Chase auto loans review December 2018 | finder.com
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Chase auto loans review

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Get the money you need to for a new or used car at low rates, if you qualify.

finder.com’s rating: 3.4 / 5.0

★★★★★

With an easy online application, discounts for existing Chase customers and low interest rates, a Chase auto loan could make it easy for you to purchase your next set of wheels.

What is a Chase auto loan?

Chase offers auto loans that can help you purchasing your next vehicle. Terms range from four to eight years with APR rates as low as 2.59%. However, your creditworthiness will affect the rate you ultimately get.

Product details

Product nameChase auto loan
Interest rateAs low as 2.59%, but varies by creditworthiness
Minimum amount$7,500
Maximum amount$100,000
Minimum loan term48 months
Maximum loan term72 months

Compare more options for online car loans

Rates last updated December 11th, 2018

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Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Term of Loan Requirements
car.Loan.com Car Loans
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
300
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Auto Credit Express Car Loans
Get connected with an auto lender near you, even if you have bad credit.
300
Typically 3 to 6 years
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
LightStream Auto Loans
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Good to excellent credit
Flexible terms
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
RateGenius Auto Loan Refinance
Connect with a network of over 150 lenders to refinance your car loan.
510
Varies
Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
LendingClub Auto Refinancing
Lower your monthly car payments and save on interest through a fast and easy online application process.
Fair or better credit
Minimum of 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
MotoRefi Car Loan Refinancing
A car loan connection service for borrowers looking to refinance.
525
1–6 years
Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
LendingTree Auto Loans
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
Good to excellent credit
Typically 1 to 7 years
Must be a US citizen and 18+ years old. Must have good to excellent credit.

Compare up to 4 providers

What are the benefits of Chase auto loans?

  • Low interest. Depending on your creditworthiness, you could pay less than what you’ll find at other banks.
  • High maximum amount. Chase decides how much you can borrow based on your ability to pay back the loan.
  • Customer discounts. Existing Chase customers can get a 0.25% savings on interest rates.
  • Reputable institution. Chase is one of the largest financial institutions in the country.
  • Highly accessible. Access Chase’s services at more than 5,000 branches in the US.

What to watch out for

Chase offers competitive rates, but the rate you get ultimately depends on the car you’re wanting to buy and your overall creditworthiness. Use Chase’s online Payment Calculator to estimate your monthly payments and total interest over the life of a loan.

The shortest term length for a Chase auto loan 48 months, so interest can add up over four years if you make minimum payments only.

Am I eligible?

How much you ultimately receive for your auto loan depends on your income, your overall creditworthiness and the vehicle you want to buy.

For approval, you must:

  • Be at least 18 years old.
  • Submit proof that you are US citizen or permanent resident.
  • Submit proof of your source of income.

I got a Chase auto loan. Now what?

You got your Chase auto loan and are now ready buy the car you want.

A few things to keep in mind:

  • Set up automatic payments. Avoid late payment fees by arranging automatic withdrawals from a Chase or another bank account.
  • Pay more than the minimum. To avoid excessive interest charges over the life of your auto loan, consider paying more than the amount required each month.

Bottom line

Chase auto loans offer competitive rates and discounts for existing customers looking to finance a car.

But to make sure that you’re not missing out on shorter terms or better rates in your area, compare other car loans.

Frequently asked questions about Chase auto loans

Loan ratings

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★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate loan providers.

Aliyyah Camp

Aliyyah Camp is a publisher for finder.com helping folks compare personal, student, car and business loans. When she's not helping people with their personal finances, you can find her going for runs outdoors.

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2 Responses

  1. Default Gravatar
    LonnyJune 24, 2018

    What would be acceptable for proof of residence with chase auto loan?

    • finder Customer Care
      nikkiangcoJune 24, 2018Staff

      Hi Lonny,

      Thanks for reaching out to us here!

      Potential lenders need to know where you can be found should you cease paying your bills. Utility bills work well for proving your current home address. However, the eligibility requirements solely rely on the lender. You may speak to a Chase Auto Loan representative for more information on this.

      Hope this clarifies.

      Thanks,
      Nikki

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