Trending auto loan rates in 2020 were at historic lows. Today, however, loan rates have more than doubled. This fact has pushed the loans terms from 60 to 72, 84 and even longer because payments are beyond the average consumer’s comfort level. Today, about 48% of households have credit card debt.

 

For these reasons, AutoLine has pioneered an equity balloon loan calculator called AutoCash Balloon Loan Program. Unlike conventional leasing or balloon loans, AutoCash end balance is conservative, so the customer owns the vehicle, has affordable payments, and equity at the end of the loan term. AutoCash balloon loan program is for customers who want to own their vehicle, but desire a low payment compared to a conventional loan.

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Our proprietary web-based calculator is available for frontline direct loans and dealer F&I manager indirect lending as well. For a demonstration, please reach out and ask for Clint Papesch at clintp@AutoLineAC.com, or 440-247-3012.