Wednesday, Jan. 10, 2007, 07:00 PM UPDATED 11:59 AMBy Nick Zulovich
GARDEN CITY, N.Y. — Chase Auto Finance announced it has renewed its partnership with Subaru of America to serve as the automaker's captive finance provider.
"Subaru is pleased to extend our relationships with Chase Auto Finance," said Thomas Doll, executive vice president and chief financial officer of Subaru.
"Through our partnership, Subaru Motors Finance has provided our retailers with efficient and cost-effective retail, lease and floor plan finance capabilities, which are a key component to the success of our business," he added.
Chase Auto Finance worked with Subaru to create the Subaru Motors Finance brand. Since 2001, SMF has financed nearly 500,000 Subaru customers, or about half of all Subaru vehicles sold in the U.S., according to executives.
An exclusive team at SMF manages the full spectrum of retail, lease and floor plan needs with a variety of customized product offerings for the nearly 600 retailers nationwide, executives noted.
"Chase Auto Finance has forged a strong relationship with Subaru and its retail organization, so we are delighted to continue this productive partnership," said Joe Scimone, national sales and client relations executive at Chase Auto Finance.
"After providing superior, cost-effective financing to nearly half a million Subaru customers, we look forward to serving many, many more," he concluded.