Ally® Bank Auto Loan Reviews

2.5 out of 5 stars
34 Reviews

From Borrowers in the last year


Application Process

3 out of 5 stars

Customer Service

2.5 out of 5 stars

2.5 5

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Most Helpful Positive Review

Nov 10, 2015
Anonymous Borrower

Even with a "FAIR" credit rating, Ally beat my credit union's interest rate!

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Most Helpful Negative Review

Apr 21, 2016
Down Right Dishonest!!!
Sprinkey Borrower

On 10/9/2015 I refinanced my loan with another institute. they got the payoff amount on that same day. on 10-20-2015 Ally tried taking another payment from my acct. knowing it was being paid off by the other bank. Ally had already recieved payment by then and wont admit it but the new financial institute told me they had cleared the check by then. So the loan should be paid right, wrong. apparently getting a payoff for the exact amount owed isnt enough they want more from you. apparently they want your kids, dogs, and everything else after that loan has been paid. So the conclusion to my story is when you do math, math never lies. if i owe $32793.29 on 10-9-2015 wih a per diem of x amount of dollars added for interest. that is what the payoff should be. Not a whole other payment like these thieves are trying to take from me. 

Dont use them, both my wife and I have had terrible experiences with this lending institute!

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These reviews were written by current and former borrowers in the last year.

May 11, 2017
No Customer Service
Anonymous Borrower

The product is good. But good luck finding someone to talk to if there is an issue. 

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May 10, 2017
Anonymous Borrower

Recently I scheduled my car payment to be withdrawn from 2 separate checking account - half from one and the other half from another. However, when the payment were withdrawn they took the correct amount from the one checking, but withdrew about $700 more than authorized from the other. When we called to see what had happened all they could say was " the amount was authorized" even though I had the email showing it was not. They told us the only way to get the month back was to contact our bank and let them know that they amount was not authorized - but that this process could take 2-3 months and in the meantime we would be expected to continue making our car payment each month. This has set us back on our bills and other payments. It has literally turn our financial world inside down and there is nothing that can be done. Yes, we don't have to make a payment for 2 months because they charges us for a total of 3 payments, but that doesn't help us NOW. I've heard from an acquaintance that this happened to them twice and have read other reviews from people saying this happened to them too. How can a company do this to people. If I could, I would move my car loan to a new company right away and I warn others to really watch what this company is charging you. 

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May 08, 2017
Great 1st auto loan experience
Anonymous Borrower

Their phone app is super handy. While my interest rate was super high (12.4%) because I had little credit history due to my young age, their finance charges were easy to understand. Pay off the loan earlier and pay more than once a month if you can, and you'll pay less in finance charges. Never once had to speak with someone via phone. I would recommend. You work with them, and they'll work with you.

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May 04, 2017
Have nothing but good vibes for Ally .
humpty74 Borrower

Nice folks to deal with. Will try to help you with any problems.

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Apr 26, 2017
Loan 7.39% to high
Anonymous Borrower


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Apr 06, 2017
total cluster@#$%

Ally financial uses offshore telephone crews for customer service and collections. Rule number one of good customer service broken. Communication in both chat and over the phone is next to impossible, they do not comprehend english. They follow phone scripts and simply frustrate and **** you off until you hang up on them! Go anywhere else for a loan, do yourself a favor! I have spent three days tracking downb a five thousand dollar payment I made to them. Thank goodness my bank trtacked it, ALLY has no clue whree it is, and guess what, I'm not making another one!

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Apr 06, 2017
mrZombie Borrower

I was approved with bad credit (520) and 10k downpayment for 12% interest rate. Paid the bills for 15 months and refinanced with the other bank.

I can't say anything bad about ALLY. They have good customer service (through live chat, I never had to call them), easy mobile app and simple online payment system. They also let me refinanace the loan pretty quickly without any delays.

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Mar 30, 2017
If I could give negative stars, I would.

I bought a car and was approved through Ally at a lower interest rate than what my local bank could do. I mistakenly went with this company, and wish I hadn't. I get paid once a month, and my payment date was off by a few days. I understand it's the policy of most lenders to ask you to pay one month before they change your requested date, so I started A MONTH ahead of time to avoid this situation. I was informed I had to make a partial payment to process the request, which I did within the required timeframe. I was also required to sign papers - no problem. Multiple (I'm talking 7+) phone calls later, and they still haven't processed my request after repeated assurances to the contrary. I submitted the required paperwork via their secure message center in my account, and never received a response. I also faxed the paperwork as I was requested to do, and never received a response there either. Multiple phone calls following this assured me that they had received everything, didn't need anything else, and would expedite my request and would have it ready within 24-48 hours. This waiting period happened 3 times with no resolution whatsoever. I was concerned that my account and my credit would have a negative mark on it for a late payment, and after less than impressive service, I switched to my local bank. My payment only went up by about $16, and I think this is definitely a situation where you get what you pay for. After I switched my account to a different bank, I received another correspondence from Ally indicating that I would need to make an additional partial payment to complete my request .... I think I made the right decision to cut ties with them.

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Mar 23, 2017
Auto loan
Anonymous Borrower

I financed a work van through Ally. The vehicle was paid off one year before final payment was due, and I used the vehicle as a trade in to purchase another vehicle. I recently had my credit report check and Ally is claiming that the first work van was repossessed. I have been fighting this for just about 30 days and can get nowhere with having this removed from my credit report. I would never use or recommend this Bank for any type of a loan if they are this difficult to deal with even when you have documentation proving what you are saying.

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Mar 17, 2017
Worst experience ever
Anonymous Borrower

I will never in a million years do business with Ally financial again in regards to an auto loan. Worst experience ever. At the end of my lease I was hit with a $400 wear and tear bill to damage that was done on my car in the time between me dropping it off at the walk-away process and when an Ally inspection agent came and looked at my car, I called to try and dispute the damages and all I received was a rude agent claiming "it's your fault" when asked to speak to a supervisor I was told no. Who says no to a customer??? I will never ever ever be a customer to Ally financial.

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