I’ve been to several lenders to try and refinance my car loan, but I’ve only ended up with disappointments because the rates they were giving me are just not acceptable. I didn’t see the purpose of switching from my current car loan that was costing me 25%, only to be charged 23% by another lender. The lenders that I was trying to work with were just not lowering the rates enough for me, so I continued paying on my car loan for another six months before I decided to try again. I’m glad I waited six more months because it paid off.
It was Ignition Financial who helped me to find the exact loan that I was looking for. Within the six months that I had continued paying on my car loan, the company I was paying had been reporting to the credit agencies, which boosted my credit ratings. The boost was enough to allow me to get better rates when I went to Ignition Financial, but I also have to admit that they were a big reason why I got better loan terms. They were able to look at several lenders and let me know which ones would be best for me.
I didn’t even have to go into their office to get started because it all started with their online application. When I got some great news from them about them having lenders that would work with me, I went down to their offices to see what they had to offer. One lender was offering 20% interest, but I finally settled on a lender who would only charge me 18% interest, which was still much lower than the 25% interest rate that I was paying on my previous loan. I eagerly signed the paperwork and knew that I finally was going to slash my payments significantly each month.
I even decided to sign up for the coverages that they have to protect my car, and now I have a lot less to worry about because my tires are covered, maintenance is covered, and I like that my loan will be paid off in the case that something happens to my car that’s irreparable. I had no idea that such coverages existed, but I was turned onto these warranties when I went to Ignition Financial. Not only have I saved a significant amount of money each month by working with Ignition Financial, but I now have all the protection that my car needs.
I pay a separate fee for the extra coverages, but it’s worth it when I know that my car is protected. I had no idea that if my car was ever totaled that my insurance company was likely to only pay what the car was worth, which may not cover my full loan amount, which means that the difference would come out of my pocket. Having the extra coverage prevents me from having to pay anything out of pocket for my car loan in the event of the car being totaled.