Financial Wellness

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

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, 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