Auto Refinance
When you refinance a car, you replace your current car loan with a new one of different terms. In practice, auto refinancing is the process of paying off your current car loan with a new one, usually from a new lender. This process can have varying outcomes for car owners. Read more…
Most people refinance their car loans to 1) lower their monthly payments, 2) decrease their interest rates, or 3) remove (or add) someone on their loans. Let’s look at each reason for refinancing. Read more…
When can you refinance your auto loan? The short answer is whenever you want. But there are more factors at play than just timing. You must be sure the numbers work out in your favor, and you must approach a refinance with every advantage available to you. Read more…
Lease Purchase
At the end of a car lease, you generally have two options. You can either return your car to the leasing company or you can purchase it.
Buying a leased car is different than buying a new or used car with which you have had no previous connection. Not only do you have knowledge of your leased car’s history (because you have been driving it) but you have a few financial considerations that are unique to car lease buyouts. Read more…
At the time, leasing a car sounded like a great deal: You got to drive home in a brand-new car for far less than you would have paid if you bought it outright. And in two or three years, you get to return it the dealership, buy it, lease a newer model, or just walk away. Great! Read more…
Your car lease agreement likely requires you to pay a fee or two at the end of your car lease. These fees are related to what you choose to do when your lease ends. If you hand your leased vehicle back to the leasing company, you will likely pay one fee, and if you purchase your leased car, you will probably pay a different one. Here are three end of lease fees you may have to pay. Read more…
Company Car Purchase
If your employer has company cars, you may have the option of buying one when your employer or its fleet management company removes vehicles from its fleet. You may have the option of purchasing a company car that you have been driving, or you may be able to choose another one from your employer’s fleet. Read more…
A fleet of vehicles is a group of vehicles owned by an organization as opposed to an individual or a family. A company, nonprofit, or other institution may own vehicles for various reasons, such as to conduct its business, to rent or lease them to other companies or individuals, or to provide employees with cars as a benefit of employment. Read more…
General Auto Finance Education
When you take on a car loan to buy a car, your lender purchases the car for you and allows you to pay it back over a period of years. Essentially, the lender gives you the service of using its money, and in exchange, you compensate the lender for its services by paying interest. Read more…
You probably know that your credit score is important for getting a loan. However, your credit score is not the only factor that banks and other lending institutions look at when considering you for a loan. Lenders typically look at four primary factors when considering your loan application. They are… Read more…
A loan to value ratio, or LTV, is simply the ratio of a loan amount to the market value of the asset to be purchased with the loan. LTV is a measure of risk. It describes how much of a loan is backed up by real world value. Read more…
Read more information from Tresl
Innovative Funding Services Corporation d/b/a Tresl® is part of The Savings Group. Tresl is a registered trademark of Innovative Funding Services Corporation.
© The Savings Group, Inc., All Rights Reserved
Texas Motor Vehicle Dealer License #P169185
