Chrysler Financial Corporation - Famous Automotive Co. - 1970's-1980's dated Various Denominations Bond

Automotive Bond printed by Security-Columbian Banknote Company. Various Denominations. Angelic figures on each side of oval. Please specify color.

Chrysler Financial Corporation, established in 1964 as Chrysler Credit Corporation, was the original “captive” finance arm of the Chrysler Corporation. Its primary objective was to offer a comprehensive range of automotive financing products and services to its dealers and consumers. For decades, it stood as a prominent auto lender alongside Ford Motor Credit and GMAC. The company provided various solutions, including retail financing, leasing, and fleet services, which played a crucial role in facilitating the sale of Chrysler, Dodge, Jeep, and Ram vehicles.

In 2007, as part of a significant restructuring, the parent automaker was sold to Cerberus Capital Management. However, the private equity group retained ownership of the financial arm.

During the financial crisis of 2009, Chrysler Financial was mandated by the U.S. Treasury to wind down its operations. This process was successfully completed by December 31, 2011. Subsequently, new Chrysler loans were transferred to GMAC (now Ally Financial). Consequently, the original Chrysler Financial was acquired by the TD Bank Group for a sum of $6.3 billion in cash. The acquisition was finalized on April 1, 2011, and the business underwent a rebranding as TD Auto Finance later that spring, effectively marking the end of the original Chrysler Financial brand.

In 2013, a new entity called Chrysler Capital was launched as a collaborative program between FCA US LLC (now a part of Stellantis) and Santander Consumer USA. The purpose of Chrysler Capital was to provide current financing solutions for the automaker’s various brands.