Chase Opens Location to Serve Dealers with Subprime Customers

Chase Auto Finance, the auto finance business of JPMorgan Chase & Co., has opened a location in Towson, Md., to provide subprime vehicle loans to auto dealers.

Chase Auto Finance is the largest bank purchaser of auto finance contracts within the United States through a nationwide network of 16,000 dealers. It offers retail, lease and balloon loan programs for vehicle buyers.