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Explore ways to pay off your car loan faster, save on interest, and reduce financial stress with strategies that help eliminate debt quicker.
Uncover the advantages and disadvantages of refinancing a car to see how it might affect your finances. See if refinancing your auto loan is right for you.
Explore what factors influence the average car loan interest rate, aiding you in understanding your potential loan options for car loans in 2024.
Find out how to refinance a car and what factors might influence your new loan terms. Learn the steps to refinancing your auto loan.
Curious about refinancing your car loan with the same lender? Learn the key aspects and benefits to keep in mind while considering who to refinance with.
Month in and month out, you make your auto loan payment. Every time you take money out of your account to pay your loan, you think it’s really a big chunk of your monthly budget. You may find yourself wondering what you could do with those funds if you could take a vacation from your next auto loan payment. That may be an option for you.
When your financial situation changes, RefiJet has the auto refinance solutions to help you manage your budget
Get added flexibility when you refinance your auto loan with RefiJet
Get the money you need for other expenses when you refinance your auto loan
RefiJet has refinance solutions to lower your car loan's interest rate
RefiJet has refinance solutions to lower your monthly car payment
Find out if you can save on your auto loan without impacting your credit
There are many reasons for refinancing your auto loan. Auto refinancing can save you money on your monthly payment and thousands of dollars over the course of your car’s loan.
The vehicle title is the legal document that is the state’s record of who owns the vehicle.
Yield Solutions Group, LLC dba RefiJet, one of the nation’s highest customer-rated auto loan refinancing companies, has just received its SOC 2 certification.
Many car buyers are worried about negotiating car prices, preferring to buy their cars at the initial cost. However, you can save lots of money with the right haggling skills.
The COVID-19 pandemic had severe effects on the car market and we continue to see its influence on car and interest rates even as 2022 comes to a close.
Buying a car is a substantial expense for most individuals, so the idea of leasing a vehicle may be appealing to you. The term “lease” is often linked to cars, trucks and SUVs in new condition. However, leasing a used car is certainly possible. Used car leases do exist, and they give you the opportunity to save thousands of dollars.
As electric vehicles (EVs) rise in popularity, more manufacturers want a piece of the market. To keep up with the electric vehicle industry trends of 2022 and beyond, consumers, manufacturers and car dealership owners can explore the various ways government interest and public appeal have furthered the production of electric vehicles.
Guaranteed asset protection (GAP) waivers and GAP insurance have several differences, and it’s important to know which one is the best option for your vehicle. Learn more about GAP waivers and insurance to see how to obtain each and their respective benefits.
If you recently purchased a car, you may wonder how quickly you can refinance your loan. While you can refinance as soon as you find a lender that will approve your loan, factors such as paperwork processing times or your title transfer may affect the timing.
After buying a new car, you may start to consider refinancing your car loan to get a lower interest rate or better terms. However, you may wonder if it costs money to refinance your car or how much it will be.
Having a cosigner on your car loan can be useful, especially if you have little or no credit or less than stable employment. However, as your financial situation changes, you may find you no longer need a cosigner. Whether you experience a change in your relationship, creditworthiness or finances, you might reach a time when you need to remove your cosigner from your loan.
After you buy a vehicle, interest rates or your financial situation may change and you may want to know how soon you can refinance your car. In theory, you can refinance right away.
Refinancing your car means taking out a new car loan and using it to repay the old debt. Car owners often refinance to save money or make monthly payments more affordable.
If you want to upgrade your vehicle or are considering a car loan refinance to lower your monthly payment, it’s essential to understand used auto values. Knowing your vehicle’s value can help you get the best price and potentially increase the value.
Financing simplifies the process of getting the vehicle you want on your timeline — but some of the technical jargon that comes with auto loans can pose an unexpected hurdle. Before you sign an agreement, it’s important to make sure you understand all the terms.
Your car and your house are probably two of your largest expenses from month to month. With multiple types of loans, deciding which one to prioritize can be a challenge — especially when you have the opportunity to refinance. Here’s what you need to know about refinancing, from why it makes sense to where you should start.
