Congratulations on your new vehicle and since you’ve had your vehicle for a few months OpenRoad Lending is offering customers the opportunity to refinance their auto loan. If you received an offer in the mail from OpenRoad Lending to refinance your auto loan then you’re already pre-qualified and a new deal is waiting for you. All you have to do is take the next step by completing the online application at www.betterrateandpayment.com to learn what your new interest rate and monthly payment will be.
On the offer you received in the mail ORL listed a preliminary report of your restructured auto loan with side by side comparisons between your current loan and their restructured loan offer. On most auto refinance offers it is advertised that ORL can save customers on average $100 in monthly payments and lower their interest rate significantly. A $100 savings per month in payments adds up to $1200 annually in total savings.
When completing the online application customers will need to have the following information handy:
- offer code from the letter you received in the mail
- vehicle year, make, model
- vehicle VIN
- current mileage
- residence monthly payment
- job title
- monthly income
- personal info: name, address, social security number, email address
The online application takes a several minutes to input the necessary information then afterwards a determination will be made based on the information you inputted. Determinations are made as fast as 1 hour or it may take beyond a day. You will be notified once all of your information has been reviewed and assessed by the Loan Care agents.