Cash Back – Secured Auto Loan

Cash Back – Secured Auto Title Loan

With an auto loan, you are borrowing against your vehicle. The lender holds the title and files a security interest (called a lien) with the state as collateral for the loan. When you initially bought your car, the lender sent the dealer a check to pay for it.

With a cash back secured auto loan from Flatiron Finance in Colorado, (sometimes called a title or equity loan) the lender sends the check right to you. You don’t have to own the vehicle outright. The amount of cash back available in your Colorado secured auto refinance loan will depend on the amount of equity you have in your vehicle. (Equity is the difference between what you owe and the value of the vehicle.)

Our clients in Colorado have used this car refinance strategy to do things like pay off higher interest credit cards, cover unexpected expenses, or simply to borrow at more favorable rates than typical unsecured or credit card rates with a Colorado secured auto loan.*

Example: Vehicle Value = $19,300. Current Vehicle Loan = $12,500. Equity = $6,800.

In this case after paying off the current vehicle loan there was up to $6,800 available cash back. The customer refinanced his truck to lower the interest rate. He used the cashback to pay off an even higher interest rate motorcycle loan, which he now owns free and clear, and still has a much lower single monthly payment. A very good example of a very good use of an equity loan from Flatiron Finance in Colorado.

auto refinance loan process

The sooner you start, the sooner you save, and with a Flatiron Finance secured auto refinance loan, you will be on your way to big savings.

“My son’s student loan was at 7.9%. My jeep was almost paid for, so I asked for $10,000. I got the loan at 3.9% and paid off the student loan. We also added my son to the jeep loan so he’s building car credit too. I wish I had known about this years ago. Thanks again.”

– Ursula M.


Flatiron Finance provides unparalleled online auto refinance loan service throughout Colorado including Denver, Colorado Springs, Pueblo, Loveland, Fort Collins, Greeley, Grand Junction, Boulder and Longmont.