Short Answer: Chrysler Capital finance decisions are made on an individual basis. During the application process, you will be required to provide personal information, including your Social Security number, and employment information like your annual income and how long you’ve been employed at your current workplace. Chrysler Capital representatives would not provide credit score requirements but said the company uses a custom scorecard to evaluate your creditworthiness that factors in more than just your credit score. For more on Chrysler Capital financing requirements, see below.
Chrysler Capital Financing Requirements
You can apply for Chrysler Capital financing online and, if approved, receive an offer immediately. During the finance application process, Chrysler Capital will request:
- Personal information like your name, phone number, address, email address, birth date, and Social Security number
- Financial information like your annual income, where you are employed, how long you’ve been employed there, your monthly rent or mortgage expense, and how long you’ve lived at your current residence
Chrysler Capital requires a “hard” pull of your credit. Chrysler Capital customer service representatives would not disclose credit score requirements but did say that your credit score alone won’t dictate which credit tier you fall in. (For more on credit tiers for auto loans, see our related article.) Representatives said credit analysts individually evaluate applicants using a custom scorecard system.
If you have a history of making on-time auto loan payments, are prepared to make a substantial down payment, and/or are financing a less expensive car, you may be more likely to be approved for financing.
But, even if you have less-than-ideal credit, you may still qualify for financing. On its website, Chrysler Capital says its “financing programs provide a high rate of approvals for all types of credit situations.” And in a company blog post, the Chrysler Capital Credit Team writes, “Chrysler Capital does have buying power for first-time buyers for some of the subprime applicants that are out there … including someone recovering from a previous bankruptcy.”