<SEC-DOCUMENT>0001144204-16-136672.txt : 20161128
<SEC-HEADER>0001144204-16-136672.hdr.sgml : 20161128
<ACCEPTANCE-DATETIME>20161128151022
ACCESSION NUMBER:		0001144204-16-136672
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20161128
DATE AS OF CHANGE:		20161128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ally Financial Inc.
		CENTRAL INDEX KEY:			0000040729
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE LESSORS [6172]
		IRS NUMBER:				380572512
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-206284
		FILM NUMBER:		162019636

	BUSINESS ADDRESS:	
		STREET 1:		ALLY DETROIT CENTER
		STREET 2:		500 WOODWARD AVE. FLOOR 10
		CITY:			DETROIT
		STATE:			MI
		ZIP:			48226
		BUSINESS PHONE:		866-710-4623

	MAIL ADDRESS:	
		STREET 1:		ALLY DETROIT CENTER
		STREET 2:		500 WOODWARD AVE. FLOOR 10
		CITY:			DETROIT
		STATE:			MI
		ZIP:			48226

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GMAC INC.
		DATE OF NAME CHANGE:	20090701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GMAC LLC
		DATE OF NAME CHANGE:	20060720

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GENERAL MOTORS ACCEPTANCE CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<FILENAME>v454014_424b2.htm
<DESCRIPTION>PRELIMINARY PRICING SUPPLEMENT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Filed under Rule 424(b)(2), Registration Statement No. 333-206284</B></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Preliminary Pricing Supplement No. 124 - Dated Monday, November
28, 2016 (To: Prospectus dated August 10, 2015)</P>



<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 8%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>CUSIP</B></FONT></TD>
    <TD STYLE="width: 5%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Principal</B></FONT></TD>
    <TD STYLE="width: 8%; padding: 0; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Gross</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Net</B></FONT></TD>
    <TD STYLE="width: 5%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Coupon</B></FONT></TD>
    <TD STYLE="width: 5%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Coupon</B></FONT></TD>
    <TD STYLE="width: 7%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Coupon</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Maturity</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1st
    Coupon</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1st
    Coupon</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Survivor's</B></FONT></TD>
    <TD STYLE="width: 22%; text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Product</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(165,180,201)">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Number</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Amount</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Selling
    Price</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Concession</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Proceeds</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Type</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Rate</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Frequency</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Date</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Date</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Amount</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Option</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Ranking</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: #C70101"><B>02006DLH2</B></FONT></TD>
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">[]</FONT></TD>
    <TD STYLE="padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100.00
    % (1)</FONT></TD>
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1.125 %</FONT></TD>
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">[]</FONT></TD>
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Fixed</FONT></TD>
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3.500 %</FONT></TD>
    <TD STYLE="padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Monthly</FONT></TD>
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">12/15/2019</FONT></TD>
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1/15/2017</FONT></TD>
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">$3.60</FONT></TD>
    <TD STYLE="padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Yes</FONT></TD>
    <TD STYLE="text-align: center; padding: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Senior Unsecured Notes</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: Red"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1pt"><FONT STYLE="font-size: 8pt"><B>Redemption Information:
<FONT STYLE="color: #C70101">Callable at 100% on 12/15/2017 and Monthly thereafter with 30 Calendar Days Notice.</FONT></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 1pt"><FONT STYLE="font-size: 8pt"><SUP>(1)</SUP> <FONT STYLE="font-family: Times New Roman, Times, Serif">Investment
advisers, either registered under the Investment Advisers Act of 1940 or exempt therefrom, purchasing Notes for the account of
their advisory clients may be offered Notes at a 0.4500 % discount to the public offering price.</FONT></FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="background-color: rgb(225,225,225)">
    <TD STYLE="width: 8%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: #C70101"><B>02006DLJ8</B></FONT></TD>
    <TD STYLE="width: 5%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">[]</FONT></TD>
    <TD STYLE="width: 8%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100.00 % (2)</FONT></TD>
    <TD STYLE="width: 7%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1.700 %</FONT></TD>
    <TD STYLE="width: 6%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">[]</FONT></TD>
    <TD STYLE="width: 5%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Fixed</FONT></TD>
    <TD STYLE="width: 5%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4.250 %</FONT></TD>
    <TD STYLE="width: 7%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Monthly</FONT></TD>
    <TD STYLE="width: 7%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">12/15/2021</FONT></TD>
    <TD STYLE="width: 7%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1/15/2017</FONT></TD>
    <TD STYLE="width: 7%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">$4.37</FONT></TD>
    <TD STYLE="width: 6%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Yes</FONT></TD>
    <TD STYLE="width: 22%; padding: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Senior Unsecured
    Notes</FONT></TD></TR>
<TR STYLE="background-color: rgb(225,225,225)">
    <TD COLSPAN="13" STYLE="padding: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1pt"><FONT STYLE="font-size: 8pt"><B>Redemption
Information: <FONT STYLE="color: #C70101">Callable at 100% on 12/15/2017 and Monthly thereafter with 30 Calendar Days Notice.</FONT></B></FONT></P>

</TD></TR>
<TR STYLE="background-color: rgb(225,225,225)">
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: rgb(225,225,225)">
    <TD COLSPAN="13" STYLE="padding: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 1pt"><FONT STYLE="font-size: 8pt"><SUP>(2)
                                        </SUP><FONT STYLE="font-family: Times New Roman, Times, Serif">Investment advisers, either
                                        registered under the Investment Advisers Act of 1940 or exempt therefrom, purchasing Notes
                                        for the account of their advisory clients may be offered Notes at a 0.7500 % discount
                                        to the public offering price.</FONT></FONT></P>

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<TR STYLE="text-align: left; vertical-align: top">
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ally Financial Inc.</FONT></TD>
    <TD STYLE="width: 55%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Offering Date: Monday, November 28, 2016 through Monday, December
5, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Trade Date: Monday, December 5, 2016 @ 12:00 PM ET</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Settle Date: Thursday, December 8, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Minimum Denomination/Increments: $1,000.00/$1,000.00</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Initial trades settle flat and clear SDFS: DTC Book Entry only</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DTC Number 0235 via RBC Dain Rauscher Inc</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Agents: Incapital LLC, Citigroup, RBC Capital Markets, Morgan
Stanley, J.P. Morgan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the maturity date or an interest payment date for any
note is not a business day (as term is defined in prospectus), principal, premium, if any, and interest for that note is paid
on the next business day, and no interest will accrue from, and after, the maturity date or interest payment date.</P>



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    <TD STYLE="width: 25%; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt; color: blue"><FONT STYLE="font-size: 10pt"><B>Ally
Financial Inc.</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt; color: blue"><FONT STYLE="font-size: 10pt"><B>Ally
        Financial Term Notes, Series A</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt; color: blue"><FONT STYLE="font-size: 10pt"><B>Prospectus
        dated August 10, 2015</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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