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Chase Auto Finance Expands Nonprime Services

August 17, 2006

Garden City, N.Y.—Chase Auto Finance has opened 10 new regional prime/nonprime business centers and said it’s planning to open eight more by the end of 2007, according to AutoRemarketing.com. After merging with Bank One in 2004, Chase focused on expanding services within the subprime auto lending market.

Bill Jensen, national subprime executive for Chase Auto Finance noted that the company is also increasing the number of underwriters and sales personnel in its existing offices to provide better service to dealers.

Jensen also said the primary goal of the expansion is to have the ability to offer any level of credit service that dealers need, including highprime, nearprime and subprime, in addition to floor planning and real-estate investment.

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