DETROIT and HAUPPAUGE, N.Y. — As well as GrooveCar, a
provider of point-of-sale credit union auto lending, Ally Financial is rolling
out deferred payment assistance to customers in areas affected by Superstorm
Sandy.

Ally said today that it will offer a 90-day payment deferral
program on the purchase of all new GM and Chrysler 2012 and 2013 vehicles
financed by Ally.  The program is
effective through Jan. 2.

Officials explained the program allows eligible creditworthy
customers residing in counties impacted by Superstorm Sandy to buy a new
vehicle and defer the first payment for up to 90 days.  It applies to both standard rate and
manufacturer-incentivized financing contracts.

They pointed out commercial vehicle sales for business use
are also eligible. 

"We recognize the devastation and difficulty caused by the
superstorm, and Ally Financial is offering this program as a means to provide
some relief to people who need to purchase a new vehicle in the affected areas,"
said Tim Russi, executive vice president of Ally's North American Operations.

The company mentioned Ally also has been assisting dealers
in the hurricane region to get back up and running quickly.

"Ally contacted dealers in advance of the hurricane to work
with them and ensure vehicle inventory was secured when possible," said
Tom Callahan of Ally Insurance.

"Ally has deployed its field team to the areas affected by
Superstorm Sandy and we are actively working with dealers that have Ally
wholesale insurance to help them resume normal business operations," Callahan
added.

GrooveCar's Payment Plan with Credit Unions

GrooveCar joined forces with six large Long Island credit
unions to defer auto payments for its members impacted by Hurricane Sandy,
which wreaked havoc on the New York metropolitan region. 

The dealerships in the GrooveCar network and the credit
unions are offering a 60- or 90-day deferral payment option for both new and
pre-owned vehicles, including balloon and retail auto loans. The stores are
allowing the extra time necessary to make timely car lending payments without
being penalized.

GrooveCar has teamed up with Bethpage Federal Credit Union,
Island Federal Credit Union, Nassau Educators FCU, Nassau Financial FCU,
People's Alliance FCU and Teachers FCU. 

"What nature has wrought to Long Island is something we
cannot easily remedy," said GrooveCar president David Jacobson. "But this
concerted effort will, we feel, make a small, but discernible dent in the
pockets of our credit union clients and their members."

Additional information can be found on the GrooveCar website
at www.groovecar.com or by calling (866) 476-6834.