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Old 04-13-2012, 10:49 AM   #16
XDCX
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Quote:
Originally Posted by chryslersrt8 View Post
When you consider the longevity of Chrysler in Ally portfolio vs. GM stores maybe that's why. Longer contracts from longer ago. Also how few deals when Ally first started as well as leasing portfolio for Chrysler vs. GM. Our store wasn't involved heavily with Ally finance until recently. I know a number of dealers that use Chase instead of Ally.
Thanks for the comments - you make some excellent points.

In retrospect, I used the term "portfolio" incorrectly. Here's the excerpt from the news report that caught my attention:
In the fourth quarter, 6% of Ally's business came from Chrysler loans governed by its contract with the automaker but provides other loans to Chrysler buyers through business beyond its deal with the company.
Based on the above statement I'm guessing the 6% only represents retail contracts where Chrysler is subventing the finance rate as part of an incentive.
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