A member who had previously worked with Town & Country on a First Car Loan returned, looking for another opportunity to improve their finances. When helping the member with the First Car Loan, Sidney Widdel, Financial Services Officer I, had noticed that they had several higher-rate loans.
With the member's child getting a vehicle of their own, the household was about to see an increase in auto insurance costs, so finding ways to create more room in the monthly budget had become especially important. Through refinancing, the member reduced their monthly auto loan payment from $761 to $551, saving about $210 per month. The loan term was also adjusted to provide a more manageable monthly payment, while saving them $1,229 over the life of the loan.
For this member, the refinance provided more than a lower payment. It created additional breathing room in the household budget during a time when expenses were increasing.
This is another example of how taking the time to review a member’s complete financial picture can uncover opportunities to make their money work harder for them. At Town & Country, our team is here to help members explore their options and find solutions that fit their individual needs.
If your auto loan payment feels higher than it should, or your financial situation has changed since you first financed your vehicle, Sidney Widdel is here to help you explore your options.
Whether you're considering an auto refinance or simply want to see if there may be a better option for your current loan, reach out to Sidney at Town & Country. She can take a look at your situation and help you determine whether refinancing could free up more money in your monthly budget.
Ready to see what’s possible? Connect with Sidney today!
Individual results may vary. Savings and loan terms depend on creditworthiness and other factors.
