Chrysler Financing: What To Know Before You Buy
They say quality over quantity. With Chrysler, that may very well be true. This Big Three automaker only has two models in its current lineup — the Pacifica and the Pacifica Plug-in. The 300 has been discontinued as of December 2023.
Still, if you’re looking for a roomy grocery getter, the Pacifica could be it. But first you’ll need to explore your Chrysler financing options. Then, you’ll need to decide if your loan offer is competitive.
How do your Chrysler payments compare to the average?
Use our auto loan calculator to determine how much car you can afford.If you’ve already shopped for an auto loan but you’re not sure how it stacks up, you’re in the right place.
We tapped into data from Experian, Edmunds and other reputable sources to conduct a study. Our aim was to estimate average monthly Chrysler payments based on hypothetical car buyers with various credit scores. In the tables below, you’ll find estimated payments sorted by credit band.
These figures are only estimates, and credit score is only one factor that goes into your car loan. For example, cost and down payment amount also come into play. Also, these estimates don’t include other expenses like dealer fees or extended warranties.
When reviewing our study, you may be surprised to see some borrowers with the best credit also have the highest monthly payments. This is because according to Experian, borrowers with better credit tend to choose shorter loan terms. A shorter loan term can reduce your overall interest, but your monthly payments may be higher.
Learn more about how we calculated average monthly Chrysler payments.
Estimated average monthly payments for new Chryslers
| Model | Starting MSRP | Monthly payment (501-600 credit score) | Monthly payment (601-660 credit score) | Monthly payment (661-780 credit score) | Monthly payment (781-850 credit score) |
|---|---|---|---|---|---|
| 2023 Chrysler 300 | $34,995 | $536.93 | $500.04 | $488.28 | $522.91 |
| 2024 Chrysler Pacifica | $39,090 | $615.21 | $572.95 | $559.47 | $599.14 |
| 2024 Chrysler Pacifica Plug-in | $53,230 | $885.51 | $824.68 | $805.28 | $862.38 |
Estimated average monthly payments for used Chryslers
| Model | Fair purchase price | Monthly payment (501-600 credit score) | Monthly payment (601-660 credit score) | Monthly payment (661-780 credit score) | Monthly payment (781-850 credit score) |
|---|---|---|---|---|---|
| 2018 Chrysler 300 | $16,023 | $387.61 | $249.34 | $223.72 | $223.17 |
| 2018 Chrysler Pacifica | $14,232 | $244.83 | $211.85 | $190.08 | $189.61 |
| 2017 Chrysler 200 | $11,194 | $171.34 | $148.26 | $133.03 | $132.70 |
Chrysler finance options
Taking the first auto loan that comes your way? You might be driving toward an expensive mistake. Learn about your Chrysler finance options so you can find the loan with the lowest rate.
Chrysler Capital Finance
Best if...
You’re buying a Chrysler that’s currently on special offer.
Many car companies offer their own financing. This is called captive or manufacturer financing. If you get a Chrysler loan, you’ll be going through Chrysler Capital Finance. Chrysler Capital Finance also provides auto loans and leases for Dodge, Jeep, FIAT, Ram and SRT vehicles.
Going through Chrysler Capital Finance comes with perks that you won’t find with other lenders. Of these, the most enticing may be Chrysler’s special offers, which you can think of as financing deals.
A Chrysler financing deal could be a marked-down APR or a reduced monthly lease payment. Cash-back incentives (or Chrysler Bonus Cash) may also be on the table. These deals vary based on your ZIP code and the model you’re buying or leasing.
Like any other auto loan, the higher your credit score, the lower your APR will probably be. Still, you could qualify for Chrysler Capital Finance with a credit score as low as 620.
To see what rates and deals you might be eligible for, you can prequalify for an auto loan on Chrysler Capital’s website. If it approves you, Chrysler Capital will then send your application to your preferred Chrysler dealer.
Other than exclusive Chrysler financing deals, going with captive financing could also unlock benefits such as:
Affiliate Rewards
If you work for an employer that partners with Chrysler, you could get your new ride for 1% below MSRP. This is in addition to any other incentives you qualify for. Speak with your HR rep for further details. You can also check your eligibility on Chrysler’s Affiliate Rewards page.
First Responders discount
Law enforcement, medical workers and firefighters can get $500 off certain 2023 and 2024 Chrysler models. To claim your cash, you’ll need to provide basic information about your employer and line of work.
Military Incentive Program
The Military Incentive Program gives $500 bonus cash to eligible military members and veterans, just like the First Responders discount.
DriveAbility Disability Assistance Program
Permanently disabled drivers can get reimbursement up to $1,000 after installing adaptive equipment in their new Chrysler. This program also links eligible drivers with certified rehab specialists who can help them choose adaptive equipment.
