On Tuesday, digital financial services company Ally announced the launch of its new online auto finance marketplace, Clearlane. This new platform notably connects consumers with leading auto finance providers to finance or refinance their vehicles.
According to Ally, the Clearlane network includes numerous national, regional and local providers, offering auto finance and refinance products. While sharing details about the new marketplace, Tim Russi, president of auto finance at Ally, stated:
“With Clearlane, Ally adds a unique online platform to our digital financial products and services in the auto space, allowing consumers to easily secure financing or refinance their vehicle through a trusted source,” said “We are excited about the opportunities to offer more financing and F&I products through the platform in the future, and to eventually leverage the technology to power online sales for our dealers.”
Ally added that the Clearlane platform was brought to market following its acquisition of BlueYield.