Chase Auto Refinance Review

Chase Auto Refinance is an auto loan refinance offering by Chase Bank, a bank based in New York, NY. Founded in 1877, Chase Bank offers auto refinance loans in 50 states (and Washington, DC).

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 variable APR auto 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 an auto 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 are 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. Chase Auto Refinance only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Chase Auto Refinance. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit
• Proof of residence

What is the maximum mileage to refinance with Chase Bank?

Chase Bank is an option for high-mileage vehicles. They will consider auto loan applications for vehicles with up to 120000 miles on the odometer.

What is the maximum car age to refinance with Chase Bank?

Only vehicles that are 10 years old or less can qualify for an auto refinance.

Does Chase Auto Refinance report your account activity to credit bureaus?

Chase Auto Refinance reports your account activity to the following credit reporting agencies:

• 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 can help improve your credit score.