Whether you’re a first-time or experienced car buyer, Chase can help you make informed decisions on financing or refinancingFootnote (Opens Overlay) your car loan. Here are some answers to frequently asked questions:
Typically, approvals are valid for 30 days from the date of approval.
You have two convenient options to close your loan:
At a Chase branch: We’ll locate a Chase branch near you and set up an appointment for you to meet with a personal banker to close your loan.
By mail: We’ll send all necessary loan closing documents to you overnight via UPS. The package will include easy-to-follow instructions and a toll-free number that you can use to call us if you have any questions. To expedite the processing of your loan, we’ll include a postage-paid overnight return envelope for you to send the completed documents back to us.
First, you close your loan at a Chase branch or by mail. Then, once we receive your completed documents, we'll rush you a check through overnight mail. Typically, the Chase check will be made payable to both you and the auto seller. Once you both endorse the check, you'll give it to the seller and then drive away with your car. If you are refinancing your existing auto loan, we will send the payoff check directly to your financial institution.
Your monthly payment depends on a variety of factors, including the amount borrowed, the term or length of the loan and the interest rate. Our Auto Loan Payment Calculator can help you estimate your monthly payment, based on these factors.
You can schedule a one-time payment or set up a recurring payment through a transfer from any checking or savings account. Here's how: