Chrysler Taps Chase for Subvented Financing
GARDEN CITY, N.Y. — Chase Auto Finance revealed Monday the launch of a new consumer financing program providing retail subvention financing options to Chrysler, Jeep, Dodge and Ram Truck dealers across the U.S.
The arrangement with Chrysler gives dealers the ability to “provide prime and near-prime customers with low interest rates and other incentives to finance new-vehicle purchases,” potentially leading to increased sales.
Marc Sheinbaum, Chase Auto Finance chief executive officer, also offered his opinion on the new partnership: “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.
“We are very excited to renew our relationship with the Chrysler Group and expand our services to their dealers and consumers across the country,” he continued.
The company currently provides retail and commercial financing to Chrysler, Jeep, Dodge, Ram Truck and Fiat brands.
Moreover, as a full-service provider, Chase Auto Finance offers prime to subprime financing, dealer floor planning, commercial banking and treasury services.