Although Ally Financials exclusive agreement with Chrysler automaker expired on Tuesday, the company will continue its leasing support. The big change coming in the future will be that Ally Financial will no longer arrange subvented leases for Chrysler vehicles but rather this will be handled by Chrysler Capital. The new private-label, full-service lending program was created by Santander Consumer USA and Chrysler.
The Chrysler subvented originations declined since the second quarter of last year when the company posted a recent-high of $0.7 billion. Although Ally Financial reports an overall normalization of its financial based primarily on higher dealer stock prices. So far, Ally is on track with its company financial projections for the year.
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