Since the notorious bankruptcy of Chrysler so many years ago, the car maker has relied on Ally Financial. Ally used to work with General Motors before that major transition. Doesn’t look like that will be the case any more as some major news in the financing world is coming out about a switch Chrysler is looking to make.

The car maker is closing in on a deal with Banco Santander, a Spanish bank. What they are hoping to accomplish is to have an in-house financing arm. This new arm will be called Chrysler Capital. What it is planning to do will be to provide financing for both consumers and dealers.

The report of this comes out of the Wall Street Journal and it writes about how the Chrysler and Santander deal may be happen in just a few weeks. Chrysler had already informed Ally Financial that their agreement, which was signed in April of 2012, would lapse in April of this year.

If you’re in the market for a vehicle and need to get a loan, please contact us here at Bayside Chrysler Jeep Dodge. We love to say yes. Like us on Facebook and follow us on Twitter for more news and monthly specials.

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