Top Auto Finance Company Ally Financial Expands Its Financial Literacy Program
Detroit (Profitable.com) Ally Financial Inc., the No. 1 overall retail automotive finance company in the U.S.(1), has expanded its financial literacy program, Ally Wallet Wise, to include a course on Auto Finance. This new curriculum is in addition to the courses on Budget, Credit and Banking & Investing and is designed to provide consumers with easy-to-understand information on car buying, leasing and options with auto insurance.
“Consumers are wise to equip themselves with personal finance knowledge that can help them make educated decisions when buying or leasing a vehicle,” said Mike Kane, vice president of Consumer Credit Operations at Ally Financial.
According to a recent survey on auto purchasing that Ally Financial conducted, at least 60 percent of buyers spend time researching their options before walking into a dealership. The Wallet Wise website, www.allywalletwise.com , offers information that can help potential buyers do their homework.
The automotive finance curriculum provides consumers with information on:
The pros and cons of buying versus leasing a vehicle How to shop for a vehicle Key terms when buying or leasing a vehicle Optional products that consumers may consider on their finance contract or lease agreement (such as a vehicle service contract, GAP protection and lease wear protection) The ins and outs of vehicle insuranceAlly Wallet Wise launched in July and is a free financial literacy program that helps educate consumers on personal finance topics. It offers community-based, in-person sessions, as well as online courses through www.allywalletwise.com . Ally plans to continue updating the curriculum with new features and content over time.
Ally has teamed with community organizations across the country to teach the in-person Wallet Wise sessions. These organizations are equipped with workbook and presentation materials that have been structured to teach consumers in an atmosphere that is fun, interactive and conducive to learning. Consumers can learn about upcoming sessions in their community by visiting www.allywalletwise.com .
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This new curriculum is in addition to the courses on Budget, Credit and Banking & Investing and is designed to provide consumers with easy-to-understand information on car buying, leasing and options with auto insurance. "Consumers are wise to equip
This new curriculum is in addition to the courses on Budget, Credit and Banking & Investing and is designed to provide consumers with easy-to-understand information on car buying, leasing and options with auto insurance. “Consumers are wise to equip
For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. JD Power and Associates is a business unit of The McGraw-Hill Companies. McGraw-Hill is a leading global financial
GMAC-SAIC Auto Finance Receives Two Golden Engine Awards ...
GMAC-SAIC also won an award for the second consecutive time for one of its financing products called “Young Plan,” a flexible financing option designed for the developing generation of first time car buyers. This popular product was originally offered only for Chevrolet, but has been adopted for Buick vehicles recently as well.
“We are proud about this recognition for the GMAC-SAIC team,” said Rick Livingood, GMAC-SAIC general manager. “It inspires us to continue setting high standards and to support the Chinese auto industry’s development with innovative products.”
About GMAC-SAIC
GMAC-SAIC Automotive Finance Co., Ltd. is a joint venture between Ally Financial Inc. (formerly GMAC Inc.), Shanghai Automotive Group Finance Co., Ltd. (SAICFC) and Shanghai General Motors Corp. Ltd. (Shanghai GM). Ally Financial Inc. is one of the world’s largest automotive financial services companies and offers a full suite of automotive financing products and services in key markets around the globe. SAICFC, a subsidiary of Shanghai Automotive Industry Corp. Group, is one of China’s most successful non-banking finance companies. Shanghai GM is a joint venture established by General Motors Corp. and Shanghai Automotive Industry Corp. Group (SAIC), a leading passenger car manufacturer in China.