DealershipForum.com - View Single Post - Will the Chrysler Dealers get a new Captive Lender?

XDCX · 03-27-2012, 12:05 PM

The possible break-up of Ally (bankrupting ResCap and splitting off the online bank and the automotive operations) is in the news and frankly I'm betting it's already a done deal. The Treasury (which owns 74% of Ally) knows they can't float an IPO for Ally and the company has little value given the obligations they're exposed to with ResCap.

The purpose of this thread, however, is to ponder what Chrysler will do for a Captive Lender if Ally is sold to General Motors.

Chrysler already has a "side by side" relationship with Chase Bank and Chrysler's endorsed Santander Bank as a source for "near prime" loans.

TD Bank is an obvious choice given their DNA (TD Bank bought Chrysler Financial from Cerberus) and Wells Fargo has also been mentioned.

What's your bet, will Chrysler need to find a new captive and if so, who will it be?

03-27-2012, 12:05 PM	#1
XDCX Administrator Join Date: Nov 2007 Posts: 14,869	Will the Chrysler Dealers get a new Captive Lender? The possible break-up of Ally (bankrupting ResCap and splitting off the online bank and the automotive operations) is in the news and frankly I'm betting it's already a done deal. The Treasury (which owns 74% of Ally) knows they can't float an IPO for Ally and the company has little value given the obligations they're exposed to with ResCap. The purpose of this thread, however, is to ponder what Chrysler will do for a Captive Lender if Ally is sold to General Motors. Chrysler already has a "side by side" relationship with Chase Bank and Chrysler's endorsed Santander Bank as a source for "near prime" loans. TD Bank is an obvious choice given their DNA (TD Bank bought Chrysler Financial from Cerberus) and Wells Fargo has also been mentioned. What's your bet, will Chrysler need to find a new captive and if so, who will it be?