Detroit's Ally Introduces Digital Platform that Pre-qualifies Vehicle Shoppers


Published:

Ally Financial Inc. has launched Clearmatch.

Stock photo

Ally Financial Inc., based in Detroit, has announced the development of Clearmatch, a digital service that allows customers to be approved for financing on vehicles in dealer inventories. Clearmatch was developed through Clearlane, Ally’s online auto financing platform.

Clearmatch will allow customers to be pre-qualified for financing online and then browse inventory at dealerships participating in the program. Once customers select one or more vehicles, they can be digitally approved for financing. The pre-qualification process will not impact customers’ credit scores, Ally officials say.

“Clearmatch will transform the car-buying experience, improving the process for both consumers and dealers. For consumers, it’s all about speeding up the process,” says Jeff Danford, senior vice president of Clearlane. “We help consumers explore their options, so when they get to the dealership they’re ready to finalize the purchase and financing with the dealer and drive home in their vehicle.”

After completing the online process, customers can take approval certificates to participating dealerships, where they can finalize the purchase and financing.

Ally launched Clearlane in April 2017. Ally Financial Inc. is a digital financial services company with assets of $167.1 billion as of December 31, 2017.

The public company, which operated as GMAC Inc. (General Motors Acceptance Corp.) until 2010, is the largest car finance company by volume. It works with some 18,500 dealerships and 4.3 million consumers. The headquarters are at One Detroit Center.

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Global Urban Summit CityLab Detroit to be Held in October

CityLab, a global cities summit organized by the Aspen Institute, The Atlantic, and Bloomberg Philanthropies to address urgent urban issues, is coming to Detroit next month and will feature such speakers as Mary Barra, chairman and CEO of General Motors Co., and Michael Bloomberg, former mayor of New York City.

Belle Isle Conservatory to See Almost $2M in Renovations

The Michigan Department of Natural Resources Thursday announced the Anna Scripps Whitcomb Conservatory in Detroit’s Belle Isle Park will undergo a $1.9-million renovation project starting in October.

Everdays in Detroit Launches Death Notification App to Complement Digital Platform

Detroit-based Everdays, a social platform that builds communities around milestone life events and provides people with the ability to stay up-to-date about deaths in their life's network, Thursday announced the introduction of a free new consumer app.

Oxford Companies in Ann Arbor Acquires Ann Arbor’s 777 E. Eisenhower Parkway, Plans $10M Renovation

Ann Arbor’s Oxford Companies Thursday announced it has acquired 777 E. Eisenhower Parkway on Ann Arbor’s south side. The 10-story, 290,000-square-foot building is one of the city’s highest-profile office properties. Details of the transaction were not disclosed.

Cincinnati-based Buffalo Wings and Rings Looks to Open 30 Metro Detroit Locations

Buffalo Wings and Rings, a Cincinnati-based franchise, plans to open a location in metro Detroit within the year and expand in Michigan over the next five years. The sports restaurant franchise has 80 units worldwide and has grown significantly since its establishment in 1984.
Edit ModuleShow Tags

Most Popular

  1. Wayne State’s Graduate Supply Chain Program Ranked Among Top 25 in the Country
    Wayne State University’s graduate global supply chain management program is among the...
  2. Belle Isle Conservatory to See Almost $2M in Renovations
    The Michigan Department of Natural Resources Thursday announced the Anna Scripps Whitcomb...
  3. The Corner Apartment and Retail Project at Old Tiger Stadium Site in Detroit to be Completed in February
    The former Tiger Stadium site in Detroit received the city’s first modular home drop today as...
  4. Bloomfield Hills’ Center Rock Capital Partners Acquire American Piping Products
    Center Rock Capital Partners LP in Bloomfield Hills today announced it has acquired American...
  5. Universal McCann Will Open Office in Downtown Detroit to Oversee Quicken Loans’ Media Planning and Buying
    Detroit-based Quicken Loans Inc. today announced a long-term agreement with Universal McCann (UM)...
  6. The Kiefer Foundation in Plymouth Expands Efforts to Combat Distracted Driving
    The Kiefer Foundation in Plymouth, which trains and educates teenage drivers and their parents...