Refinance Savings Example, Lower Interest & Car Payment Rates

Refinance Savings Example

Here are examples of how much you could save:

When you purchased your car, the dealership may have charged you a higher interest rate than you deserve based on your credit profile. We work for you to secure the most favorable auto refinancing terms to meet your individual situation. If you are looking to reduce your monthly auto loan payment, get a lower interest rate from what you are currently paying, get up to $5,000 cash back or even shorten the term of your loan, OpenRoad Lending can assist you in accomplishing your goal.


Our expert team of refinance specialists will take the time to understand your unique financial situation and goals. They will explain exactly how much money you can save with auto refinance. They will also review the products you purchased when you first acquired your vehicle to make sure you received a fair price and to see if OpenRoad can save you money in that area as well.


Reducing Your Monthly Car Loan Payment

The illustration below shows how OpenRoad can lower your car loan payment and save you thousands over the life of your loan. By completing an OpenRoad auto refinance loan, this customer saved $94.33 on their monthly payments and $5,659.00 over the lifetime of the car loan. Our customers on average save more than $100 per month from their existing auto loan payments.


Shorten the Term of Your Auto Loan

This illustration shows how we can shorten the amount of time you have to pay on your auto loan and reduce the interest rate. Even in this scenario, this customer shortened the term of the loan by 6 months, lowered their rate of interest paid and OpenRoad Lending can still reduce a car loan payment $23.74 per month, saving them $4,141.40 in total finance charges and knocked off 6 total payments. This allows you to build equity much faster in the vehicle.




Additional Auto Refinance Related Articles:


An Auto Refinance Loan Can Lower Your Monthly Payments


Auto refinance loans have grown in popularity for many reasons, one being the fact that auto refinancing has become easier to complete and get the results you are looking for. If you have been thinking about ways to save a little bit of money each month, then you have probably been using some of the popular consumer methods that you read so much about in personal finance books, magazines, and websites. This may work for some but there are easier ways that can be more effective on your finances than these. Refinancing your current auto loan may give you the ability to save money each month. If you have a car or an SUV loan for example, then you may want to complete an auto refinance loan and lower your payments.


For many people, the ability to complete an auto refinance loan and lower your payments may sound great, but it also may sound impossible. This is because most people don’t know where to look for this opportunity. Smart consumers today are looking for direct lenders who offer everything they need online from an easy to complete auto loan application to payment calculators and the ability to complete the auto refinance loan from the comfort of their home instead of having to walk into a bank branch somewhere. For people who are having problems with their credit and finances, the major lenders are simply not an option. You need to locate direct lenders, meaning those who offer an auto loan application online and that offer an auto refinance loan. Most will allow you to refinance a car loan or SUV loan with very little effort. Auto refinancing can do several things for your finances. With short term loans you will reduce the overall amount of interest you pay. Maybe your objective is to reduce your auto loan payments. Either way, auto refinancing is an easy solution for you. Direct lenders will give you several refinance options. You determine which best fits your overall needs.


When you go online to refinance your car loan and lower your payments, however, you can work with a smaller lender that will give you more options and can understand your financial problems and give you options that make sense for your lifestyle.


The key here is to make sure that you deal with a website that you can trust that also provides plenty of financial and consumer resources so that you can make an educated decision. You will also want to make sure that you are able to pay loan payments that you can afford. Most of all, make sure the terms of the new loan is a change that you will benefit from. Be sure to look for a payment calculator to help determine your monthly payments. You can use it to calculate your loan payments based on current auto loan rates and terms.


When it comes to learning how to auto refinance your car or SUV loan and lower your payments online, the most important thing to remember is to go into the process with a clear idea of how much you really can afford. Remember that current auto loan rates will soon start increasing so you will want to lock in good terms on your car or SUV loan now before they begin to increase. It can never hurt to be honest about your finances. This is the only way to live the lifestyle that you feel most comfortable with. You will need to search out and find an auto loan application that you can complete online. Some lenders may require you to prove your gross monthly income so be sure to be truthful with any information you disclose on your auto loan application. Also, when you refinance online, you will find that the process is both easy and convenient. You can fill out the online application to refinance your car or SUV loan in just a few minutes and find out if you are approved almost instantly.

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Since 2009, OpenRoad Lending has helped hundreds of thousands of customers from all over the country save money by refinancing their current auto loan.
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