Getting a car loan can be a bit tricky, even when you have a good credit score. However, there are many loan-offering financial companies that claim to offer auto loans without any hassle for the borrower. Chrysler Capital is one of those companies that offer you auto loans at low-interest rates. However, we could not find many good reviews regarding the company’s offerings.
In this article, we will give you details about Chrysler Capital Auto Loans and the various essential aspects related to the loans they offer. Apart from that, we will also get you more details about the eligibility requirements for availing auto loans from Chrysler Capital. Hence, to get fully informed about Chrysler Capital’s auto loan details, read on through to the end of the article.
Chrysler Capital Auto Loans: A General Overview
One of your most expensive investments is buying or leasing a new car. Hence, most people, in this case, turn to new loans. This helps them make the process easier for their finances. If you are looking to buy an auto from Chrysler, you can look for loans from Chrysler Capital. Chrysler offers financial services, which streamlines the purchase of cars.
According to the official of Chrysler Capital,
“The advantages of auto financing for first-time buyers go beyond getting your own set of wheels. Making timely payments on an installment contract will help you build credit for the future and strengthen your position for your next vehicle purchase.”
Factors To Consider If You Are Looking For Auto Loans At Chrysler Capitals
If you are a first-time buyer of cars, here are a few things you need to consider if you want loans from Chrysler Capital:
1. Firstly, you will need to decide whether you can afford the car or not. In most cases, a person who is looking for auto loans, the individual would be purchasing a new car for the first time. In that case, you can go to the Chrysler Capital website and use the financial calculator to plan your finances and spending.
2. Before you complete your loan application, check whether you prequalify for the loan or not. As a result, you will be able to get an idea of whether your loan will be approved or not. Furthermore, you will also have a good idea of the major financing terms you will come across. Also, you will learn your rates and payments.
3. You must also save for your down payment, as this is a major requirement in many cases. Hence, you must save for a solid payment initially also. How much you offer initially impacts a lot of the credit risk related to your application.
4. After you find out what you can afford, it will be easier to shop for what vehicles suit you. Here, you can choose the models from the brand that Chrysler Capital offers.5. Once you move on with the financial application, you can also consider teaming up with another applicant who is credit-worthy. This will help you in getting your application approved faster and increase your opportunity to receive the loan.
Chrysler Capital Finance – What Do They Offer?
Chrysler Capital basically comes with various financing options for people who want to buy a car and also for people who want to buy a Chrysler vehicle. Whether you buy a new car or a used car, you can get a loan anyway. However, the interest rates and eligibility of the loan might vary depending on your credit scores and the loan amount.
However, if you want to borrow auto loans from this company, you need to show a verifiable income if you want to get a low interest rate for your loan amount. Financing terms from Chrysler can go up to 84 months, based on your purchase and down payment ability.
Chrysler Capital Interest Rates And Loan Offering Details
The following are the major details that you need to know if you want to borrow auto loans from this company:
| Loan Aspects | What Chrysler Capital Offers You? |
| Loan Amount | Up-front payments ranging from $1,000 – $200,000 |
| Loan Tenure | 12 months to 84 months |
| Rate of Interest on Loans | 0% to 3.9% |
| Starting APR | Starting from 0.00% (for people with good credit scores) to 30.0% |
| Loan Review Time | Depends on the type of loan |
| Down Payment | Up to 2% |
| Chrysler Capital Pre-Approval Link | Pre-Approval Link |
| Late Payment Of The Loan | There is a late fee, but the amount depends on the type of loan |
| Loan Repayment | 36 months (extending up to 84 months – for large purchases and taking the down payment option as well) |
| Chrysler Capital Refinance | After you take a loan from Chrysler Capital, you will not be able to refinance it. |
Chrysler Financial Loan Eligibility
It is really easy to get an auto loan from Chrysler Capital. However, there are certain eligibility criteria that you need to fulfill to get an Auto loan for yourself. The major eligibility criteria and the required documents are mentioned in the table below:
| Loan Requirements | Eligibility |
| Age Of The Borrower | Minimum 18 years old, or the state minimum |
| Chrysler Credit Score | Depends on the type of loan. (Mostly, it ranges between 640 to 850) |
| Associated Credit Bureaus | Chrysler Capital reports the activity of your account to the following agencies:- Equifax- Experian- Transunion |
| Employment Required? | Yes. One needs to be employed or must have a fixed monthly earning to be eligible for Chrysler Capital Auto Loans. |
| Co-Borrower Allowed | Yes. Co-borrowers can be added to meet eligibility requirements and also lower interest rates. |
| Work Experience | Not required. |
| Required Documents | – Recent pay stubs- Proof of income- Driver’s license- Government-issued photo I.D.- Proof of identity- Proof of citizenship or residence permit- U.S. tax identification number |
Chrysler Capital Auto Loan – Customer Care Details
Here are the customer service details for you if you want to contact Chrysler Capital:
| Chrysler Customer Service Number | 855-563-5635 |
| Chrysler Business Hours | – Monday through Friday (7 a.m. to 9 p.m. – C.T.)- Saturday (7 a.m. to 5 p.m. – C.T.) |
| Chrysler Main Address | P.O. Box 961275, Fort Worth, TX 76161, USA. |
| Chrysler Payment Address | – Retail: P.O. Box 660335, Dallas, TX 75266-0335. – Lease: P.O. Box 660647, Dallas, TX 75266-0647. |
| Chrysler Chat Option | Login to your ‘My Account’ section, and you will have the chat option available in the window. |
Chrysler Capital Auto Loan – Customer Reviews
The following are some of the customer reviews about Chrysler Auto Loans that might be helpful to you:
Steve of Aurora, CO
“A company that is just as bad as payday loan companies. Do not ever get your vehicle financed through them. You will regret it. Their interest rates are the highest in the industry regardless of credit score. They aren’t very user friendly when it comes to making payments either.”
Beatriz of Irvington, NY
“This company is a scam. Bad reviews, high interest rate and ruin my credit. I called trying to have an explanation about my credit but no one helping me horrible company stilling your money. Chrysler Capital I’m not even sure if this is the name of the company.”
Gail of Lannon, WI
“Never had an issue. I get an email letting me know when my payment is due and a statement every month. Was easy to get the loan and have 0% interest. I’m never harassed or bothered by any sales or marketing people.”
Reeti of Sterling Heights, MI
“10-11 attempt to resolve a problem one of the agent made, can’t even get a hold of the executive team they put me on hold for 30 min just to hang up on me. Because of their mistake it costing me over 80 points on credit score, it’s unreal how they treat their customers and I been using them over 7-8 years for multiple vehicles. Never again.”
Summing Up
Hope this article was helpful for you to get a better idea of Chrysler Capital Auto Loans and the various essential aspects related to their loan borrowings. If you want to apply for an auto loan with this company, we recommend you visit their official website. Once you mention the amount and the necessary details, you will get detailed info about the interest, term, repayment value, and more. However, most of the customer reviews regarding Chrysler Capital’s loan offerings are not good enough. Share with us your own reviews about Chrysler Capital Auto Loans in the comments section below.
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