New Chase Business Center Offers Seattle-Area Car Dealers One-Stop Shopping

GARDEN CITY, N.Y.--July 13, 2006--Chase Auto Finance Corp. will open a full-spectrum Seattle business center this month to expand its services and better help area car dealers offer auto buyers more finance options.

The new center, at 1301 Fifth Street, Suite 3300, will provide dealers with a full and broader range of auto finance options for consumers looking to buy or lease new or used cars as well as commercial loans to dealerships. The investment in this new center is another example of Chase's long-standing commitment to the Seattle-area auto industry -- a relationship established over 20 years ago -- and to the individual needs of consumers.

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

The office will be staffed by a team with more than 75 years of combined auto industry experience. Jim Unteed will head the Prime credit team, and Andy Mulligan will manage the Sub-Prime group. Micki Robbins, Dealer Commercial Services Division Manager, provides 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," said Bill Jensen, National Custom Finance Executive for Chase.

Chase Auto Finance's retail and commercial sales teams provide a full spectrum of services to dealerships throughout the Northwest through its Prime Business Centers in San Diego and Phoenix, Sub-Prime Business Centers in Spokane, Wash., and five California locations: San Diego, Los Angeles, Riverside, Sacramento and Irvine as well as sub-prime representation in the Portland market.

Chase Auto Finance operates 47 offices and satellite locations and purchases retail installment contracts and originates loans across the continental United States, Hawaii and Alaska. Its Dealer Commercial Services division is the largest non-captive floorplan and commercial loan provider for auto dealerships across the nation, servicing the states of Washington, Idaho and Oregon in the Northwest region. It also partners with corporate parent JPMorgan Chase Bank, N.A. to provide treasury services, real estate lending and other banking services to dealers.

Chase Auto Finance Corp. together with JPMorgan Chase Bank, N.A., is one of the largest bank providers of auto financing in the country. JPMorgan Chase & Co. is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. Under the JPMorgan and Chase brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.