Auto Financial Group noted that Experian's latest Q2 data shows auto loan refinancing is picking up steam, with consumers who refinanced saving an average of $83 per month, dropping from a 10.40% original rate to 7.97% over 26 months.
Published
Signal category
Research & Knowledge
Quote
“Experian's latest Q2 data shows auto loan refinancing is picking up steam. Consumers who refinanced saved an average of $83 per month, dropping from a 10.40% original rate to 7.97%, typically around 26 months into their loan.”
— Auto Financial Group team
Company
Auto Financial Group
Provider of online, residual based, walk-away vehicle financing and vehicle remarketing solutions
- Industry
- Financial Services
- Location
- Houston, US
- Company size
- 26 employees
Auto Financial Group (AFG), a Houston-based company established in 1999, provides an online residual based vehicle financing product called AFG Balloon Lending and vehicle remarketing to financial institutions across the United States. The AFG Balloon Lending vehicle financing program provides the advantages of lower payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative and AFG manages the entire end-of-term process. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest number of buyers. For more information about AFG call toll free at 877-354-4234, or visit www.autofinancialgroup.com.
Founded 1999