#Open road lending verification
#Open road lending free

Caught up in the thrill of getting a new car, many buyers take the first loan offered by the dealership and later realize they got a poor deal. While that may be true in many cases, it’s crucial that you understand the refinancing process before you commit to a new car loan. You may have heard advertisements boasting of the money you could save by refinancing your loans with a new lender.

#Open road lending verification

Verification of Residence – this is proof of your physical address (this is done by providing a utility bill showing your current address)Īuto refinance options are offered by a wide range of lenders.

Verification of income (proof of your monthly income – typically this is done with your most recent check stub from your employer).

Note: Any person being removed from the title must sign the documents at closing.Ī Power of Attorney (POA) is required in order for us to complete the title workĪdditional Documents that may be requested:

The account number for your current car loan.

The lien holder’s name (this is the bank or lender to which you are currently making payments).

Any vehicle features and special options (power windows, sunroof, etc).

Vehicle mileage–must be under 140,000 miles.

Vehicle make, model and year–vehicle must not be more than eight years older than the current model year.

Having these documents ready will help make refinancing your car loan easier and faster for you to be on your way to saving!ĭuring the loan process, you’ll be asked to provide the following information about your car and your current car loan: Here’s what you’ll need to refinance your car loan. Pay Your Car Loan Off Early Your Refinancing Checklist What to Do When You are Upside Down in a Car Loan Additional Auto Refinance Related Articles:Īuto Loan Rates are Low So Refinance and SaveĪuto Loan Refinancing – Another Choice to Save MoneyĬar Refinancing – A Smart Option for Saving Visit the Car Refinance Learning Center where you will out everything you need to know to get on your way to refinancing. The process only takes a few minutes and could save you thousands of dollars in unnecessary finance changes.

No commercial vehicles and/or vehicles for business use.

Depending on your credit, exceptions up to 175% can be made

Maximum LTV (loan to value) cannot exceed 120% of the wholesale value of the vehicle.

Vehicle needs to be eight model years old or newer.

Current mileage cannot exceed 140,000 miles.

The vehicle you wish to refinance must have an existing loan with another financial institution.

What kind of vehicles can I refinance with OpenRoad Lending? See auto refinance savings examples here.

If you love your car but not your payment, car refinancing is right for you.

#Open road lending free

Take advantage of our low rates in case you need to free up cash each month. Refinancing is a great way to lower your monthly payment. Our expertise and lending partners are here to assist you in improving your financial situation. OpenRoad Lending has simplified the auto refinance process to help you save money each month on your monthly payment. Get a quick decision with no application fees.

Lower your car loan payment by taking advantage of our low rate auto refinance loans. It’s Time to Put Your Auto Loan Payment in Reverse SM and start paying less every month…