Last Updated: 04/18/2025
SuperMoney User Recommendation Score -58
Strongly not recommended52 total votes
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Highlights
Community Rating
Strongly not recommended
Amount Range
$4,000 - $600,000
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APR (Fixed APR)
2.99% - 24.99%(Verified 06/21/2024)
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Credit Score Range
650 - 850
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Loan Term (Months)
Up to 72
Number of Reviews
Chase Auto Finance Review
Chase Auto Finance is offered by Chase Bank, a bank founded in 1877 and based in New York, NY. Chase Auto finance are available in 50 states and Washington, DC.
Chase Auto finance FAQ
How much can you borrow via Chase Auto finance?
Chase Auto finance loan amounts start at $4,000 and go up to $600,000.
What APR does Chase Auto finance offer on its car loans?
Chase Auto finance offers a fixed apr car loan product that ranges from 2.99% APR up to 24.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum auto loan term you can get with Chase Auto finance?
Chase Auto finance has car loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.
Does Chase Auto finance charge an origination fee?
Yes, Chase Auto finance may charge a loan origination fee .
Does Chase Auto finance charge a late fee?
Yes, Chase Auto finance charges borrowers with a late payment penatly fee
Does Chase Auto finance charge prepayment fees?
Yes, Chase Auto finance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my Chase Auto finance loan?
Yes, you can. However, Chase Auto finance charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.
What do you need to qualify for Chase Auto Finance?
Applicants with a credit score of at least 650 and up to 850 may be eligible for Chase Auto Finance. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Chase Auto Finance does not have or does not disclose a minimum annual income eligibility requirement.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via Chase Auto finance?
Chase Auto finance will typically fund the car loan within 7 business days of approval.Does Chase Bank perform a hard credit pull?
Yes, Chase Auto finance performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is Chase Bank a legit company?
Chase Bank was founded in 1877, it is a well-established company that has been in business for 149 years. Chase Auto Finance is strongly not recommended by SuperMoney community users.
Chase Auto Finance Disclosure: "Annual Percentage Rates (APR) shown are determined based on the selected dealer state and an estimated loan-to-value ratio of 100%. Loan details are estimates, based on the information you provided, and Chase does not guarantee the results or your ability to receive these terms."
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Chase Auto finance
Message from our editor
What We Love About Chase Auto Loans
Chase offers competitive interest rates on auto loans and has a low bar for eligibility. Consumers can get a loan with a fair credit score or higher, and there are no public income requirements listed. Chase doesn’t require an application fee and, in most states, has no origination fee. As with several other auto lenders, it doesn’t have a prepayment fee for those who choose to pay the loan off early.
What Could Chase Do Better?
Not everyone will qualify for Chase’s auto loans. The car in question needs to be no older than five years old and have no more than 75,000 miles on the odometer. The vehicle cannot have been declared a total loss by an insurance company or sold for scrap. The loans also do not apply to those using the vehicle for commercial purposes, including rideshare services. Those with poor credit will also likely not qualify for this particular loan.
Chase Backstory
Chase has a long backstory that goes back to 1877 when John Thompson created chase National Bank. The bank has since gone through many mergers and acquisitions. There are more than 5,100 branches in the United States, and the bank operates in at least 100 countries. As the largest bank in the U.S. in terms of total assets, it can leverage extremely competitive auto loan rates.
The Verdict
For many people with fair or better credit, Chase offers auto loans that might be useful. There’s no need to visit a dealership to get a loan, and you may receive better rates. The lender also offers a car buying service to help you find the vehicle you are searching for. Chase’s application process is simple and straightforward. It can be done entirely online.
Keep in mind that Chase has eligibility criteria for vehicles, and consumers need to have a certain credit score to qualify. Also, applying for a loan creates a hard credit pull, which can negatively affect your credit score.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 1:00PM