Finance Insurance

McLaren will no longer lease through Ally

McLaren
July 01, 2020 07:04 PM

McLaren North America is making a change to its leasing relationship with Ally Financial.

"After more than four years of successfully growing this aspect of the business together, McLaren has elected to explore other opportunities in this area of finance to continue to grow its North American business and better support both our retailers and customers," a McLaren spokesman said in an emailed statement responding to a question from Automotive News.

"Ally Financial will continue to support other aspects of retail financing to McLaren customers and we expect to announce new leasing arrangements shortly."

Ally, in a separate statement, said: “McLaren Automotive informed Ally that it has elected to stop supporting leases effective July 1.”

“Other areas of our business are not affected by this change and will remain business as usual,” Ally said.

Staying current is easy with newsletters delivered straight to your inbox.