Financial Wellness

Helpful articles on topics related to personal financial health and well-being

How cancellations are processed for ancillary products

Ancillary products are optional vehicle protection, service agreement plan and insurance products that are typically purchased when a vehicle is sold or leased and are in addition to the cost of the vehicle. Common ancillary products include: Credit life and disability – A type of insurance, abbreviated as CLAH, that pays off your loan balance if you die or are disabled. Extended service contract – … Read More

Financial health begins with these tips, tools and resources

Every month is a financial literacy month for customers of Chrysler Capital – April is just when everyone else takes part. Marking the official Financial Literacy Month in April, we will continue our ongoing focus on providing all vehicle shoppers, owners and lessees useful, finance-related content in our Learning Center and on our blog site. And it doesn’t matter whether you are a Chrysler Capital … Read More

How to optimize your tax refund when you buy or lease a car

Tax season is here – a time when many people receive the boost of a refund, greater financial freedom and start thinking about new opportunities ahead.1 Last year’s tax refund averaged about $2,8002 and, whether you’re planning the return of fair-weather road trips in a new vehicle or would like to pay off an existing ride, there are great ways to put that kind of … Read More

How to achieve the goal of buying a car

What are your plans for the year ahead? As ideas are formed and goals set, you may picture yourself moving forward in a shiny new vehicle. An effective way of turning that vision into reality is to work out the steps you must take to get there. We’ve put together five key stages to make that process easier. 1. Understand your financial situation Review your … Read More

What happens when you trade in your vehicle?

You found the vehicle of your dreams and the dealership offered you what you believe is a fair amount for your trade. So, now what? If you own your trade-in vehicle outright (you’ve completed any loan or lease commitment that you may have had), it is important that you have your title with you when you go to the dealership. Then, you can sign it … Read More

Why paying on time is important

Paying your bills on time can be a balancing act, but making timely payments is important for a variety of reasons. When you obtain an auto loan or lease, you enjoy the benefits of having money to spend or a vehicle to drive when you need it. The creditor, in return, expects you to repay that money according to the terms of the agreement. If … Read More

What is credit monitoring and what can it do for you?

As a whole, Americans seemed to become more aware of their credit activity during the height of COVID-19. According to Experian.com, credit card debt in America, collectively, reached a record high. But during 2020 and the beginning of 2021, consumers paid off billions of credit card debt and, together, reduced it by 9 percent – the lowest since 2017. However, as the “return to normalcy” … Read More

How a simple interest contract works

At Chrysler Capital, we like to make life simple, and when you purchase a vehicle, it comes with a simple interest contract. Understanding how simple interest works can help you to stay on course with your payments, and even save, so watch this short video and read on to discover how.   Principal and interest Two important parts of a simple interest contract are principal … Read More