Flatiron Finance: All about Refinancing.

Nowadays, there are so many bills to pay. Sometimes, the paychecks we receive are not as big as we would like them to be, what with taxes being taken out, amongst other things.

Even when we feel like we are being paid well, our money sometimes arrives in chunks—whether we are paid weekly, bi-weekly. monthly, or paid by the project. And, for those working for themselves, they know that not all clients are the best about paying on time.

When these sorts of delays occur, don’t you wish there was a way you could slow down the payments that you have to make on your end?

Flatiron Finance is part of the solution—at least when it comes to auto refinance.

In case you aren’t sure what refinance is: refinancing is getting a second loan to pay off the first loan.

Auto refinancing aims to get you a better deal than your current auto loan. Auto refinancing will get you a loan with better interest rates, thus resulting in lower payments. Auto refinancing gives you the flexibility to lower your monthly payments and extending your loan terms, and thus can take the pressure off of your current financial situation, whatever it may be.

Because you don’t have to pay as much as you are paying for your car right now—you do have better options, and we at Flatiron Finance are available to help you as soon as you are ready.
Flatiron Finance is here to help educate you about car loan refinancing, Colorado! We want to help you get a loan for auto refinance that works for you—an auto refinance loan that will make your life and finances a bit more manageable.

Flatiron Finance wants to spend this blog giving you an explanation about how a lease buyout works. We know there is a lot of jargon that can be confusing, but we want you to know it isn’t as complicated as it seems. Not to mention, the benefits far outweigh the challenge it may take to understand.

How does a lease buyout loan work?

A “lease buyout loan” gives you the money you need to buy your currently leased car. This loan takes place either at the end of your lease or before the end of your lease, as an alternative to returning it as originally planned. The benefit of taking out a lease buyout loan is that it helps you to avoid penalty fees for wear and tear, exceeding miles and also means that you have a vehicle you are already familiar with in the process.

But—like any other purchase—there are questions you should consider the answers to before you go ahead and make your purchase.

Things to think about when financing a lease buyout:

  • How much has the value of your vehicle depreciated?
  • What is the car’s market value?
  • How much are your “end of lease” fees?
  • Are there any purchasing fees?

What Flatiron Finance can do for you:

When you leased your vehicle, the contract included a number of options for termination at the end of your lease. Normally these include the ability to turn the vehicle in and walk away, buy it to trade it, or buy it and keep it.

Many consumers are not aware that there is often more than one payoff quote available, and that the equity and sales tax consequences of making the right choice can be significant. Thoroughly understanding the financial implications of each is important to making an informed decision.

Our lease termination specialists, based out of our Colorado offices, will be happy to help with your Colorado auto lease buyout. If buying and financing is the right choice for you, we can handle all of the same tax, title, and finance arrangements as the dealer, often at substantial savings.

Call Flatiron Finance today to learn more about getting a Lease Buyout Finance Loan, and any other options we would be happy to talk to you about.