GARDEN CITY, N.Y. — Chase Auto Finance announced the launch of a new consumer financing program available through Chrysler, Jeep, Dodge and Ram Truck dealers.
Chase's new arrangement with Chrysler to provide retail subvention financing allows participating dealers to provide prime and nearprime customers with low interest rates and other incentives to finance new-vehicle purchases.
"Chase has supported Chrysler Group brands and dealers for more than two decades and is committed to helping its dealers increase sales by providing more affordable financing options to their customers," said Marc Sheinbaum, chief executive officer for Chase Auto Finance. "We are very excited to renew our relationship with the Chrysler Group and expand our services to their dealers and consumers across the country."
Chase currently provides retail and commercial financing to Chrysler, Jeep, Dodge, Ram Truck and Fiat brands across the country. In 2008, at the height of the credit crisis, Chase stepped into joint agreements with several automakers, including Mazda USA, Subaru of America and Chrysler, to provide retail and lease financing for dealers and customers.
Chase Auto Finance currently offers prime to subprime financing, dealer floorplan, commercial banking and treasury services.