Last Updated: 04/18/2025
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Highlights
Amount Range
$7,500 - $100,000
APR (Variable APR)
4.89% - 5.24%(Verified 06/21/2024)
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Credit Score Range
650 - 850
Loan Term (Months)
48 - 72
Chase Auto Refinance Review
Chase auto refinance is an auto loan refinance offering by Chase Bank, based in New York, NY. Founded in 1877, Chase Bank offers auto refinance loans in 50 states (and Washington, DC).
Key Takeaways
- Fair credit accepted. The credit score needed for Chase Auto Refinance is relatively low. Borrowers with a credit score as low as 650 may qualify for Chase Auto Refinance.
- Refinancing for large loan amounts. You can refinance auto loans of up to $100,000 with Chase Auto Refinance.
- Hard credit pull required. You can't check your rates or see if you prequalify for Chase Auto Refinance without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
- No origination fee. Chase Auto Refinance does not charge an origination fee for processing your loan application.
- Long loan terms. Chase Auto Refinance offers loan terms of up to 72 months. Most auto refinancing loans have a maximum term of 60 months.
Chase auto refinance Pros & Cons
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Chase auto refinance FAQ
How much can you borrow via Chase auto refinance?
Auto refinance loan amounts start at $7,500 and go up to $100,000.
What are the auto loan refinancing rates offered through Chase auto refinance?
Chase auto refinance offers a car loan refinancing product that ranges from 4.89% APR up to 5.24% APR.
What is the maximum loan term you can get with Chase auto refinance?
Chase auto refinance offers auto refinancing with terms ranging from 48 to 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto refinancing loan, the more interest you will pay.
Does Chase auto refinance charge an origination fee on auto refinance loans?
No, Chase auto refinance does not charge a loan origination fee for refinancing a car loan.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount.
Does Chase auto refinance charge a late fee?
Yes, auto refinance loans via Chase auto refinance are subject to late payment penalty fees .
Does Chase auto refinance charge prepayment fees?
No, there is no prepayment penalty.
What do you need to qualify for Chase Auto Refinance?
Applicants with a credit score of at least 650 and up to 850 may be eligible for Chase Auto Refinance. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Chase Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by Chase Auto Refinance.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
- Proof of residence
- U.S. tax identification number
Does Chase Auto Refinance report your account activity to credit bureaus?
Yes, Chase Auto Refinance reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Chase Bank perform a hard credit pull?
Yes, Chase auto refinance 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.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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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 refinance
Message from our editor
What We Love About Chase Auto Refinance
Auto refinancing from Chase offers access to one of the largest banks in the United States, which means customers can handle most of their financial needs with one company. Some individuals will find that Chase has great rates compared to their current auto loans and will appreciate the variety of products available. The process of applying for refinancing is simple and can be easily done online.
What Could Chase Do Better?
Not everyone will get the best rates when refinancing using Chase. There are also a handful of requirements to use their auto refinancing, such as loan amount, age, and mileage of the vehicle. Not everyone will meet those requirements, so Chase won’t be the right option for them.
Chase Backstory
Chase is one of the four largest banks in the United States and holds about 39% of all customer deposits in the country. In addition to refinancing, Chase also offers many other products, such as credit cards, investing services, banking, personal loans, and home loans. It’s a well-known company that most will have knowledge of and many will already be used for reasons other than refinancing.
Chase auto refinance has a three-step system where you check whether you qualify, determine what your savings would be, and then shop around to be certain the company you choose is right for your needs.
The Verdict
Chase could be the right option for some individuals seeking auto loan refinancing, but it’s still important to be aware of all your options. The first step is determining whether refinancing is right for your situation and the second is determining which company gives you a great rate and a convenient system to use for refinancing.
With many requirements by Chase to refinance, some individuals won’t qualify and will not be able to use their services. Others may find that another company has a better rate. The Chase option will fulfill the need of some people, while others are better looking at additional choices on the market.
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