McLaren North America and Ally Financial Announce Financing Relationship

NEW YORK, Jan. 4, 2016 /PRNewswire/ -- McLaren Automotive North America and Ally Financial announced today a new preferred financing relationship, which includes the availability of retail financing and competitive leasing options for McLaren's two best-selling models, the McLaren 570S and 650S. McLaren and Ally worked together over several months to develop this bespoke program for the unique McLaren client base. Retail financing and closed-end leases are available to qualified customers immediately throughout the entire U.S. McLaren dealer network.

"We are thrilled to announce the addition of leasing to our purchasing options, and fulfill what has been a regular request from our customers and dealers since we first set up U.S. operations in 2011. Ally Financial has been a wonderful partner to develop this bespoke program with, and we are excited to launch it today," said Anthony Joseph, President of McLaren North America. "The availability of leasing comes at a critical time for McLaren as we begin to deliver the 570S Coupe, which enters a segment where lease availability is critical to car sales."

These closed-end lease programs from McLaren were developed in response to both customer and retailer demand, and to better compete in the performance car market. Leases are available for the 2016 McLaren 570S Coupe for as low as $2,200 per month*.

The competitive leases provide McLaren customers with certainty around the cost of driving by transferring the risk of depreciation away from the customer. They also offer convenience, where customers who have met all of their lease obligations can simply turn their car back in at the end of the leasing term.

"We are pleased to be launching this program with McLaren and supporting one of the world's premiere luxury brands," said Tim Russi, President of Auto Finance at Ally Financial. "We look forward to establishing and building strong relationships with McLaren's network of U.S. dealerships and providing long term value."

*Subject to terms, conditions and availability. Available through participating McLaren dealers in the United States.

About the Eligible Models
The McLaren 570S Coupe is the first model launched in McLaren's new Sports Series. Following its global debut at the New York International Auto Show in April 2015, the new model range marks the entry of McLaren into the luxury sports car market, introducing race-derived technologies and supercar performance in a package which is very much a pure McLaren, but at a sports car price point. With pricing starting at $184,900, the 570S Coupe is just now beginning to arrive at McLaren retailers across the U.S.

The McLaren 650S Coupe and Spider represent the core of McLaren's supercar offerings: the aptly named Super Series. Only one model year into production, the 641 hp, 2,926 lb 650S has received a host of upgrades for 2016, including what was previously over $22,000 in additional carbon fiber content as standard. Starting from $269,500, the 650S sets the bar for performance, comfort and technology in its class – only five years after McLaren's return to building road-going supercars.

Notes to Editors:
A selection of high resolution images accompanying this release is available to download from the McLaren Automotive media site – cars.mclaren.press.

About McLaren Automotive:
McLaren Automotive is a British manufacturer of luxury, high-performance sports cars, located at the McLaren Technology Centre (MTC) in Woking, Surrey.

Following the global launch of McLaren Automotive in 2010, the groundbreaking 12C was launched in 2011, the 12C Spider in 2012, and the limited-run McLaren P1™ went into production in 2013. In keeping with its plan to introduce a new model each year, the company unveiled the 650S, in coupe and Spider form in 2014, and has announced the Sports Series among the models to be introduced in 2015. The brand continues to expand, and McLaren posted a profit during 2013 – only the third year of vehicle production. This was followed in 2014, by a third consecutive year of growth in sales with a record 1,649 vehicles delivered via a dedicated global network of retailers in every major automotive market.

McLaren Automotive Partners                       
To support the development, engineering and manufacture of its range of innovative and highly acclaimed sports cars, McLaren Automotive has partnered with world leading companies to provide specialist expertise and technology including, AkzoNobel, ExxonMobil, Pirelli and SAP.

About Ally Financial Inc.
Ally Financial Inc. (NYSE: ALLY) is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive services business offers a full spectrum of financial products and services, including new and used vehicle inventory and consumer financing, leasing, vehicle service contracts, commercial loans and vehicle remarketing services, as well as a variety of insurance offerings, including inventory insurance, insurance consultative services for dealers and other ancillary products. Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking. Ally's Corporate Finance unit provides financing to middle-market companies across a broad range of industries.

With approximately $156.1 billion in assets as of Sept. 30, 2015, Ally operates as a financial holding company. For more information, visit the Ally media site at http://media.ally.com or follow Ally on Twitter: @Ally.

Contacts:

John Paolo Canton
Senior PR Manager | Americas Region           
Phone: +1.646.926.5971               
Mobile: +1.347.809.0994               
Email: [email protected]

Sari Martin
Ally Financial
Phone: 1.646.781.2539
Email: [email protected]

Photo - http://photos.prnewswire.com/prnh/20160103/318747
Photo - http://photos.prnewswire.com/prnh/20160103/318748

SOURCE Ally Financial