Chase Auto Reports ‘Stable’ Volume Growth as Losses Dip in 4Q

While other banks have been pulling back in auto, JPMorgan Chase & Co. has held firm and experienced growth in outstandings and originations, while delinquencies and charge-offs decreased. Chase Auto Finance grew originations 2.4% to $8.2 billion in the fourth quarter as compared the same time a year prior, according to the bank’s earnings report. The bank’s […]
  • Matthew Wood
  • January 16, 2018
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Chase Auto Direct Spreads Nationwide, Adds New Features

Chase Auto Finance expanded its Chase Auto Direct platform out of pilot mode and into all 50 states, the company announced in late December. The expansion also allows co-signers to apply and opens the platform to customers who aren’t already banking with Chase. Chase Auto Direct, which launched in August 2016, allows consumers to shop […]
  • Natalie Mattila
  • January 3, 2018
  • 1

Auto Finance Continues Migrating to Mobile, Chase Research Finds

Nearly half of Americans are comfortable completing vehicle purchases online, and one in five car buyers have already secured financing online, according to new research from Chase Auto Finance. However, more than half of Americans — 53% — remain uncomfortable with online vehicle purchases because 76% of those Americans wish to test drive the vehicle […]
  • Natalie Mattila
  • December 6, 2017
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Chase Auto Direct to Expand to Non-Bank Customers, Add More States

SAN DIEGO — Chase Auto Finance is on a “journey” to expand its Chase Auto Direct platform to non-Chase customers, said Peter Gasparro, the bank’s head of strategy and business development. “We are still on a journey of iterating,” he told attendees at Auto Finance Innovation 2017 last week. “We have some new tools [to launch], […]
  • Natalie Mattila
  • May 26, 2017
  • 1

Bank of America Competes With Chase Auto for Online Direct Space

Bank of America recognizes that it’s not the first to offer a direct auto lending portal for consumers via an app and website — the bank launched a new pilot program last week — but David Doyle, the company’s consumer bank product and pricing executive, said the lack of a third party intermediary is a big advantage. […]
  • William Hoffman
  • April 11, 2017
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Watch How Chase Originates Auto Loans Online [Video]

With so many apps and online portals for financing vehicles in the marketplace, it can be hard to know what distinguishes them all and how they even work — without actually buying a car or hurting your credit score. Chase Auto Finance wants to help consumers understand its latest platform — Chase Auto Direct. To that […]
  • William Hoffman
  • March 1, 2017
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Syncing Paths: Where Traditional and Online Lending Meet

Not many companies offer a direct-to consumer product. You wouldn’t go to Crest store to get your toothpaste, a Yoplait store to get your yogurt, and a separate Kleenex store to get your tissues. No, you’d go to a grocery or convenience store and get all of those things in one place. For the majority […]
  • William Hoffman
  • February 14, 2017
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Top 10 Tech Stories That Shook Auto Finance in 2016

Online marketplaces are widely viewed as a new frontier for auto finance, and 2016 saw a slew of new and long-time players entering the direct and indirect digital lending space. JPMorgan Chase announced it is offering a new online portal for its direct auto lending practices that will streamline the process via the dealer. The […]
  • William Hoffman
  • January 2, 2017
  • 0

Chase Debuts Digital Car-Buying Service

Chase launched a new fintech offering, Chase Auto Direct, to allow customers to shop for a vehicle and secure financing through the Chase.com website or app, the company announced yesterday. Consumers can then close the deal at one of Chase’s network of 14,000 dealerships. “When the customer goes online and they are at a point […]
  • Natalie Mattila
  • August 26, 2016
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