“With the financial strength of Chase, Jaguar Financial Group and Land Rover Financial Group will provide our customers and dealers with competitive financial products and dedicated service, consistent with the world class ownership experience of Jaguar and Land Rover automobiles,” said Gary Temple, president, Jaguar Land Rover North America.
This expands the relationship established in January when Chase became the exclusive U.S. auto finance provider for Jaguar and Land Rover. Chase provides a dedicated team to manage the retail, lease and floorplan finance needs for the 340 U.S.-based Jaguar and Land Rover dealers.
"Chase is committed to helping Jaguar and Land Rover drive incremental sales," said Marc Sheinbaum, chief executive officer for auto finance at Chase. "We are excited about our relationship and proud to serve Jaguar and Land Rover customers under the brands they know and value so highly."
Chase was the #1 auto lender in the United States in new loan production through September 2009, lending $18 billion to finance new and used vehicles for 900,000 consumers.
About Jaguar Land Rover North America
Jaguar Land Rover is a business built around two great British car brands that design, engineer and manufacture in the U.K. Jaguar Cars Limited, founded in 1922, is one of the world’s premier manufacturers of luxury saloons and sports cars. Since 1948, Land Rover has been manufacturing authentic 4x4s that define ‘breadth of capability’ and luxury in their segments. Jaguar Land Rover North America is based in Mahwah, N.J., and is supported by 340 U.S.-based dealerships.
Chase, together with its affiliates, provides vehicle financing across the income spectrum. Parent company JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.