Ally Replaces Mitsubishi’s Captive Lender, from WardsAuto.
Broadening an existing relationship, a new agreement brings all of Ally’s financial products and services to the automaker’s nearly 380 U.S. dealers.
Ally Financial will become the primary financing source forMitsubishi in the U.S., replacing the brand’s captive finance unit as the Japan-based automaker tries to get its mojo back.
Broadening an existing relationship, the agreement brings all of Ally’s financial products and services to nearly 380 dealers. Those offerings include retail and lease financing, wholesale financing and aftermarket products.
“Mitsubishi Motors Credit of America will remain in operations for a short overlapping period, but when the transition is complete, Ally will be our preferred financing source,” Mitsubishi spokesman Alex Fedorak tellsWardsAuto.
