phone by calling 1-888-631-8930
• Pay in-person using a third party like Western Union, though you will likely be charged additional fees
• Pay through the mail by sending payments to:
  Payment Processing Center
  P.O. Box 9001951
  Louisville, KY 40290-1951

There are countless Ally payment options, which makes it an accessible option. However, some people might be frustrated by borrowing from an online bank without physical branches.

Ally Bank Auto Loan: Is It Right For You?

Getting an Ally Bank auto loan can be a convenient option because they are a huge financial institution that works with all different types of credit profiles. The mobile app makes it easy to make payments, but the app doesn’t have the best reviews on Google Play and the App Store.

This might not be the best option if you’re hoping to have in-person customer service. Since Ally Financial is an online bank, you won’t be able to get any facetime.

It’s always worth shopping around if you’re thinking of taking out an auto loan. All lenders have different rubrics for how they determine your loan terms, and you might find that there are more competitive options elsewhere.

Are you looking for more resources about loans? Check out our library of articles here.