FCA US and Chrysler Capital: Partnering to sell and finance incremental vehicles

In April, FCA US introduced a bonus cash program to help dealers sell incremental vehicles and Chrysler Capital is here to provide the financing. Are you taking advantage of the additional $1,000 – $1,500 available on over 30 models for customers with qualifying FICOs below 620?

Did you know that FCA US sells a greater portion of vehicles to credit-challenged customers than the other three largest manufacturers? In fact, YTD through March for retail loans financed, 12.1 percent of all FCA US vehicles financed on retail loans are to consumers with FICOs less than 620.

Chrysler Capital has financed 35.5 percent of those sub-620 FICO loans YTD, and in doing so, we continue to assist many dealers in attaining their Volume Growth Program Goals.

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Additionally, Chrysler Capital offers competitive financing on these qualifying customers, especially when that extra bonus cash assists in lowering the amount financed, while allowing the dealership additional profit opportunities. Year to date, Chrysler Capital averages on sub-620 new FCA US funded contracts include:

  • *Average LTV: 87 percent
  • * Average net rate: 14.5 percent
  • * Average term: 73.3 months
  • * Average FICO: 549
  • * Average participation: $1,012