Ally Financial Inc.

Digital bank and auto lender, formerly GMAC

What Ally Financial does

Ally Financial is a US digital financial company best known for car loans and leases, which it provides through auto dealers. It also sells insurance and protection products for vehicles and dealers, lends to mid-sized businesses, and offers online deposits, brokerage and investment advice.

How Ally Financial makes money

Ally mainly earns interest income on auto loans, leases, dealer financing and commercial loans, funded largely by retail and brokered deposits. It also collects insurance premiums and fees from vehicle protection products, dealer coverage and brokerage and advisory services.

Products & services

• Retail auto loans and leases
• Dealer floorplan financing
• Vehicle service contracts and GAP protection
• Dealer inventory insurance
• Middle-market corporate lending
• Online deposits and brokerage