To help dealers close more deals quickly, Ally Financial has introduced a dealer approval program called “Ally RV Express.”
Dealers simply need to complete an Ally retail credit application and run a generic credit bureau report, according to a news release. Then, they verify that their customers meet a checklist of requirements based on the amount to be financed – such as credit score, credit history, minimum down payment, advance and term. Provided the applicant meets the criteria, the dealer can offer a contract to the customer and sell it to Ally Financial for funding. The Ally RV Express program can be applied to RVs of 2006 or newer models.
“Our goal is to help dealers sell more RVs and streamline the financing process for qualified customers,” said Mark Manzo, vice president of Alliance Sales for Ally Financial.
Information about the program is being provided to U.S.-based RV dealers who do business with Thor Industries Inc. Ally Financial was named the preferred retail finance provider for Thor RV dealers earlier this year, and announced its entry into general RV wholesale financing in November. For more information, dealers may call the Ally RV branch office at (800) 814-8842.