Exhibit 24


                         POWER OF ATTORNEY


     KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned
directors of Chrysler Financial Corporation hereby severally
constitutes and appoints D. M. Cantwell, Robert A. Link, Byron C.
Babbish and T. P. Dykstra, or any one or more of them, to be his
agents, proxies and attorneys-in-fact, to sign and execute in his
name, place and stead and on his behalf, and to file with the
Securities and Exchange Commission pursuant to the Securities
Exchange Act of 1934, as amended, the Form 10-K Annual Report of
Chrysler Financial Corporation for the fiscal year ended December
31, 1994, and any and all amendments to such Annual Report that
may be necessary or desirable, hereby approving, ratifying and
confirming all that the aforesaid agents, proxies and attorneys-
in-fact do, or that any one of them does, on his behalf pursuant
to this Power.

     IN WITNESS WHEREOF, the undersigned have hereunto set their
hands as of this 1st day of February, 1995.



W. S. Bishop                       W. J. O'Brien III        
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     W. S. Bishop                        W. J. O'Brien III



D. M. Cantwell                     T. P. Capo 
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     D. M. Cantwell                      T. P. Capo



R. J. Eaton                        J. E. Farrell
- -------------------                ------------------------
     R. J. Eaton                         J. E. Farrell



R. A. Lutz                         T. W. Sidlik 
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     R. A. Lutz                          T. W. Sidlik 



                    G. C. Valade 
                    --------------------
                         G. C. Valade