You asked … we listened!
Two specific areas you have asked us to re-evaluate are the 84-month program and our maximum participation. So we did. Here is what we came up with:
84-month programs
Chrysler Capital continues to grow our 84-month financing programs for both subvented APR and standard-rate business. For special APRs offered in conjunction with our partner, FCA US LLC, Chrysler Capital has funded over 2,100 loans in the last six weeks, of which 54 percent had 84-month terms.
Our standard 84-month program, with rates as low as 3.89% APR, was also expanded in September with the addition of four new vehicle models.* The complete list of eligible vehicles includes:
- 2017 Chrysler Pacifica
- 2017 Dodge Durango
- 2017 Jeep® Grand Cherokee
- 2017 Jeep Wrangler and Wrangler Unlimited
- 2017 Ram 2500
*Note: 2017 Ram 1500 and 2017 Jeep Cherokee were removed due to the available, competing 84-month incentivized rate.
Eligibility rules:
- Must finance through Chrysler Capital
- Qualify for standard rate
- Retail transactions only
- Select new vehicles only
- Thin files will not qualify
- FICO > 700
- Up to 120% advance; max LTV varies by tier
- Dealer must request 84-month term when submitting application
- Max participation of 1.50%, not to exceed $2,500 OR standard flat of $300
- Commercial transactions are not eligible
When initiating request for 84-month term:
- Application must be submitted with 84-month term at standard rate to receive automated 84-month approval
- Requested vehicle must be eligible for 84-month program
Max participation increasing
Effective September 25, 2017, Chrysler Capital is excited to announce the enhancement of our allowable participation limits.
Chrysler Capital is committed to driving the success of our dealers. As a result, we have made changes to our participation program, increasing the maximum participation and increasing your opportunities to grow your business!
Below are the new maximum participation limits. Please check your callback for details.
*Maximum participation payout amount of $2,500. Not every term or transaction type qualifies for the maximum allowable participation. Consideration is also given to credit quality and deal structure. Please check your callback for eligibility details.
As a reminder, fair and equal treatment must be provided to all individuals requesting financing. Chrysler Capital and our dealers are prohibited from discriminating on any aspect of the credit transaction on a prohibited basis.
Contact your Dealer Relationship Manager with questions and feedback regarding this change.