Chase Auto Loan Review 2023
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Auto loan reviews

New auto purchase loan
Used auto purchase loan
The bottom line:
Best for applicants who are buying from a dealership in the Chase network and want the convenience of applying online before visiting the dealer.
New auto purchase loan review

Not yet rated
Pros
Offers pre-qualification with a soft credit check.
Typically provides a loan approval decision within 2 to 3 hours.
Offers rate discount for Chase Private Clients.
Has more than 12,000 dealer partnerships, with dealers in all 50 states.
The application process is 100% online (with the exception of visiting the dealer to complete the transaction).
Cons
Must purchase your vehicle at a Chase network dealership.
If you change dealerships after completing the loan application, a new application must be submitted.
Does not allow co-signers.
Rate discount available only to Chase Private Clients based on deposit account balances.
Best for applicants who will be purchasing a new car from a Chase network dealer, especially those who qualify for the Chase Private Client rate discount.
Full Review
Chase Auto offers new and used car purchase loans through a network of car dealerships, with dealers in all 50 states. To finance a car through Chase, it must be purchased at one of these dealerships. Chase does not offer auto loan refinancing or private party auto loans.
Chase Auto provides private label financing for many auto manufacturers, including Subaru, Jaguar, Land Rover, McLaren, Maserati, Aston Martin and EV startup Rivian. Here’s how it usually works: The auto manufacturers create their own finance brand that’s funded and serviced through Chase. So, for example, if you purchase a Subaru at a Chase network dealership, your auto loan could be through Subaru Motors Finance – a program in which Chase provides auto financing and loan servicing to Subaru customers.
A car buyer’s experience can be nearly 100% online when working with Chase.
Using Chase’s Auto Preferred site, you can shop online for vehicles at dealerships in the Chase network. Upon finding a car, you’re connected to the dealer who assists with the car-buying process and helps with financing, which may or may not be with Chase. One drawback is that the Auto Preferred program is not available in all areas. Currently about 3,000 dealerships participate nationwide.
Chase does offer auto loan pre-qualification using a soft credit inquiry, which does not affect your credit score. The pre-qualification page on its website states it will provide an idea of the amount you may qualify to borrow, although it isn’t a guaranteed offer.
The Chase auto loan application is 100% online and found on the bank’s website. (If you go into a Chase branch to apply, bankers will direct you to apply online or walk you through the online application.) When completing the online application, you’re required to designate the dealership where you’ll be buying your car. Your approved loan information is then sent to the dealership, where you complete the transaction in person.
You won’t find a list of auto loan rates on the Chase website, but a Chase rates calculator enables you to enter vehicle information, your state, your estimated credit score and loan amount to see estimated rates and payments for several different loan terms.
Chase Auto may be a good fit for those who:
Want to manage their car-buying process online. You can shop online through Chase Auto Preferred dealerships, apply for Chase financing and later manage your loan through Chase’s online banking and mobile app.
Are a Chase Private Client. Those who have qualifying deposit balances to be a Chase Private Client automatically receive a 0.25% percentage point discount on auto loans if they apply at chase.com.
Have credit scores in the good to excellent range. Chase does not share a minimum credit score requirement; however, the Chase rates calculator only allows for the input of credit score ranges of fair to excellent. The calculator’s estimated rates for borrowers with good or excellent credit (a FICO score of 690 and above) are significantly lower than rates for fair credit borrowers.
Chase Auto loans at a glance
Used auto purchase loan review

Not yet rated
Pros
Offers pre-qualification with a soft credit check.
Typically provides a loan approval decision within 2 to 3 hours.
Offers rate discount for Chase Private Clients.
Has more than 12,000 dealer partnerships, with dealers in all 50 states.
The application process is 100% online (with the exception of visiting the dealer to complete the transaction).
Cons
Must purchase your vehicle at a Chase network dealership.
If you change dealerships after completing the loan application, a new application must be submitted.
Does not allow co-signers.
Rate discount available only to Chase Private Clients based on deposit account balances.
Best for applicants who will be purchasing a used car from a Chase network dealer.
More from Chase Auto
With the exception of going to a Chase dealership to finalize the auto loan and pick up a vehicle, Chase offers a fully digital car buying experience — from shopping to financing to later managing the loan. Through the Chase Auto Preferred website, you can shop live inventory at participating Chase dealerships, with the ability to filter by price, model, preferred features and more. You can then apply for financing online, and Chase will send all loan information to your selected dealership.
Chase auto loan customers have access to Chase Online banking and the Chase Mobile app to manage tasks like setting up automatic payments, using payment alerts, paying extra toward the principal or viewing the loan payoff amount. An Auto Account Resource Center has FAQs, videos and other account management tools.
Through a free service called MyCar, anyone with an online Chase account (not necessarily an auto loan) can register their vehicles to track and manage vehicle maintenance. MyCar can also provide an estimated trade-in value for your car. Currently MyCar does not support some popular vehicle brands.
Chase auto loan rates
Credit requirements vary by auto lender, but Chase Auto’s lowest rates are typically available only to borrowers with good or excellent credit (a FICO score of 690 and above). With fair or bad credit you won’t get the lowest interest rates, which means your monthly payment and total interest paid will be more. You can check your credit score before applying for a car loan.
Loan example: According to NerdWallet's auto loan calculator that uses the VantageScore credit model, a borrower with a credit score of 661-780, a $20,000 car loan, repayment term of 48 months, interest rate of 4.5% and $0 down payment would have monthly payments of $457.
To review Chase Auto, NerdWallet sent a survey to Chase requesting more than 60 data points and followed up with company representatives. This information was compared with other lenders that seek the same customer or offer a similar product.
Frequently asked questions
Yes. Chase Auto finances new and used cars through JPMorgan Chase Bank, N.A., which is part of JPMorgan Chase & Co. Based on asset size, Chase is listed by the Federal Reserve as the largest bank in the U.S.
Chase does not offer auto loan refinancing. It does provide lease buyout loans, but only for leases that were originated through a Chase private label financing group.