Digital financial services company Ally Financial recently announced it will offer auto insurance and financing for vehicles purchased through online used-vehicle marketplace TRED.
Financing applications were accepted starting in April, while insurance services will be offered some time before September.
Two insurance services will be offered. Guaranteed Asset Protection protects customers in the event of total loss because of theft or accident. Ally Premier Protection covers vehicle repairs, rentals and roadside assistance.
Financing and insurance will give customers the flexibility and buying power needed to purchase the vehicles they want, TRED CEO Grant Feek said, while offering a trusted experience.
“As a leader in the industry, our goal is to add value for auto consumers by offering products and services that fit their needs and shopping preferences – whether they choose to purchase at a dealership, or through an online marketplace like TRED,” Ally Insurance President Doug Timmerman said.
Ally will be the only company on TRED offering these services. TRED operates in Oregon and Washington and soon in California.
In addition to its partnership with TRED, Ally launched Clearlane in April. Clearlane is an online auto finance marketplace connecting consumers to more than 12 lenders that offer finance and refinance auto loans.