Filed Pursuant to Rule 424(b)(3)
                                        Registration Nos. 33-55787 and 33-64179

PRICING SUPPLEMENT NO. 27, dated January 16, 1996
(To Prospectus dated December 20, 1995 and 
Prospectus Supplement dated December 20, 1995) 
(CUSIP No. 17120Q WB3)

                                $2,500,000,000 
                        Chrysler Financial Corporation 
                          Medium-Term Notes, Series Q 
                              Floating Rate Notes 
                    Due 9 Months or More From Date of Issue 

Principal Amount:       $50,000,000
Issue Price:            100%
Calculation Agent:      First Trust of New York, National Association
Original Issue Date:    January 19, 1996
Stated Maturity:        February 2, 1998
Initial Interest Rate:  to be determined on January 17, 1996
Specified Currency:     U.S. Dollars
      (If other than U.S. Dollars, see attachment hereto) 

Option to Receive Payments in Specified Currency:  [ ] Yes   [ ] No 
      (Applicable only if Specified Currency is other than U.S. Dollars)

Authorized Denominations: 
      (Applicable only if Specified Currency is other than U.S. Dollars)

Base Rate: 
      [ ] Commercial Paper Rate   [X] LIBOR   [ ] Treasury Rate   [ ] CD Rate
      [ ] Federal Funds Rate  [ ] Prime Rate  [ ] Other (see attachment hereto)
      If LIBOR, Designated Page:  [ ] Reuters Page   [X] Telerate Page
      If LIBOR, Index Currency:  U.S. Dollars

Interest Reset Period:    quarterly
Interest Reset Dates:     the third Wednesday of March, June, September and
                           December, commencing March 20, 1996
Interest Payment Period:  quarterly
Interest Payment Dates:   the third Wednesday of March, June, September and
                           December, commencing March 20, 1996, and ending on
                           the Stated Maturity
Index Maturity:           three months
Spread (+/-):             +.22
Spread Multiplier:        n/a
Maximum Interest Rate:    n/a
Minimum Interest Rate:    n/a

Redemption: [X] The Notes cannot be redeemed prior to maturity.
            [ ] The Notes may be redeemed prior to maturity.
Initial Redemption Date:  
The Redemption Price shall initially be     % of the principal amount of the
Notes to be redeemed and shall decline at each anniversary of the initial
Redemption Date by     % of the principal amount to be redeemed until the
Redemption Price is 100% of such principal amount.



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Repayment:  [X] The Notes cannot be repaid prior to maturity.
            [ ] The Notes can be repaid prior to maturity at the option of the
                holder of the Notes.

Optional Repayment Date(s): 

Repayment Price: 

Discount Notes:  [ ] Yes   [X] No 
      Total Amount of OID: 
      Yield to Maturity: 
      Initial Accrual Period OID: 

Agent's Discount or Commission:  
Agent's Capacity:  [ ] Agent   [X] Principal 
Net proceeds to Company (if sale to Agent as principal):  $49,875,000

Agent:   [ ] Merrill Lynch & Co.            [ ] Salomon Brothers Inc
         [X] Other:  Morgan Stanley & Co. Incorporated






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