Austin, TX, May 05, 2007 --(PR.com
)-- Buying a car can be an overwhelming experience, and often times people end up paying more for the vehicle than necessary. However, refinancing your auto loan is becoming more common and can potentially save car owners thousands of dollars over the life of their loan.
Companies such as rateGenius Loan Services specialize in automotive refinancing, and offer great savings to your monthly budget. RateGenius customers, on average, save $65 off their existing car payment, and an average reduction of 3.67 percent off of their previous auto loan interest rate. This type of savings begins to add up.
“Typically with refinancing, you will have a new lender for an existing loan which often means you’ll receive a better interest rate," explains Chris Brown, CEO of RateGenius. "With a new loan you can skip a few payments, add or remove a co-applicant if you have one, add products (such as GAP insurance and extended warranties) and extend the payment term."
RateGenius makes the auto refinance process easy by offering an online application at www.rategenius.com, or customers can apply over the phone via the company's toll free number, (866) 728-3436. RateGenius matches customers based on their qualifications with a lender from the company's lender network to find the best solution for each individual situation. RateGenius has partners with numerous lending institutions providing customers with one of the most financially stable and diverse lending networks in the industry. The entire auto refinance process can be completed as quickly as two days.
"Your customer service was excellent," says E. Villarreal, a customer from Houston, Texas. "Your friendliness and helpfulness are the things that stand out the most. Having those two qualities in a business can lead to many good things."
RateGenius has funded over 34,000 loans since 1999, and is currently serving customers in 40 states.