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Refinancing Tips
03
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12
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2024
Take a Vacation from Your Next Auto Loan Payment

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.

03
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12
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2024
Auto Refinancing During Life-Changing Events

When your financial situation changes, RefiJet has the auto refinance solutions to help you manage your budget

03
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12
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2024
Add or Remove a Co-Borrower

When your refinance your auto loan with RefiJet

03
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12
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2024
Refinance and Extend Your Auto Loan Term

Get added flexibility when you refinance your auto loan with RefiJet

03
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12
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2024
Cash Back From the Equity in Your Car

Get the money you need for other expenses when you refinance your auto loan

03
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12
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2024
Lower your Auto Loan's Interest Rate

RefiJet has refinance solutions to lower your car loan's interest rate

03
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12
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2024
Lower Your Monthly Auto Loan Payment

RefiJet has refinance solutions to lower your monthly car payment

03
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12
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2024
Pre-qualify Auto Refinance

Find out if you can save on your auto loan without impacting your credit

03
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12
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2024
Reasons to Refinance Your Auto Loan

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.

03
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12
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2024
Vehicle Titles

The vehicle title is the legal document that is the state’s record of who owns the vehicle.

03
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05
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2024
RefiJet Announces SOC 2 Certification

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.

03
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05
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2024
How to Negotiate Car Prices

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.

03
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05
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2024
Is 2023 a Good Time to Buy a Car?

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.

03
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05
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2024
Can You Lease a Used Car?

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.

03
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05
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2024
Electric Vehicle Trends in 2022

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.

03
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05
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2024
What’s the Difference Between a GAP Waiver vs. GAP Insurance?

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.

03
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05
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2024
How Does Refinancing Your Car Impact Your Credit?

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.

03
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05
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2024
Costs of Refinancing Your Car

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.

03
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05
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2024
How to Remove a Cosigner From Your Car Loan

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.

03
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05
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2024
How Soon Can You Refinance a Car After Purchase?

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.

03
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05
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2024
How Many Times Can You Refinance a Car?

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.

03
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05
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2024
Used Car Values Explained

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.

03
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05
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2024
Interest Rates vs. APR for Car Loans

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.

03
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05
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2024
Refinancing a House vs. Refinancing a Car

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.

03
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05
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2024
Auto Refinance-101

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.

03
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05
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2024
2022 New Year’s Financial Resolutions

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.

03
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05
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2024
RefiJet Offering Families Holiday Relief on Monthly Payments

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.

03
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05
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2024
Why Buying Out an Auto Lease Might Be In Your Best Interest

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.

03
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05
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2024
5-Year Anniversary

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.

03
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05
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2024
RefiJet Listed as Finalist for Better Business Bureau Honor

Leading Auto Loan Refinance Company Among Finalists for BBB’s 2021 Torch Awards

03
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05
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2024
RefiJet Named One of Denver’s “Best Places to Work” in 2021

Leading Auto Loan Refinance Company Honored by Denver Business Journal

03
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05
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2024
RefiJet Helps Feed 1,000 Families for One Month Through Local Food Drive

Leading Auto Loan Refinance Company Organizes ‘Culture Club’ to Inspire Community Outreach

03
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05
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2024
RefiJet and 919 Marketing Announce Partnership

The Auto Loan Refinance Company and Marketing and PR Agency Partner to Drive National Awareness

03
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05
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2024
RefiJet Shares Expertise at Auto Finance Innovators Forum

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.

03
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05
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2024
Auto Refinance Experts RefiJet Launch Spanish Website to Better Serve the Latinx Community

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.

03
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05
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2024
RefiJet Auto Loan Refinance Program shares industry expertise at CUDirect Webinar

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).

03
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05
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2024
Road Trip Suggestions During COVID-19

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.

03
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05
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2024
Road Trip Safely During COVID

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.

03
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05
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2024
Auto Refinancing 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.

03
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05
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2024
Cleaning Your Car During COVID

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.

03
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05
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2024
Car Maintenance During COVID

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.

03
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05
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2024
RefiJet Partners with New Auto Refinance Broker Program

RefiJet partners with Origence to assist credit unions in gaining more auto refinance loans

03
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05
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2024
Employee Training

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.

03
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05
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2024
Auto Refinance Program Expanding Due to Demand During Coronavirus

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.

03
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04
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2024
Cosigner vs. Joint Loans for Cars

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.

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Starting 2021 in a New Office

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.

