Want to save money each month on your auto loan? Of course you do… everyone does! We’ve got a loan that accomplishes monthly payment savings that will bring a smile to your face! It doesn’t fully amortize which gives you low monthly payments that you will truly love. Plus, it also has a unique end of term Buy Back Guarantee giving you the ultimate flexibility with the final loan payment. Wait there’s more; you actually own your vehicle. Sound good so far? Well, the savings are not trivial either. Every year you could save a thousand dollars or more on your vehicle financing; those savings could pay for your gas and auto insurance!
Too good to be true? No, it’s for real. It’s residual based financing. Our auto loans are ideal for borrowers with good credit who are going to purchase or refinance a new or late model (five years or newer) vehicle. Or if you’re coming off a lease and want to buy your vehicle, you definitely need to talk to us!
What differentiates a FiWize auto loan from a typical car loan?
It’s residual based financing (doesn’t fully amortize) which means we can offer lower monthly payments on a shorter term. Plus it has an end of term Buy Back Guarantee. Really.
You pay low monthly payments until you pay the loan down to a set Future Value (or residual value) of the vehicle. Now you have choices for what to do next (see FAQ below!). We love choices and think you will too.
What is the Future Value of the vehicle?
The Future Value amount is the final loan payment that will be due at the end of the auto loan term. It is a higher amount than the typical monthly payment and will be specified clearly in your loan contract so you’ll know exactly what to expect. There are many options on how to handle the Future Value payment, in fact, returning the vehicle and not paying the Future Value is one of them! Read on.
What are my options at end of loan term?
Excellent question. Here’s our excellent answer. You have several options!
The choice is completely yours.
What if I want to get rid of the car before the end of loan term?
Not a problem. You can trade it at a dealer or sell your vehicle at any time during the loan. As with any other auto loan, the loan balance will need to be paid off. Want to payoff your loan or refinance before end of term? You can do that too.
How can I determine how much I will save with FiWize?
Start the process from the website or call us at 877-4-FIWIZE right now. We will determine your monthly payments by factoring in (among other things) total amount borrowed, vehicle age, mileage, and the current effective interest rate. Auto loans are uniquely tailored to individual circumstances. Not everyone will qualify, but find out if you do today!
