Auto Finance

At Chrysler Capital Blog: The Road Best Traveled, we endeavor to provide easy-to-understand auto finance information and advice.

How to get out of upside-down auto financing

Being upside down on your auto financing, when you owe more than your vehicle is worth, can come as a surprise. Perhaps it was too small of a down payment when you bought the car, too long of a financing contract, or choosing a vehicle you really couldn’t afford. However the situation arose, here’s some better news – there are several ways to reach positive … Read More

How a co-applicant may help you get auto financing

Financing a vehicle is not a road you must travel alone. If you need help getting approved, or would like to improve the terms offered, applying with a co-applicant may be your answer. Learn more about what it means to team up with another party and its potential benefits, below. What is a co-applicant? A co-applicant is someone who is typically part of an application … Read More

Tips for a Back-to-School Car Purchase

Amidst the COVID-19 pandemic, many families have been making decisions about back-to-school season and virtual learning vs. in-person classes. For those choosing in-person attendance, another decision may involve buying a car for the journeys ahead. Whether you’re a parent shopping for your son or daughter or part of a purchase for yourself, here are some tips to help. Start with a budget Working out what … Read More

CHRYSLER CAPITAL TEST DRIVE: 2020 JEEP® WRANGLER UNLIMITED

During the month of July, Chrysler Capital has some exciting offers and incentives on some of the newest Jeep® brand vehicles, including the 2020 Jeep Wrangler and Wrangler Unlimited. Additionally, customers can go from start to finish on buying or leasing FCA US brand vehicles through the Drive Forward initiative. Jeep brand vehicles have been no stranger to our Chrysler Capital Test Drives journeys. On one … Read More

Auto financing for first-time buyers

If you’re looking for financing as a first-time car buyer, then you’ve likely got questions. Questions such as: How easy is it to get credit for your first vehicle? Can you get funding with no credit experience? What are the options? Don’t worry. At Chrysler Capital, we understand this is an important step in life and we have financing opportunities to help. What’s more, our … Read More

A Chrysler Capital customer recaps his “friendly, safe” dealership experience

FCA US dealerships around the country, as well as we at Chrysler Capital, have searched for ways to make the car-buying experience quicker and safer for customers amid the COVID-19 pandemic. Though times have certainly changed in 2020, the need for a reliable vehicle remains, and buyers and lessees still require the proper resources to find the vehicle they want. For Brent, a customer in … Read More

WHAT IS A DISPOSITION FEE ON A LEASE CONTRACT?

In a previous post on how auto leasing works, one of our “Terms to Know” was Disposition Fee. It was defined as: “Charged by some lessors for the privilege of returning the vehicle and walking away; the cost is spelled out in the lease contract, so you will know up front how much it will be.” Simply put, the disposition fee is charged by the lessor … Read More

How to trade in a car with negative equity

When you owe more than your vehicle is worth but still intend to trade in – and plenty of people do – then planning your next steps will help you to get the most out of the deal.* Learn how you can approach it, below. Rolling over your negative equity In this situation, it’s common for negative equity to be rolled into financing for the … Read More

What is a lien on a car?

If you’re approved for financing to purchase a vehicle, then you’ll probably encounter the term “lien.” The chances you’ll know what it means may not be so great, however. A lien on a car is like a safeguard for the lender or other interested party. When you take out the financing, a lien is created, which is the lender’s legal right to possession of the … Read More

WHAT CAR BUYERS CAN DO WITH LITTLE TO NO CREDIT

For those with little to no credit, there is still opportunity to purchase a vehicle.     Though low credit scores aren’t the most ideal, they don’t tell the entire story for a consumer, and Chrysler Capital works diligently to provide full-spectrum auto financing options. “Chrysler Capital does have buying power for first-time buyers for some of the subprime applicants that are out there,” says … Read More