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

PRICING SUPPLEMENT NO. 34, dated January 10, 1997
(To Prospectus dated January 25, 1996, and 
Prospectus Supplement dated February 2, 1996)
(CUSIP No. 17120Q XT3)
                                  $2,500,000,000
                          Chrysler Financial Corporation
                            Medium-Term Notes, Series Q
                                 Fixed Rate Notes
                      Due 9 Months or More From Date of Issue

Principal Amount:     $50,000,000

Issue Price:          The price of the Notes will vary depending on
                      prevailing market prices at the time of resale.

Original Issue Date:  Jnauary 27, 1997

Stated Maturity:      January 27, 2012

Interest Rate:        7.50%

Interest Payment Dates:   The 27th day of each month, commencing
                          February 27, 1997.

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)

Redemption:    [ ] The Notes cannot be redeemed prior to maturity.
               [X] The Notes may be redeemed prior to maturity in full.

Redemption Dates: The 27th day of each month, commencing January 27, 1998

The Redemption Price shall be 100% of the principal amount of the Notes 
to be redeemed.

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:  The Notes are being purchased by the Agent
     at 100% of their principal amount and will be sold at varying prices
     to be determined at the time of sale.

Agent's Capacity:   [ ] Agent   [X] Principal

Net proceeds to Company (if sale to Agent as principal):  $50,000,000

Agent:    [ ] Merrill Lynch & Co.  [ ] Salomon Brothers Inc   
          [X] Other: Lehman Brothers Inc.