ENGLEWOOD CLIFFS, N.J. — Maserati North America recently tapped Ally Financial to be its official preferred financing provider for brand vehicles in the U.S. and Canada.

The luxury automaker indicated Ally will offer wholesale financing and insurance for dealers and retail financing and leasing for consumers.

Ally and Maserati have entered into a multi-year agreement for the preferred financial provider services. 

Ally explained that it plans to offer both standard and incentivized retail financing for Maserati vehicles in the U.S. and Canada, and leases in the U.S. market. The company finances new- and used-vehicle sales and also has a remarketing service caled SmartAuction for dealers to post or purchase used-vehicle inventory.

"Maserati completed an extensive search for a financial services provider. We chose Ally Financial based on its ability to meet the needs of our dealer network and our customers," said Mark McNabb, president and chief executive officer of Maserati North America.

"Ally is an experienced and trusted source in the industry. The preferred financing relationship with Ally will support our brand and build customer loyalty," McNabb continued.

Bill Muir, president of Ally Financial, remarked that, "Maserati dealers and their customers expect a high level of service, and that's what we intend to provide.

"We look forward to establishing a strong relationship with the network of Maserati dealers in the U.S. and Canada and to working with Maserati North America to offer attractive financing programs for their customers," Muir added.

"This relationship will further diversify and expand our customer base and demonstrates the breadth of our capability to serve luxury brands," he went on to say. "At Ally, our goal is to help dealers sell more vehicles and operate profitable businesses, while servicing customer accounts with world class care."