Chrysler Financial is still Offering Auto Loans
Chrysler Financial
At 789 Chrysler lots across America sit 44,000 potential bargains, cars and trucks that are stuck between shell-shocked dealers and a troubled company that no longer needs their services.
The dealers have just a few weeks to sell the Chrysler’s, Dodges and Jeeps or risk losing thousands of dollars on them, which is creating worry among dealers. GM, which has announced that it will be closing hundreds of dealers, will be buying the cars back from the closed dealerships, something that Chrysler will not be doing. Chrysler LLC has said that they wish to slim down to about 2,400 dealerships.
“They’ve told us that the inventory is our problem,” said Keith Hollern, one of the owners of a Dodge dealer in Windber, Pa. “Want to buy one? We’re having a fire sale.”
Although Chrysler LLC is in bankruptcy at the moment, Chrysler Financial is not.
As stated at chryslerfinancial.com:
“As you may be aware, Chrysler LLC has recently filed for bankruptcy. Chrysler Financial and Chrysler LLC are separate legal entities and Chrysler Financial has not filed for bankruptcy.
Chrysler LLC’s action has no impact on your current finance contract or lease agreement with us. It is important that you continue to make your scheduled payments.”
Chrysler Financial is still offering auto loans
If you already have a car loan with Chrysler Financial continue to make your payments on time, Chrysler LLC’s bankruptcy filling doesn’t release you of your financial obligation.
Some people might be nervous about buying a car from a bankrupt auto company, but you can find good deals and good financing, plus the government is guaranteeing car warranties. One downside is when you need your car serviced; most people will need to travel a bit farther due to the closings.
Chrysler Financial’s website is very intuitive and provides tons of information on buying a car. You can also check for current incentives buy zip code, make and model of car. There are ample cash back incentives, including $2,000 cash back on certain models.
The auto loan rates Chrysler Financial is offering are very competitive as well. In addition to the incentives, Chrysler Financial will loosen its previously tightened credit requirement to now include customers with credit scores in the 620 range.
Giving new loans to people in the 620 range? I'm sure that won't create some problems!
haha, don't think anyone was thinking of the effects of giving credit to bad credit
If we are ever out of this crisis, we will need another one..
Now if everyone will follow the 620 rule we can see how crazy it really gets. Sounds like years of credit repair ahead.
620!!! Come on how about 420 and up.
Now if everyone will follow the 620 rule we can see how crazy it really gets. Sounds like years of credit repair ahead.
620!!! Come on how about 420 and up.