Chase and Subaru Renew Private Label Agreement
October 19 2020 - 8:00AM
Business Wire
The bank has served as Subaru’s exclusive auto finance provider
for more than 19 years.
Chase Auto and Subaru of America announced today the renewal of
their private label agreement, extending Chase’s role as the
private label finance provider for the auto manufacturer.
Since 2001, Chase Auto has provided customized retail, lease and
commercial services as well as strategic support to more than 630
Subaru retailers in the U.S. Through the brand Subaru Motors
Finance, Chase has financed nearly four million Subaru drivers.
“At Subaru, our customers recognize the importance of making a
sound financial decision by investing in a vehicle with
industry-leading sustained value,” said Thomas J. Doll, President
and CEO of Subaru of America. “Chase and their dedicated teams have
made it easy for our customers to purchase or lease a Subaru that
they will love, not only for its quality and safety, but for the
long-term retained value they offer.”
“Over the past 19 years we’ve developed a fully integrated
captive-like partnership, bringing the strength and innovation of
JPMorgan Chase to support Subaru’s goals,” said Peter Muriungi, CEO
of Chase Auto. “We’ve been side-by-side through the cycles – from
supporting Subaru’s decade of record sales to helping the team
navigate this unprecedented year.”
Chase’s dedicated Subaru Motors Finance team is committed to
delivering outstanding value and service. Subaru Motors Finance was
ranked #2 in Captive—Mass Market in the J.D. Power U.S. Dealer
Financing Satisfaction Study in 2018 and 2019.
For more information about Chase Auto, visit www.chase.com/auto
or www.chasedealer.com.
For more information about Subaru, visit www.subaru.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201019005081/en/
Media: Kimberly Hooks JPMorgan Chase
kimberly.hooks@chase.com
Diane Anton Subaru of America, Inc. 856-488-5093 /
danton@subaru.com
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