Resource Videos

Refinance Resources
Cartoon woman at a car repair shop

Benefits of an Extended Service Contract

Consider an Extended Service Contract when refinancing to cover repair costs and enjoy benefits like Roadside Assistance and Towing Reimbursement, providing peace of mind.
Lower your auto loan's interest rate

Lower Your Auto Loan's Interest Rate

RefiJet may secure a lower interest rate for your auto loan through improved credit, presentation to a superior lender, or due to decreased overall interest rates since your loan origination.
Cartoon woman gesturing to a sports car

Auto Refinancing With Bad Credit

RefiJet aids in finding loan options to save money and improve credit by lowering payments, rebuilding credit, and offering payment breaks, particularly for those with bad credit.
Lower your monthly auto loan payment

Lower Your Monthly Auto Payment

RefiJet may offer lower monthly payments through a lower APR due to improved credit, presentation to a superior lender, or extending the loan term.
How to pre-qualify for an auto refinance loan

Auto Refinance Eligibility

To pre-qualify for an auto refinance loan, ensure you have a verifiable income source, timely recent car payments, and possess a valid driver’s license, insurance, registration, for a vehicle less than 10 years old.
Man in a suit talking about refinancing auto loans

Refinancing Auto Loans – Your Common Questions Answered

RefiJet's Managing Partner, Reid Rubenstein, tackles auto refinancing FAQs on CBS58 Milwaukee amidst rising car prices and inflation concerns, highlighting families' nationwide efforts to save and adjust budgets.
Company Videos

Check Out Our New Office

Our auto refinance program expanded into a new office to better serve our clients and lending partners.

Project Our Town: Bean Soup

RefiJet, with Project Our Town, packaged soup with 90 employees, resulting in 4,500 pounds of beans and feeding 1,000 families for a month, including remote staff contributions.

Holiday Meals with the Backpack Society

RefiJet, in collaboration with the Backpack Society, assembled over 300 Holiday Meal boxes, ensuring less fortunate families in our community could enjoy a festive meal this season

Why Refinance Your Auto Loan With RefiJet

RefiJet's refinancing options include lower payments, reduced rates, modified terms, co-borrower adjustments, lease buyouts, vehicle protection, and payment vacation.

Designing Spaces-The Financial Episode

RefiJet helps car owners lower their monthly car payments by an average of $150 through refinancing, alleviating the stress and confusion of dealership negotiations and terminology, offering an opportunity to make better financial decisions regarding vehicle ownership.

Glossary

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ACH (Automated Clearing House)

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.

Amortization

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.

Amount Financed

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.

Annual Percentage Rate (APR)

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.

Applicant/Co-applicant

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

Borrower

The individual(s) who obtained credit from a lender and have an obligation to repay the loan. Also, please see about a Co-Borrower.

CARFAX.com

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

Collateral is the specific asset that secures the loan. In the event of default on a loan, the lender has rights to the collateral.

Consumer Reporting Bureau (or Agency)

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.

Credit Report

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.

Credit Score

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.

Debt

An amount that is owed by one party to another.

Debt to Income (DTI) Ratio

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.

Department of Motor Vehicles

A state agency that handles vehicle registration, titles, and licensing.  Sometimes called the Department of Transportation.

Depreciation

As your vehicle ages, it loses value, or depreciates, due to mileage as well as wear and tear.

Documentation Fee

Some lenders, lending programs and dealers charge a documentation fee to consumers as part of processing their purchase/loan.

Down Payment

The cash a consumer pays towards a purchase or new loan. The Down Payment is not financed.

Due Date

The monthly date on which a loan payment is due.

Extended Service Contract (ESC)

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.

Finance Charge

The cost of credit stated in a dollar amount.

Fixed-Rate Loan

A loan that has a pre-set, constant interest rate that does not change over the life of the loan.

Guaranteed Asset Protection (GAP)

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.

Interest rate

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.

Late Fee

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.

Lien

The lender has a lien, or legal claim, on your vehicle since it is used as collateral for your loan.

Loan to Value (LTV)

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.

Manufacturer’s Suggested Retail Price (MSRP)

The new vehicle sales price suggested by the vehicle’s manufacturer.

Maturity Date

The date on which the final loan payment, for the full outstanding balance, is due.

Monthly Payment

The amount due each month for your auto loan. It includes both principal and interest.

Non-Sufficient Funds Fee (NSF)

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.

Note and Security Agreement (NSA)

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.

Options

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.

Payoff Amount

Payment amount required to pay off the remaining balance on a loan.

Prepayment Penalty

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.

Principal Balance

The unpaid balance of a loan, not including interest.

Principal Reduction Payment

A payment made to a lienholder that is applied 100% to outstanding principal balance rather than towards principal and interest.

Proof of Employment

In some cases, a lender may require that your employer provides a statement or document to prove that you are employed with them.

Proof of Income

Some lenders require documentation, such as a current pay stub or tax returns, to prove your income level.

Proof of Insurance

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 Residence

Proof of your address from a document such as a utility bill or lease may be required as part of the financing/refinancing process.

Refinance

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.

Registration

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.

Sales/Use Taxes

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.

Simple Interest Loan

A loan that calculates interest based on the outstanding principal balance of the loan.

Term of loan

The length of the loan in months or years.

Title

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.

Usury Law

A regulation that defines a state’s maximum allowable interest rate on a loan.

Vehicle Identification Number (VIN)

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.

Vehicle Value

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.

Warranty

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.