1. Pre-Approval:
Before you start shopping for a car, you can get pre-approved for an auto loan from Chase. This gives you a better understanding of your budget and the interest rate you may qualify for. To apply for pre-approval, you can visit a Chase branch, call their auto loan department, or apply online.
2. Car Shopping:
Once pre-approved, you can start shopping for the car you want. Chase offers auto loan financing for both new and used cars, and you can use the funds from the loan at any dealership.
3. Dealership Financing:
When you find the car you want to purchase, you can finalize the financing process at the dealership. You'll need to provide the dealership with your pre-approval information and sign the necessary loan documents.
4. Loan Terms and Repayment:
Chase Auto Finance offers various loan terms, typically ranging from 24 to 84 months. The interest rate on your loan will be determined based on your credit history and other factors. You can make monthly loan payments through Chase's online banking or by setting up automatic payments.
5. Online Account Management:
After your loan is approved, you can manage your auto loan account online through Chase's website or mobile app. You can view your loan details, make payments, and check your payment history.
6. Additional Services:
In addition to auto loans, Chase Auto Finance also offers other services related to car ownership and financing, including:
- Car insurance: Chase partners with insurance companies to offer competitive car insurance options.
- GAP insurance: GAP (Guaranteed Asset Protection) insurance helps cover the difference between your car's actual cash value and the loan amount if your car is totaled or stolen.
- Vehicle service contracts: Chase offers extended warranties or vehicle service contracts to help cover the cost of unexpected repairs.
- Online tools and resources: Chase provides various tools and resources, such as a car payment calculator and guides on financing and managing a car loan.
It's worth noting that Chase Auto Finance is just one of many options for financing a car, and you may want to compare interest rates and terms offered by other banks, credit unions, and online lenders before making a decision.
