The benefits available with lines of credit through Ally include the following:

• Easy and flexible service.


• Additional source of capital specifically designed for vehicle funding.


• Streamlined delivery process for all parties involved.


• Preserve bank lines of credit for other short term needs.


• Improve customer retention through one-stop shopping.


• Personal Guaranty options are available, to eliminate the owner’s name from the individual contracts.


• Assist in unexpected vehicle replacement, and help establish scheduled replacement of the customer’s fleet.


• The line of credit remains in effect for 12 months, as long as the customer is not in any default condition. The customer will be contacted before the line expires, regarding information needed to renew the line.


• We provide availability for different types of funding under our line of credit. We offer Retail, SmartLease, ComTRAC and Municipal Funding, based upon customer eligibility and applicable laws.


• Additional information on Ally's Commercial Credit Line may be found by viewing the webcast presentation “Making Credit Lines Work for You” or by clicking here.
  
• Tracking reports have been provided on the Dealer Portal so that each establishing dealer can easily monitor the status of their customer's credit lines. For details on accessing these reports, please click here for the announcement letter. A brief Quick Start Training video highlighting these changes has also been provided.


• For a flyer detailing the Customer Benefits of a Commercial Credit Line, please click here.

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The CSG has several ways to help you maximize the benefits of established lines of credit. In addition to having several web-based tools available at www.gmaccsg.com, we have also conducted several training session broadcasts. The most recent session, entitled “Making Credit Lines Work for You” is available on this website for review at your dealership sales meetings. This broadcast, approximately 15 minutes in length, outlines the benefits of credit lines, how to obtain the required forms and how to implement the entire process at your dealership. A full explanation of the terms and conditions of each type of funding, as well as forms and personnel contact information, is also available on our website.

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To initiate a line, a Credit Line Application Checksheet is available on our website to assist both you and the customer throughout the process. This form outlines specific information required, based upon the amount of credit anticipated over the next twelve months. A signature is required at the bottom of the application form to enable us to complete our investigation. By spending a few minutes to complete the form with the customer, your turnaround time can be reduced, eliminating delays related to requesting additional information.

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Once a Ally Commercial Line of Credit is established, it streamlines the delivery process and allows you to work on other opportunities, such as monitoring scheduled maturities, the condition of fleet vehicles and additional business needs. Offering lines of credit to all customers, even those who buy only two or three vehicles a year, is important since long term loyalty is the basis for repeat sales and success.

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In summary, we have various tips available to help sell lines of credit to your customers that will help improve your value in their eyes. We encourage you to utilize this information and then present it to all customers who have multiple accounts. There may be additional opportunities available that haven’t previously been discovered. Please visit our website for additional information and the names and contact information of our entire staff.