Important Information
1. Average monthly and annual payment reduction amounts and Interest rate improvement amount are based on average payment and interest reduction Jerry customers experienced between 4/1/2023 and 9/30/2023 with their new loan compared to their prior loan payments, which may result from a lower interest rate, a longer term, or both. Your actual savings may be different.
2. Viewing your auto refinance loan offers may generate a “soft” credit inquiry on your credit report. This soft credit inquiry will not affect your credit score and is only visible to you. If you choose to accept one of your offers and submit a credit application, a hard credit inquiry may appear on your credit report, which may affect your credit score.
3. Based on the average approval rate of auto refinance applications submitted through Jerry Offers Inc. between 4/1/2023 and 9/30/2023. For this period, the average approval rate for customers with fair to poor credit (credit scores 660 and lower) was 56%. Every applicant’s credit situation is different. Other factors such as debt-to-income and credit history may influence whether your application is approved.
A representative example of payment terms is as follows: a Principal Loan Amount of $20,000 (which includes a $149 document processing fee) with an APR of 13.18% and a term of 60 months would have a monthly payment of $453.46. Loan amounts range from $5,000 to $100,000. Annual Percentage Rates (APRs) range from 1.99% to 21.99% (or state maximum). Loan terms range from 36 months to 84 months. Borrowers with exceptional credit may qualify for the lowest rate available.
Your actual APR, loan terms, and savings will depend upon factors evaluated at the time of application, and may include credit score, credit history, income, vehicle value (based on year, make, model, accessories, and mileage), loan-to-value ratio, loan amount and loan term. If you choose to extend your loan term beyond your remaining term, the overall cost of your loan may be higher than without refinancing.
Auto loan refinancing may not be available in all states.
LOAN FEES: The final loan amount may include a one-time loan processing fee that will be added to your loan amount only when your loan is finalized. The loan processing fee may vary by state but will not exceed $399. If you choose to add optional GAP coverage to your loan, the GAP fee will also be added to your loan amount. Other loan origination fees, including title filing and lien transfer fees may apply where permitted. In some states a notary fee may be required. These fees may be added to the amount financed.
VEHICLE RESTRICTIONS: Refinancing is only available for vehicles that are 10 years old or newer and have 100,000 miles or fewer. Refinancing is not available for Daewoo, Suzuki, Oldsmobile, Crosslander, Isuzu, Hummer, Pontiac, Saab, Saturn, Mercury, Volvo truck, Volvo White truck vehicles, diesel Volkswagen vehicles, Dodge Neons or any commercial vehicles. Jerry Offers Inc. does not currently offer refinancing loans for RVs, motorcycles, salvaged titles. Other vehicle restrictions may apply.
JJ S.