Ally Transfer Of Equity Form – Fill Out and Use This PDF

Have the applicant complete the entire application.

If the applicant is a business, have the business applicant:  Include a copy of the corporate resolution (This will indicate who can sign on behalf of the business)  Include a copy of the SS-4 or verifying document for Tax Identification Number  Complete the enclosed owner verification form Upon receipt, Ally Financial will review the application for completeness. If any information is missing, Ally Financial will send a missing information letter to the applicant stating what information is missing. Please note: Missing information could substantially delay the process. In the case of an approval, a fee may be collected. Please Note: The vehicle will be registered and titled in the state provided in the credit application's address section. If there are two applicants, and they provide different states, Ally Financial will contact the applicants and inquire which state they prefer. If the request for transfer is not approved, Ally Financial will send the applicant a notice with the reasons for Ally Financial's decision. Anyone other than the applicant will not receive a copy of this notice. Once the processing of one application is concluded, another applicant may apply for transfer of the vehicle. Please note: Ally is only able to process one application at a time, so please ensure you do not have multiple applicants submitting applications concurrently. The applicant and/or co-applicant cannot apply to purchase the vehicle through a transfer of equity if they are already obligated on the account they are applying for. In addition, if the applicant is one of two or more parties on an Ally Financial lease account, if a party on the lease is not purchasing the vehicle, a release letter from the party not purchasing the vehicle is required. This release letter must be signed and notarized. If the applicant is one of two or more parties on an Ally Financial lease account and is interested in exercising any of the options, please contact Ally Financial for more information. If you have any questions, call Ally Financial at 1-866-718-8019 Option 3 then Option 1.

Mark Application Type as Individual or Business, mark Transaction Type as Retail or Lease, and enter the VIN.

Under APPLICANT INFORMATION, enter the Last Name (or trade name of business), First, Middle Initial, Suffix (Jr.), Date of Birth, Soc. Sec. # (or Tax ID #), Home (or business) Phone Number, Type of Enterprise, Type of Business and Years in Business.

Enter the Present Address, Zip Code, City and State.

Enter the Present Job Title, Present Employer and Employer Phone Number.

Alimony, child support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation.

If there is a Co-Applicant, under CO-APPLICANT INFORMATION enter the Last Name (or trade name of business), First, Middle Initial, Suffix (Jr.), Date of Birth, Soc. Sec. # (or Tax ID #), Home (or business) Phone Number, Type of Enterprise, Type of Business, Years in Business, Present Address, Zip Code, City, State, Present Job Title, Present Employer and Employer Phone Number.

Under VEHICLE, enter the Mileage, Make and Model. Under NEAREST RELATIVE OR FRIEND NOT LIVING WITH YOU, enter the NAME, PHONE, ADDRESS, CITY, STATE and ZIP.

Joint credit: Applicant and Co-Applicant (initials only).

By signing, you certify that you have read and agree to the terms of this application.

By signing this application, you certify that the information in your application is complete and true.

Under Notice to Wisconsin Residents, indicate Married, Unmarried (includes single, divorced, widowed) or Separated, and if married or separated and spouse is not a co-applicant, provide the Non-applicant spouse's name and address.

This form must be completed by the person opening a new account on behalf of a legal entity.

The form requires the name, physical address, date of birth and social security number (or passport number or other similar information, in the case of Non-U.S. Persons) of each individual who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer, and of an individual with significant responsibility for managing the legal entity customer.

Section C: the following information for each individual, if any, who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, owns 25 percent or more of the equity interests of the legal entity, and if no individual meets this definition, check Beneficial Owner Not Applicable and skip this section.

For a person with a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), provide the (SSN/ITIN). For a Non-U.S. Person without a (SSN/ITIN), provide a Passport Number and Country of Issuance. In lieu of a passport, a Non-U.S. Person may also provide an Alien ID card number, or number and country of issuance of any other government-issued documents evidencing nationality or residence and bearing a photograph or similar safeguard. If a Beneficial Owner also has managerial control, check the applicable box indicating this.

Section D: the following information for one individual with significant responsibility for managing the legal entity, such as an executive officer or senior manager (e.g., Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, Treasurer), or any other individual who regularly performs similar functions. If appropriate, an individual listed under section (C) may also be listed in this section (D).

By signing, you certify to the best of your knowledge that the information provided is complete and correct, with Print Name, Title, Signature and Date.

Return a completed copy of the attached application to the Processing Center, Post Office Box 380902, Bloomington, MN 55438-0902. Or fax: 866-619-8676.