REPORT: Chrysler Financial repays $1.5B in government loans
Chrysler Financial says it used the funding to provide more thatn 85,000 consumer loans for vehicle purchases and said the quick pay-off was due to provisions contained withn the loan that would increase costs over time.
Although Chrysler Financial is still offering insurance and financial products to consumers at dealerships, GMAC Financial Services replaced Chrysler Financial as the automaker's preferred lender when the Pentastar people filed for Chapter 11 earlier this year.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models