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

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Chase auto loans can provide you with the money you need to get a new or used car at low rates, if you qualify.

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

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Rates last updated June 22nd, 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 Minimum 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 at least 18 years old, 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 at least 18 years old and a current resident of the US or Canada. Must be employed full-time or have guaranteed fixed income of at least $1,500/month.
myAutoloan.com Car Loans
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.
550
24 to 84 months
Must be at least 18+ years old; have a Social Security number; make $24,000+/year; have no open bankruptcies.
LendingClub Auto Refinancing
Lower your monthly car payments and save on interest through a fast and easy online application process.
Fair or poor 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.
LendingTree Auto Loans
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
670
Typically 1 to 7 years
Must be a US citizen and 18+ years old. Must have good to excellent credit.
Capital One Auto Financing
You could qualify for a car loan of up to 40000, but not all dealers accept this bank's financing.
Good to excellent credit
36 to 72 months
At least 18 years old, have a valid street address, have existing Capital One accounts in good standing. Car must be a 2006 model or newer with less than 120,000 miles.
Wells Fargo Auto Loans
Auto loans with high loan amounts to cover your car purchase or refinancing needs.
Good to excellent credit
1 to 6 years
Your income and assets must support your existing debt obligations and the desired loan amount.

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

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