Examples of Auto Loan Refinance Savings
Reduce your Monthly Auto Loan Payment
This example shows how its possible to lower monthly payments and save thousands over the life of an auto loan. Through the Umbrella Auto refinancing process this customer could have saved over $73.81 per month and $4,428.60 over the life of the auto loan.
Auto Loan Amount - $30,000
| Original Auto Loan | New Auto Loan | |
| Auto Loan Term | 60 Months | 60 Months |
| Annual Percentage Rate | 12.5% | 7.5% |
| Auto Loan Payment | $674.95 | $601.14 |
When you refinance your auto loan with Umbrella Auto, your existing loan
is paid off. Umbrella Auto then becomes the lender, providing you with a
lower interest rate on your auto loan, thereby lowering your monthly car
payment.
When you qualify for an auto loan refinance with Umbrella Auto,
your interest rate and monthly car payment can be dramatically reduced.
You may even be able to take up to a 90-day break from your monthly auto
loan payment. Whether you are looking to reduce your monthly auto payment,
acquire a lower interest rate, shorten the term of your loan and/or take
up to a 90-day break from those payments, Umbrella Auto can help.
Shorten the Term of Your Auto Loan
In this example we shorten the term of the auto loan by 6 months and reduced this customer's interest rate. Umbrella Auto was able to reduce their monthly auto loan payment by $13.60 per month, saving them $3,434 in finance charges, and shortening the time until their vehicle is paid in full. By doing this, the customer also has a better opportunity to build equity faster in their vehicle.
Auto Loan Amount - $20,000
| Original Auto Loan | New Auto Loan | |
| Auto Loan Term | 60 Months | 54 Months |
| Annual Percentage Rate | 12.5% | 6.9% |
| Auto Loan Payment | $450.00 | $436.40 |
Take advantage of this great savings opportunity now, Get Started Today!