Chase, Subaru Extend Captive Lender Agreement
Chase Auto Finance renews its relationship with Subaru of America and will be the automaker’s captive finance company for another five years.
GARDEN CITY, N.Y. — Chase Auto Finance will continue to operate as Subaru Motor Finance (SMF) for another five years, after renewing its captive finance deal with Subaru of America.
“Subaru of America is pleased to announce the extension of our joint financing relationship named Subaru Motors Finance, which services the wholesale, retail and lease financing needs of our dealers and customers,” said Thomas J. Doll, executive vice president and chief operating officer of Subaru of America Inc. “This is the third extension of our contract, which speaks to the strong relationship we have with Chase.”
Chase Auto Finance has been the captive lender for Subaru for more than 10 years through the SMF brand, offering leasing, retail and floorplan financing to Subaru’s more than 500 U.S. dealers..
“We are proud to have served Subaru and its retail organization for more than a decade and look forward to continuing our strong relationship over the next five years,” said Marc Sheinbaum, chief executive officer for Chase Auto Finance. “Subaru dealers nationwide will continue to benefit from our products, services and the expertise of our dedicated SMF team.”
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