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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
Ally Financial has agreed to pay nearly $20 million to end a class action lawsuit alleging the company misled consumers financing vehicle purchases through them.
Under the terms of the Ally Financial class action settlement, Class Members can be reimbursed for the allegedly hidden fees they paid under vehicle finance plans through Ally.
The Ally Financial class action settlement will end allegations that the company hit consumers with hidden fees as a part of lease-to-purchase agreements called “SmartLease Contracts.”
The plaintiffs claimed the Ally Financial violated the Consumer Leasing Act because it hit consumers with fees if they decided to purchase the vehicle at the end of their SmartLease Contract.
According to the Ally Financial class action lawsuit, these fees were not described in the SmartLease Contract that consumers agreed to when they started the lease agreement with Ally Financial.
Class Members, under the Ally Financial class action settlement, include those in the United States who were hit with dealer or documentary fees not included in their SmartLease Contracts.
According to the settlement agreement, affected SmartLease Contracts go back as far as June 4, 2009 through June 18, 2018.
The company admits no liability under the terms of the Ally Financial class action settlement.
Class Members who wish to object or exclude themselves from the Ally Financial class action settlement must do so by Aug. 31, 2018.
Who’s Eligible
Class Members include those who leased a motor vehicle pursuant to a SmartLease Agreement that was assigned to Ally Financial Inc., then purchased the vehicle under the terms of the lease between June 4, 2009 and June 18, 2018 and were assessed a “Documentary” or “Dealer” fee.
Please note the following predecessors in interest and affiliated companies: General Motors Acceptance Corporation, GMAC LLC, GMAC Inc., GMAC Automotive Bank, Ally Bank, Ally Bank Lease Trust and Ally Financial Lease Trust.
Potential Award
Varies depending on the fees paid.
“Each Settlement Class Member who timely returns a valid Claim Form (‘Claimant’) shall receive a payment (‘Settlement Payment’) equal to one hundred percent (100%) of the Documentary or Dealer Fee that was charged in connection with the lease-end transaction pursuant to a purchase option provision in his/her SmartLease Agreement,” the Ally Financial class action settlement agreement states.
If claims and settlement costs exceed the $19.7 million settlement fund, awards will be adjusted on a pro rata basis.
Proof of Purchase
Class Member ID from Claim Form.
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
2/28/2019 UPDATED
The Claim Form deadline is 90 days after the date of the final approval of the settlement agreement. If no objections or appeals are filed, then the deadline should be 90 days from the final hearing which is Jan. 9, 2019.
Case Name
Schreiber v. Ally Financial Inc., Case No. 1:14-cv-22069, in the U.S. District Court for the Southern District of Florida
Final Hearing
10/11/2018
UPDATE: The Ally Financial Hidden Auto Leasing Fees Class Action Settlement was granted final approval on October 11, 2018. Claims will not be paid until after the claim deadline. Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
UPDATE: On November 13, 2018, a notice of appeal to the Ally Financial Hidden Auto Leasing Fees Class Action Settlement was filed. Claims will not be paid until all appeals are exhausted. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more.
UPDATE: On November 30, 2018, the appeal to the Ally Financial Hidden Auto Leasing Fees Class Action Settlement was dismissed. Claims will not be paid until after the claim deadline. Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
Settlement Website
Claims Administrator
Schreiber v. Ally Financial, Inc.
c/o Heffler Claims Group
PO Box 7528
Philadelphia, PA 19101-7528
1-844-702-2784
Class Counsel
PODHURST ORSECK PA
BARON & BUDD PC
Defense Counsel
BALLARD SPAHR LLP
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77 thoughts onAlly Financial Hidden Auto Leasing Fees Class Action Settlement
I need a claim number
I need a claim number
I need a claim number for my 2016 Toyota Camry thru ally
I too, cannot recall the financial/lease agreements during this time frame, although I do know I did business with GMAC/Ally.
I have a car financed by Ally I bought last year, how do I get a claim number?
I am going through a major I.D. Theft situation & it has been reported to me iin regards in my credit repairing that I have a car thats been refinanced twice & a new purchase of a car in “2017”. I don’t have a car at all! I have not had a car to drive in over 15 years!!
Please inform if me if there are any cars purchased in my name or as a co-signer. It would be a fraudulent transaction & crime. In the meantime, I have took it upon myself to have legal counsel investigate this matter, before
contacting you in regards to me applying to file this claim. Do u suggest that I do file this claim from this class actio suit, in case someone tries to claim on a fraudulent Identity?
I bought carin 2013 October by ally financial .How can I find if I am part of settlement?
I purchased a used vehicle and they assigned ally as the bank October 2012 to October 2017 ,and I feel like I was miss lead about the warranty they talked me into purchase. And wasn’t clear on.
I’m leasing a 2017 how do I find out
We leased a vehicle in I believe 2013 – 2016 thru GMC How do we find out about this fee charged. So long ago. Ally rings a bell but not positive.