Great for customers with limited/no credit.Chase also doesnt provide loans for motorcycles, RVs, or vehicles that will be used as taxis or for Uber or Lyft. Commercial vehicles, vehicles older than 10 years, and vehicles with more than 120,000 miles are not eligible. Chase 640-650Īlso Check: How To Pay Off Home Loan Quicker Types Of Chase Auto LoansĬhase offers auto loans for both new and used cars purchased through a dealer within Chases network. Below, well compare Chase auto loans to the loans offered by Bank of America and BMO Harris. They also lend to people with fair credit, though your interest rate will be higher than someone with better credit. While its hard to know whether Chase auto loans are the best choice since they dont disclose their rates, they do offer the highest maximum loan amount, at $600,000. After completing prequalification, Chase can give you an idea of the loan amount for which you qualify and an expected interest rate. This means that your credit score will not be affected just for applying. There is no fee for prequalification or application.Ĭhase does not mention a minimum required credit score, and prequalification does not require a hard credit check. To prequalify, you will need to provide Chase with your name, address, income, and the last four digits of your social security number. Many loan providers have a prequalification stage. The first step to applying for a Chase auto loan is called prequalification. You dont have to have a Chase auto loan to use the platform. This platform is available to any Chase customer with an online account. The M圜ar platform helps you track your maintenance schedule, provides details on your cars value, and checks for recalls to ensure your car is safe.
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