NEW YORK -- (BUSINESS WIRE) -- Chase Auto Finance, a division of J.P. Morgan Chase, today announced the renewal of their private label auto finance agreement with Jaguar Land Rover North America for an additional five years. Demonstrating a strong business relationship, the new agreement was reached nearly a year before the initial agreement was scheduled to end.
“Chase is proud to continue its strong, long-term relationship with Jaguar Land Rover North America,” said Marc Sheinbaum, Chief Executive Officer for Chase Auto Finance. “This new agreement provides Jaguar Land Rover dealers nationwide a stable, consistent source of funding, products and servicing from Chase for another five years as they continue to grow their business.”
Andy Goss, President, Jaguar Land Rover North America, added, “As Jaguar Land Rover retailers in the United States grow their business, we are pleased to have Chase Auto Finance be a key part of our team providing financial services for both customers and retailers.”
Chase Auto Finance has been the private label for Jaguar Land Rover North America for four years, financing more than 120,000 Jaguar and Land Rover customers. An exclusive team at Jaguar Land Rover manages the full spectrum of retail, lease and floorplan finance needs with a variety of customized product offerings for more than 300 Jaguar Land Rover dealers nationwide.
As a full-service provider, Chase Auto Finance offers prime to sub-prime financing, leasing, dealer floorplan, commercial banking, and treasury services.
About Chase Auto Finance
Chase Auto Finance, a division of J.P. Morgan Chase (JPMC), is one of the leading bank providers of auto financing in the country. With a portfolio of more than $50 billion in assets and relationships with more than 75 percent of all U.S. franchised automotive dealers, Chase Auto Finance provides a broad spectrum of products to meet the full range of credit needs of their customers. Chase Auto Finance purchases auto loans and leases from a national network of automotive dealers as well as making auto loans directly to consumers through various Chase channels. In addition, Chase Auto Finance provides commercial loans to auto dealers throughout the U.S. and maintains a reputation for delivering high-quality services as well as a long-term commitment to auto dealers and the overall auto industry. More information can be found at www.chaseautofinance.com or www.chasedealer.com.