Ally Bank is marketing another $1 billion auto loan securitization, its third of the year.

As with Ally’s previous two deals, the collateral for Ally Auto Receivables Trust 2017-3 includes a high proportion of used cars and loans with longer terms, both of which increase risk, according to Moody’s Investors Service. The deal also features fewer “subvented” loans with very low interest rates designed to entice buyers who would otherwise pay in cash.

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