Exhibit 5.1

                [Letterhead of Sidley Austin Brown & Wood LLP]




                                              May 8, 2001


Chrysler Financial Company L.L.C.
27777 Franklin Road
Southfield, Michigan 48034


Re:      Chrysler Financial Company L.L.C.
         Registration Statement on Form S-3

Ladies and Gentlemen:

         We have acted as special counsel for you in connection with the
Registration Statement on Form S-3 (the "Registration Statement"), filed with
the Securities and Exchange Commission under the Securities Act of 1933, as
amended (the "Act"), for the registration under the Act of $10,000,000,000
aggregate principal amount of asset backed notes (the "Notes") and asset
backed certificates ("Certificates" and, together with the Notes, the
"Securities"). Each series of such Securities will be issued pursuant to (i) a
trust agreement (the "Trust Agreement") among a trustee named in the related
prospectus supplement, Chrysler Financial Company L.L.C. (the "Registrant")
and another entity named in such prospectus supplement and/or (ii) an
indenture (the "Indenture") between the trust formed pursuant to the Trust
Agreement and the indenture trustee named in the related prospectus
supplement.

         We have made such investigation of law as we deemed appropriate and
have examined the proceedings heretofore taken and are familiar with the
procedures proposed to be taken by the Registrant in connection with the
authorization, issuance and sale of the Securities.

         Based on the foregoing, we are of the opinion that:

         1. When an Indenture has been duly authorized by all necessary action
by the parties thereto and has been duly executed and delivered by the parties
thereto, and the Notes issued pursuant to such Indenture have been duly
executed, authenticated and delivered and paid for as described in the
prospectus supplement, such Notes will be validly issued and binding
obligations of the issuing trust, fully paid and non-assessable and subject to
applicable bankruptcy, insolvency, reorganization and similar laws affecting
creditors' rights generally and subject to general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or at
law).

         In rendering the foregoing opinions, we have assumed the accuracy and
truthfulness of all public records regarding the Registrant and of all
certifications, documents and other proceedings examined by us that have been
executed or certified by officials of the Registrant acting within the scope
of their official capacities and have not verified the accuracy or
truthfulness thereof. We have also assumed the genuineness of the signatures
appearing upon such public records, certifications, documents and proceedings.
In addition, we have assumed that each such Indenture and the related Notes,
as applicable, will be executed and delivered in substantially the form filed
as exhibits to the Registration Statement with such changes acceptable to us,
and that such Notes will be sold as described in the Registration Statement.
We express no opinion as to the laws of any jurisdiction other than the laws
of the State of New York and the federal laws of the United States of America.

         We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to this firm under the heading
"Legal Opinions" in the Prospectus forming a part of the Registration
Statement, without implying or admitting that we are "experts" within the
meaning of the Act or the rules and regulations of the Securities and Exchange
Commission issued thereunder, with respect to any part of the Registration
Statement, including this exhibit.

                                            Very truly yours,


                                            Sidley Austin Brown & Wood LLP