Ally Financial is to become the preferred financing source for Mitsubishi Motors in the US, replacing the brand's captive finance company, Mitsubishi Motors Credit of America.
The agreement broadens the existing relationship between Ally and Mitsubishi Motors North America (MMNA), continuing to make Ally's full suite of automotive financial products and services available to all Mitsubishi dealers and their customers.
Through the agreement, Ally will provide use of its retail and lease financing, wholesale financing, remarketing, and insurance offerings, at Mitsubishi's nearly 380 dealerships across the US.
Don Swearingen, executive vice president of MMNA, commented: "As we pursue our growth plans in this dynamic landscape, we are pleased to have a financial partner like Ally that can support us with the products and services that our dealers need and that will be integral to our success."