New car warranties
Stellantis (Chrysler’s parent company) also owns Mopar. So it only makes sense that new Chryslers come with a Mopar-backed, five-year, 60,000-mile limited powertrain warranty. Extended warranties are also available at an additional cost.
Most new Chryslers also get roadside assistance for five years or 60,000 miles. With this, you can get 24/7 towing and help with lockouts, flat tires and gas delivery.
Certified pre-owned vehicles
Chrysler’s certified pre-owned cars must pass a 125-point inspection before they hit the lot.
Once certified, these vehicles get a seven-year, 100,000-mile limited powertrain warranty. For more robust protection, certified pre-owned Chryslers also have a three-month, 3,000-mile maximum care coverage warranty. Chrysler also provides a CarFax report and 24/7 roadside assistance for good measure.
Bank and credit union auto loans
Best if...
Your financial institution offers APR discounts or a car-buying service.
If you aren’t interested in captive financing, your next best bet may be your current financial institution.
Many banks offer a relationship discount for both banking and borrowing. For instance, you could get 0.25% off of your APR on a PNC Bank auto loan if you sign up for autopay with your PNC checking account.
Credit union auto loans in particular usually come with lower-than-average APRs. In fact, APRs cannot exceed 18% per federal law. Also, lots of credit unions (such as PenFed) have a car-buying service for its members. If you buy your Chrysler through the service, you could get a discounted rate and, in some cases, bonus cash.
Online auto loans
Best for...
Comparing multiple auto loan offers.
One of the easiest (and most effective) ways to shop for an auto loan may be by prequalifying with online lenders. Whether you have good credit, bad credit or somewhere in between, there’s likely an online lender for you.
Compared to bank and credit union loans, online auto loans tend to be easier to qualify for. And for buyers with excellent credit, they can have attractive APRs.
However, getting a car loan online can be intimidating if you don’t know what you’re doing. LendingTree can help. By using our loan marketplace, you can compare offers from up to five lenders with just a few clicks. It’s free, secure and it won’t negatively impact your credit score.
In-house financing
Best if...
You have bad credit and can’t qualify for other types of Chrysler financing.
If you go with in-house financing, you’ll be getting your car loan directly from the dealership. This isn’t the same as allowing the dealer to secure your loan. Dealers often help their customers apply for manufacturer financing. Rather, the dealership itself will fund your loan instead of a financial institution or lender.
Generally, it’s not hard to qualify for in-house financing. Some buy here, pay here lots don’t even require a credit check. But there’s a catch: exorbitant interest rates and fees.
Also, dealerships that offer in-house financing typically specialize in older vehicles. Your Chrysler may be several years old. This, combined with a high interest rate, may lead to an upside-down car loan.
How we calculated average monthly Chrysler payments
To calculate average monthly Chrysler payments, we found estimated starting MSRPs for some of Chrysler’s most popular models.
Then, we subtracted an average down payment from each MSRP. According to Edmunds, the average down payment on a new vehicle was $6,907 in Q3 2023. For used vehicles, it was $4,111. The resulting figure represents the total amount our hypothetical borrowers financed.
From there, we used our auto loan calculator to figure out average monthly Chrysler payments, using average APRs and loan terms as reported by Experian’s State of the Automotive Finance Market Q3 2023. You’ll find this data in the tables below. We rounded loan terms to the nearest whole number during our calculations.
| Subprime (501-600) | Near prime (601-660) | Prime (661-780) | Superprime (781-850) | |
|---|---|---|---|---|
| Average APR | 11.86% | 9.29% | 6.88% | 5.61% |
| Average loan term | 73.87 months | 74.13 months | 70.26 months | 62.23 months |
| Subprime (501-600) | Near prime (601-660) | Prime (661-780) | Superprime (781-850) | |
|---|---|---|---|---|
| Average APR | 18.39% | 13.53% | 9.33% | 7.43% |
| Average loan term | 66.28 months | 68.59 months | 68.56 months | 65 months |
Frequently asked questions
Hard is relative, but you might qualify for Chrysler Capital Finance with fair credit. Typically, you’ll need a score of at least 620 to be eligible. Chrysler Capital says that in some cases, it will work with first-time buyers who have little to no credit. At times, it may also work with those who’ve declared bankruptcy in the past.
Sometimes. Chrysler financing deals vary throughout the year and are specific to ZIP code and model. At the time of this writing, you’re likely to find APRs between 2.9% and 6.9% with Chrysler Capital Finance. The best way to see current Chrysler deals is by checking Chrysler’s website or talking with an authorized dealer.
The end of the year (Thanksgiving through the New Year) is one of the best times to shop. During this time, Chrysler Capital Finance often runs financing and leasing specials. Also, dealers may be motivated to sell at the end of the year to hit sales quotas and make room for new models.