Making the decision to refinance an auto loan can seem confusing. Where do you even get started? Auto refinancing is the process of obtaining a new auto loan to replace your existing one. Why would you want to do this? For some people, it may help to reduce monthly payments or help them save money. If you’re not happy with making your payment each month, here’s what you should know about refinancing your car.
The New Year is time for many things – setting new goals for health and perhaps a few projects around the home to complete. New Year’s resolutions may also include financial decisions. For many people, making changes to financial habits takes time and consistency. The New Year may be the ideal time to make these financial resolutions as it provides an opportunity for you to finally get on track to achieve your goals right at the start of the year.
RefiJet, one of the nation’s fastest-growing auto loan refinancing companies, is using its rapidly growing audience and platform to educate American borrowers on an important opportunity. Considering the rise in spending that takes place over the holiday season, the Denver-based company is highlighting the opportunity to “take a vacation” from auto loans.
If there is one lasting impact of the past year in American life, it has been the increased awareness of finding more opportunities for financial freedom. For some, that means starting a business instead of relying on others for their employment. For others, it has simply meant taking charge of their day-to-day or monthly budgets.
RefiJet, a nationwide auto refinance program, is celebrating its five-year anniversary of operations on October 1. Since its inception, the Company has experienced significant growth in the number of loans funded, the number of partner lenders in the program, and the number of employees. Named as one of the fastest-growing companies by Inc., Yield Solutions Group, LLC, which does business under the name RefiJet, has experienced steady growth and increased by over 100% last year alone.
Leading Auto Loan Refinance Company Among Finalists for BBB’s 2021 Torch Awards
Leading Auto Loan Refinance Company Honored by Denver Business Journal
Leading Auto Loan Refinance Company Organizes ‘Culture Club’ to Inspire Community Outreach
The Auto Loan Refinance Company and Marketing and PR Agency Partner to Drive National Awareness
Denver, Colorado – (October 12, 2020) – Lightico, a real-time customer collaboration platform, has invited Reid Rubenstein, Managing Partner and Founder of RefiJet, to participate in its Auto Finance Innovators Forum. This webinar, being presented on 10/14/20 at 12:00 PM Eastern time, focuses on innovations that can help auto lenders adapt to an ever-changing market landscape.
RefiJet is pleased to launch a Spanish version of its website, RefiJet.com/es. The website offers information and tools to help Spanish-speaking consumers determine whether refinancing an auto loan is right for them. The Spanish website will provide information that will help consumers decide if reducing their interest rate, lowering their monthly payments, or obtaining a better loan structure will help them to balance their budget and achieve their financial goals.
Based on RefiJet’s industry-leading position in the auto refinance market, RefiJet Managing Partner and Co-Founder, Reid Rubenstein, is presenting at Origence’s upcoming webinar, How to Become an Industry Leader in the Fast-Growing Market of Auto Refinance. The webinar is being presented Thursday, September 24, 2020 at 2-3pm (ET).
Road-tripping during a pandemic doesn’t have to be a challenge. But, there are a few road trip suggestions you should take into consideration before your next outing. First things first, you need to plan your route! Decide which states you want to visit and then determine a timeline for each one.
For many, summer vacations, fall trips, and holiday weekends may not happen in the way they’ve been happening in previous years. This year, you may not be hopping on a plane, but getting in a car to get away from home. Visiting place in a car during a pandemic can be a good way to see the world, but you’ll need a few tips and strategies to help ensure you road trip safely during COVID.
Coronavirus has changed nearly every aspect of our lives and auto refinancing during COVID is no different. The pandemic affects how we work, how we play, where we go, and how we get there. It has affected budgets, schedules, and expectations. When adapting to the new reality, it’s important to find ways to be in control and to make choices that provide realistic yet attractive options.
Even as many people find themselves spending more time at home during the COVID-19 pandemic, there’s no doubt you’ll have to go from place to place throughout this period.
