Flatiron Finance: The Secured Auto Loan.

Need cash now?

A Secured Auto or “Title” Loan may be the way to go. And yes—you get to keep right on driving your car.

With a cash back Secured Auto Loan from Flatiron Finance in Colorado (sometimes called a title or equity loan)  you don’t have to own the vehicle outright, and you get to keep right on driving it while you’re making payments.  

The amount of cash you can borrow with your secured auto refinance loan will depend on the amount of equity you have in your vehicle. (Equity is the difference between the value of the vehicle, and the amount of any outstanding loan.)

Example: Vehicle Value = $19,300 minus the current vehicle loan payoff of $12,500 leaves $6,800 in available equity. That’s $6,800 coming right to you to use any way you want.

Paying off higher rate loans, credit cards, or covering the cost of something unexpected like a new furnace or other emergency are common. In a more creative situation, a customer refinanced his higher rate truck loan and used the cash back from equity to completely pay off his high interest rate motorcycle loan. He now has a single loan with a lower rate and payment, and the motorcycle is paid for free and clear, title in his pocket.  A great example of a very good use of an equity loan from Flatiron Finance indeed.

Call Flatiron Finance today and we’ll walk you through getting your cash back secured auto loan today.

Whatever the reason for the higher rate on your auto loan, you certainly don’t have to keep paying it for the whole term.

There are two reasons to consider re-financing:

First, if you recently got the loan, it’s always a good idea to get a second opinion to be certain that there is not a better available rate. Refinancing can be a one-stop shop, but, you want to make sure you are getting consistent answers across the board before you commit to your payments each term.

And second, if you have been paying that higher rate for a while and your credit has improved—you definitely want to lower the rate. Your credit score has a major impact on how much interest you are expected to pay on your car loan, amongst other things.

Even if you are comfortable with your current payment there is no reason to keep sending the bank all of that extra interest every month—the savings can easily be thousands of dollars over the lifetime of your loan.

Flatiron Finance is here to help you maximize your finances, and get the loan rates that you deserve. We are a company who will help you to look at your entire financial portfolio, and come up with the decisions that will benefit you the most in the long term and immediately.

Refinancing is as easy as completing a Colorado auto refinance application  online, reviewing your options, and then signing your new loan online.

So when you are looking to find auto refinance Colorado, Flatiron Finance is here.  

If you are looking to contact a car refinance company, Colorado—call Flatiron Finance today and let us help you get your refinancing back in order.