The FINANCIAL — Enterprise Car Sales, a service of Enterprise Rent-A-Car and part of one of the world’s largest car rental companies, and Chase on August 25 announced a new multi-year, private-label agreement, which aims to provide car buyers a seamless customer experience – from the selection of their vehicle to the financing of their purchase.
Under the agreement, Chase Auto Finance will be the private-label auto finance provider at more than 130 U.S.-based Enterprise Car Sales locations. Marketed and serviced under the name Enterprise Auto Finance, the unique offering will provide customers a financing experience that complements Enterprise’s award-winning customer service. Enterprise Auto Finance will roll out later this year, according to JPMorgan.
“Chase is pleased to provide Enterprise with a consistent source of funding and servicing as it continues to expand its car sales business,” said Thasunda Duckett, Chief Executive Officer for Chase Auto Finance. “This is a great opportunity to deliver a world-class customer experience under the Enterprise Auto Finance brand.”
Enterprise Car Sales customers already appreciate Enterprise’s low-pressure car-buying experience, which includes haggle-free buying. From the first day Enterprise began selling used vehicles in St. Louis in 1962, customers have been assured that the listed price is the price they pay. That approach allows the Enterprise sales team to focus on the customer experience – and the exceptional service that is a hallmark of Enterprise.
“We are excited to join with Chase to offer a private-label financing option for our customers,” said Mike Bystrom, Vice President of Enterprise Car Sales. “We’ve enjoyed a strong partnership with Chase for many years. Our companies share a deep commitment to exceeding customer expectations, giving back to our local communities, supporting military veterans and their families, and putting the customer first. Chase is a natural fit to provide financing to our customers through Enterprise Auto Finance.”