Buying a new car can be an exciting experience. Therefore, when searching for a new vehicle, you want to make sure you have financing available to cover the cost. Many lenders offer auto loans, so you want to find the best for your car loan needs. Chase is a reputable company that provides auto loans at competitive rates.
Chase Auto Loan Terms
With Chase, you can obtain financing for both used and new vehicles. The company offers loans for up to 72 months and up to $100,000. The rate you will receive will largely depend upon your creditworthiness. You will receive a discount for being a Chase customer and for enrolling in automatic payments. Used cars cannot have more than 75,000 miles, and it cannot be more than 5 years older than the current model year.
Chase Auto Loan Rates
You can receive a car loan from Chase that ranges from 48 to 72 months. You will receive the best rates available with Chase. If you are financing a new car, the rates are as low as 2.59%, and with a used car, the rates are as low as 2.89%. If you are a Chase customer, you can receive up to .50% discounts.
Applying for a Chase Auto Loan
You can apply online, or you can apply at a Chase branch. You do not need to have a vehicle picked out before you apply for the loan. The information that you will need to apply for a loan includes your name, social security number, address, date of birth, and phone number. You will also need to provide an email address and the term that you would like. In addition, you will be asked information about your employment and income. The information about your vehicle can be provided later.
Chase is a good choice for your auto loan needs. One of the disadvantages with this company is that it does not offer pre-approval to get a loan. As with any loan, you should look around to ensure that you are getting the best deal. Make sure that you have a good credit score before applying for the loan.