UPDATE: VIDEO from Ally Financial and Synaptic Digital: Finance at Your Fingertips
Online Tools Help Keep Consumers on Track
NEW YORK, Feb. 14, 2011 /PRNewswire/ -- When shopping around for a new car, most people have to finance their new vehicle. Calculating your budget before stepping into a dealership showroom can save you time and money.
See video from Ally Financial at: http://inr.synapticdigital.com/Ally/FinancialCalculator/
New online banking tools, like Ally Financial's payment estimator, make it easy for shoppers to figure out how much they can afford. For example, a good benchmark is that the total vehicle cost shouldn't be more than approximately 18 percent of your take-home monthly income. Ally's payment estimator could provide a more accurate estimate than other tools in the market because it includes local market incentives available on General Motors, Chrysler and Saab vehicles as part of the calculation.
To use the payment estimator, enter the make, model, and year of the car you're interested in. Then enter the down payment, the term of the financing and your zip code. When complete, it estimates the monthly payment with applicable incentives and offers additional payment options.
Ally Financial is a leading provider of automotive financing to U.S. consumers. The company financed more consumer new vehicle purchases in the U.S. than any other lender during 2010, according to AutoCount data by Experian Automotive.*
In 2010, Ally financed more than 803,000 new vehicle purchases, resulting in nearly $23 billion in consumer retail contracts in the U.S. Ally accounted for one in every eight new vehicle purchases that are financed in this country. In total, combining new and used vehicles, purchases and leases, Ally financed $31.6 billion in consumer auto contracts in the U.S. in 2010.
Ally Financial accepts financing applications for new and used vehicles from dealers of all auto makes, and is the preferred provider of financing for the automotive dealer networks of General Motors, Chrysler, Saab, Suzuki, Fiat and Thor Industries.
*Experian Automotive reports Department of Motor Vehicles registration information from all 50 states.
Four states do not report the financing source: Wyoming, Delaware, Rhode Island and Oklahoma.
Registered journalists can access video, audio, text, graphics and photos at http://www.thenewsmarket.com.
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SOURCE Synaptic Digital; Ally Financial
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