Auto Finance Company’s Auto Refinance Applications Increase 42.5% at myAutoloan.com
March 31, 2008 (PRLEAP.COM) Business News(PRLEAP) myAutoloan.com operational data analytics has shown a 42.5% increase in Auto Refinance applications in the last 90 days, ending in February 2008.
Based upon the recent Federal Reserve’s lowering of the prime rate, we have seen the best auto loan rates drop and the application volume increase,” commented Greg Thibodeau, Chief Executive Officer of myAutoloan.com.
He continued, "myAutoloan.com provides our customer base with multiple car loan offers so they can review, compare and select the auto loan offer that best meets their needs, and that’s empowering. The site offers visiting auto refinancing customers to myAutoloan.com real value with real lenders providing real loans, in real-time, all online."
Smart auto Owners are Looking to Auto Refinance to Save Money
More and more, smart auto owners are looking to auto refinance in order to save money. With the increase of national online auto refinance loan
lenders, shopping for auto refinancing is easier than ever, and with fluctuating interest rates it's a great time to refinance your automobile.
When should you Refinance your Auto? Auto Refinance Made Easy
Thibodeau when on to say, “First, you need to consider what your personal objective is and how this decision will fit into your financial goals. If your objective is to reduce the amount you are paying in interest, you may want to consider a refinance auto loan with the same or reduced term as your existing loan. If your goal is a smaller payment, you may want to consider extending the term remaining on your existing loan, although this may increase the total interest paid over the life of your loans.”
“Regardless of your objectives,” explained Thibodeau, “it never hurts for you to consider the options and getting multiple loan offers is one way to cut through all the clutter fast. “Auto refinance is quick, easy and can save you money now that rates have declined.”
Horizon Digital Finance, L.L.C. (myAutoloan.com is a registered trademark of Horizon Digital Finance, L.L.C.) began operation in 2003. The company is a privately held, direct-to-consumer, internet-based financing marketplace that helps consumers take control of the research, finance and buy processes for Auto Loan, Auto Loan Refinance, Private Party Auto Loans and Auto Lease Buyout Loans. Offering a wide range of products and services to simplify the search for information and funding alternatives, consumers are provided with a secure, confidential process to obtain up to four loan offers. Horizon Digital Finance facilitates the matching of lenders based upon customer needs via proprietary analysis and evaluation that is called "Preferred Placement®."
For more information about myAutoloan.com please visit myAutoloan.com