ComTRAC® Lease

Business customer financing for business-use vehicles.

The ideal leasing program for business customers who expect their vehicles to incur
high mileage, experience abnormal depreciation or require specialized equipment.

Product Features

An open-end lease agreement with no limits on mileage or excess wear; wear and mileage may reduce the vehicle’s residual value and the lessee is responsible for any difference between the residual value stated in the ComTrac agreement and the actual residual at lease end
For vehicles that are used for business more than 50% of the time
Upfit financing for up to 100% of the cost
Customer responsibility for maintenance, insurance and taxes

Eligibility

New passenger vehicles
Used passenger vehicles up to two years old
Passenger cars, light-duty trucks and medium-duty trucks
Most upfitted vehicles

Additional details

Leasing terms from 12 to 72 months
No security deposit
Titling in Ally’s name

What happens at lease end?

Your business customer can:

Buy the vehicle outright for the residual amount determined when the vehicle was contracted (plus unpaid payments and charges)
Trade in the vehicle at the dealership after buying it from Ally
Return the vehicle to the dealer for resale. Ally will market the vehicle and bill the customer for any deficiency or refund the customer any surplus calculated. The surplus calculation is based on the difference between the vehicle’s actual residual value at lease end, compared to the contracted residual value.

Benefits

For customers

Open-end lease payment may generally be expensed
Allows financing of a wide range of commercial vehicles, including those with specialized upfits, high mileage requirements or abnormal depreciation
Enables customers to set low monthly payments and manage their cash flow

For dealers

Provides another leasing option for your commercial customers
Flexible residuals allow customers to set up affordable payments, helping you close sales
Helps promote customer satisfaction and keeps them coming back

FAQs

We have answers.

The following vehicles are eligible:
- New and used passenger vehicles and light- and medium-duty trucks
- Vehicles that are used for business more than 50% of the time
Some restrictions may apply, contact your Ally Account Executive for more information.
Customers have several options at lease-end.

They can:
Purchase the vehicle

Trade the vehicle back to your dealership

Return the vehicle to us for remarketing
For additional details, call your local Ally Commercial Product Specialist or email us at allycsg@ally.com .
With an open-end lease, the final lease payment is established upfront. However, if the net sale price plus unpaid charges exceed the residual value, the customer is entitled to the excess. An open-end lease gives businesses more control of leasing terms and mileage, while holding the business liable for the vehicle's depreciation. On the other hand, a closed-end lease has a fixed term and mileage limit, so lease-end costs are more predictable.