Many people have cut down on the amount of driving they are doing due to stay-at-home orders and being able to work from home. In fact, some auto insurance companies have even offered discounts to help reduce the costs associated with the lack of driving.
RefiJet partners with Origence to assist credit unions in gaining more auto refinance loans
The RefiJet employee training program is a very detailed important piece to our business. We are lucky and grateful that throughout the COVID-19 pandemic, we have been able to not only help people save on their auto loans but also bring on new employees.
During the difficult time created by the COVID-19 pandemic, consumers are looking for fast ways to manage their personal finances. Refinancing auto loans is a strategic solution. RefiJet, a Denver-based auto refinance company that serves the entire nation, offers a fast, easy process that can result in hundreds of dollars of savings per month on a loan payment—just when it’s needed the most.
Purchasing a vehicle for your family or business usually requires a loan. Sometimes, if you are a single borrower, you may need a better credit score or loan-to-debt ratio to qualify for a favorable rate. Choosing a cosigner or joint auto loan can grant you access to a larger loan with a lower interest rate. While cosigner and joint loans are similar, they have several key variations that make them ideal in different situations.
Denver, Colorado – (January 13, 2021) – Yield Solutions Group, LLC, known as RefiJet by consumers, has moved into a larger facility to accommodate its recent and planned expansion. Located at 5775 DTC Blvd, 4th Floor, Greenwood Village, CO 80111, the new office offers spaces customized to the Company’s call center operations.
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A method for payment that involves the automatic, electronic transfer of funds between financial institutions. ACH may be used, in some cases, for automated monthly loan payment.
Loan repayment over time, with regular installment payment that covers principal and interest. An amortization table shows how the payment of principal and interest corresponds to the outstanding principal balance on the loan after each payment.
The total amount of money provided by the lender for a loan. In the case of a refinance loan, it includes the payoff amount for the previous loan, any taxes or fees due, and any product purchases, such as GAP and Extended Service Contract.
The total amount of money provided by the lender for a loan. In the case of a refinance loan, it includes the payoff amount for the previous loan, any taxes or fees due, and any product purchases, such as GAP and Extended Service Contract.
The applicant is the person applying to be the primary borrower on a loan. In some cases, there is a co-applicant, who is a second applicant and also becomes a borrower on the loan. If there is a co-applicant, both parties are responsible
The individual(s) who obtained credit from a lender and have an obligation to repay the loan. Also, please see about a Co-Borrower.
This third-party website provides a vehicle history report for vehicles. The vehicle’s VIN (Vehicle Identification Number) is used to track the vehicle history. Some lenders use this information to evaluate whether your vehicle meets their lending guidelines for collateral.
Collateral is the specific asset that secures the loan. In the event of default on a loan, the lender has rights to the collateral.
A third-party organization that tracks and reports on consumer credit history. The credit bureau report is used by lenders as a tool to evaluate a potential borrower’s creditworthiness.
A report provided by a Consumer Reporting Bureau provides information on a consumer’s credit history. The report typically includes at least one type of credit score as well as information on past payment history and outstanding debt.
Various third-party credit bureau agencies provide credit scores that reflect your financial history and ability to repay debts. Lenders use credit scores as part of their evaluation process to determine if an applicant qualifies for a loan and to set the interest rate and other loan parameters.
An amount that is owed by one party to another.
The ratio of your debt to your income is a key risk factor for lenders. To calculate DTI, the lender considers your monthly debt as a percentage of your monthly gross income. The higher the DTI, the higher the risk level to the lender.
A state agency that handles vehicle registration, titles, and licensing. Sometimes called the Department of Transportation.
As your vehicle ages, it loses value, or depreciates, due to mileage as well as wear and tear.
Some lenders, lending programs and dealers charge a documentation fee to consumers as part of processing their purchase/loan.
The cash a consumer pays towards a purchase or new loan. The Down Payment is not financed.
The monthly date on which a loan payment is due.
