Through Chase auto finance services, people get a chance to borrow the money they need to buy vehicles of various types. They then repay the loans hence obtained to buy the vehicles slowly over time (in small manageable installments), while at the same time continuing to use the vehicles. This is viewed as a better option than saving up for the vehicles, because the latter option would mean foregoing the usage of the vehicle until one has enough money to buy it. Yet, as we all know, life is always ticking away.
The 3 main Chase Auto finance Products
New car loan: this is a product meant for folks who wish to acquire brand new cars, but who may not have the funds to pay for the brand new cars in cash. The product is also used by folks who have the funds to pay for the brand new cars they fancy in cash, but who nonetheless don’t want to mess up with their cash-flows. Chase bank gives all people interested in its new car loans the chance to make full applications online. The process is meant to be fast and easy. Chase bank’s interest rates for new car loans are highly competitive, credit decision are made fast, and clients get the chance to close their loans by mail, or by visiting Chase bank’s many branches.
Used car loan: this is a product meant for people who are keen on acquiring pre-owned cars, and who may not have the funds to pay for such pre-owned cars in cash. We know that the nature of the car market is such that some pre-owned cars actually end up being costlier than some brand new cars! The arrangement here is one where the funds obtained from Chase bank via this product can either be used to pay for the pre-owned cars in dealerships, or from individual sellers. The interest rates are competitive, and the process is fast (the idea being to ensure that clients don’t miss out on deals as their loan applications are processed).
Car refinance loan: this is a product meant for folks who may be struggling with their car loan repayment installments, and who may be keen on lowering them by, say, extending the repayment periods. Chase Bank’s interest rates remain competitive, meaning that folks who opt to refinance their car loans with Chase bank end up getting rather good deals.