GARDEN CITY, N.Y. (July 14, 2006) — Chase Auto Finance Corp. announced Thursday that it will be opening a full-spectrum Seattle business center this month, which is designed to expand the company's services and better help area car dealers offer vehicle buyers more finance options.

The new center — located at 1301 Fifth Street, Suite 3300 — will offer dealers a broader range of finance options for consumers looking to buy or lease new or used vehicles. The center will also provide commercial loans to dealerships, executives said.

"Car buyers span the credit spectrum, so Chase makes it even more convenient for retail and commercial dealers to meet their customers' diverse needs," explained Joe Scimone, president of Prime Auto for Chase.

Company executives said Jim Unteed will head up the prime credit team, while Andy Mulligan will manage the subprime group. Moreover, Micki Robbins, dealer commercial services division manager, will provide commercial banking services to dealers in the region.

"By bringing together and expanding our teams in this region, we can more fully support dealers, and thus their customers, by providing them with more options and the quality service they have come to expect from Chase over the years," concluded Bill Jensen, national custom finance executive for Chase.