ESC is an optional product that you can purchase to cover costs associated with repairing your vehicle. Different plans offer different terms of coverage and various levels of coverage. Some even provide additional protections, such as the costs associated with towing and lodging if you get stranded out of town. This product is typically available for used vehicles and can be included in a refinance. To learn more, please see Protect Your Vehicle With an Extended Service Contract.
The cost of credit stated in a dollar amount.
A loan that has a pre-set, constant interest rate that does not change over the life of the loan.
GAP is an optional product that you can purchase to cover the difference between the vehicle value and the amount outstanding on your auto loan in the event of a total loss of your vehicle. Different coverage plans provide different levels of protection, such as covering your insurance deductible. GAP stays with the loan, so if you refinance, you should look into canceling your old policy, which may result in a pro-rated refund. New GAP can be added to the refinance loan.
This is the cost, expressed as a percentage of the loan amount, that is charged by the lender for use of the funds for the loan.
A fee a lender charges if a monthly loan payment is made after the payment due date. The amount of the fee is typically defined in the loan agreement.
The lender has a lien, or legal claim, on your vehicle since it is used as collateral for your loan.
This ratio of the value of your vehicle to the total amount of the loan is used by lenders to evaluate the risk associated with the loan. It helps set the maximum loan amount that can be provided, based on the vehicle’s value, as defined by a third-party valuation guide.
The new vehicle sales price suggested by the vehicle’s manufacturer.
The date on which the final loan payment, for the full outstanding balance, is due.
The amount due each month for your auto loan. It includes both principal and interest.
A fee a lender charges if a payment doesn’t clear, such as if there aren’t enough funds for a check that is provided as a monthly loan payment. The fee amount is typically disclosed on the loan agreement.
The legal contract between the borrower(s) and the lender for the loan. The NSA defines the specific terms of the loan, such as the interest rate/APR, Term of the loan, monthly payment, late fees, Non-Sufficient Funds fees, etc.
The features on your vehicle that were added in addition to a standard trim package. Examples include special seats, a special audio system, or a sunroof. The features add value when the vehicle value is being defined.
Payment amount required to pay off the remaining balance on a loan.
A fee that is charged as a penalty in the event a loan is paid down or paid off prior to the completion of the loan term. Any prepayment penalty is defined in the loan agreement.
The unpaid balance of a loan, not including interest.
A payment made to a lienholder that is applied 100% to outstanding principal balance rather than towards principal and interest.
In some cases, a lender may require that your employer provides a statement or document to prove that you are employed with them.
Some lenders require documentation, such as a current pay stub or tax returns, to prove your income level.
A copy of your insurance policy or insurance card, showing your name and the amount of coverage, is often required as part of financing/refinancing a vehicle.
Proof of your address from a document such as a utility bill or lease may be required as part of the financing/refinancing process.
Obtaining a new loan that pays off an existing loan for the same vehicle. Typically, refinancing is done to lower monthly payment, lower APR, or get a better loan structure.
The document that proves that you have registered your car with your State. A copy of the registration is often required as part of the finance/refinance process.
Taxes are due when you purchase a new vehicle or when you buy out a lease. In some states, the tax may be due if you switch who is on the title of a vehicle.
A loan that calculates interest based on the outstanding principal balance of the loan.
The length of the loan in months or years.
The legal document that proves the vehicle’s ownership and a lienholder’s security interest in the collateral. Also referred to as the Certificate of Title.
A regulation that defines a state’s maximum allowable interest rate on a loan.
The unique 17-digit number that identifies every vehicle. It is found on the driver’s side of the dashboard, on the driver’s side door jamb of the vehicle, and often on the owner’s Proof of Insurance.
Your vehicle’s value is defined through one of several third-party valuation guides, such as Kelley Blue Book (KBB.com), Black Book, or NADA. This value is the amount that the vehicle could be sold for, either at retail or wholesale, depending on the lender’s guidelines.
A guarantee from a vehicle manufacturer that covers a new vehicle for specific mechanical problems for a defined number of miles or length of time.
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