Chase Bank Auto Loans - Credit Criteria

Chase Bank Auto Loans - Credit Criteria

As I mentioned above, Chase Bank loans to A+, A, B and very upper level C tier credit. Customers who can fit with one of those credit tiers, they must have a minimum credit score of 620. Otherwise, it is impossible for them to apply for an auto loan at Chase Bank.

So far as I know, their rate sheet displays three tier levels:
• Tier 1 = 730+ credit scores
• Tier 2 = 700 - 729 credit scores
• Tier 3 = 620 - 699 credit scores
If your credit score places you into the Tier 3 category, it's important to note that they do not like to see much of a slow paying history.
Usually the type of credit they will approve in this tier, are customers with good overall credit, but maybe their score has been dragged down by small medical collection accounts or maybe some of their credit card balances are a little high and that is bringing their score down some.
All in all, they are an auto lender that caters to better credit.

Chase Bank Auto Loan Structures
When a dealer is sending a deal to them, they are looking for the loan to value to be in the 110% range (of a new cars invoice, or a used cars wholesale value) plus:
• Tax, Title, License
• Vehicle extended Warranty
• GAP Insurance
• Credit Life
• Disability Insurance.

How To Get The Best Chase Bank Auto Loan Rates

First
Check your credit report and score to ensure that you will qualify for their tier 1 rates. If you find that your score is a little shy, then pay down some credit card accounts to give your score a boost.

Second
Negotiate a good deal and put 20% or more down. The equity discount that Chase Bank offers is typically the largest discount and will fall in the .50% range.

Third
Provide convincing documents and show them that you are eligible for short term auto loan.

Chase Bank Customer Service and Payoffs for Auto Loans
If you're looking for some quick contact information, you’d better visit its official site and looking for more information in detail.