Chase Auto Finance’s loan book is increasingly weighted toward prime borrowers, with recent filings indicating 69% prime-level exposure. This strategic pivot is expected to cushion potential impacts from any short-term economic slowdown in the US auto sales market. Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ZDNET Finance to cover credit card, banking and blockchain news. He then worked with CNET Money to bring readers the most accurate and up-to-date financial information. You can find him reading, rock climbing, snowboarding and enjoying the outdoors. Meanwhile, auto-finance focused companies only offered average savings of $13. Bond market observers note Chase Auto Finance’s low default ratios enhance its credit profile, allowing potential reduction in funding costs if the Fed signals a policy shift later in 2024, which may support improved margins and investor confidence.
