OpenRoad Lending customers save more than $200M in combined auto loan payments by refinancing

FORT WORTH, Texas - Nov. 18, 2015 - PRLog -- (November 18, 2015) - OpenRoad Lending, a Direct-to-Consumer auto finance company, today announced that it has crossed the $200 million in customer savings mark for consumers who refinanced their existing auto loan.

"We are excited to offer an easy online auto refinance solution that helps consumers across the country save money.  On average we are saving customers over $100 per month on their existing auto loans which adds up to thousands of dollars saved over the life of the loan" said Chris Goodman, President and CEO of OpenRoad Lending. "Refinancing your car loan is a great way for customers to keep more of their hard earned money instead of paying a higher interest rate or higher payment to their current lender."

Auto refinance is becoming more common as consumers become aware that they can refinance their auto loan just like they would a mortgage loan but typically with a lot less paper work and no out of pocket expense.  “The OpenRoad Lending refinance process is easy to complete.   Customers simply go online either with their computer or smart phone and complete a short, 3-minute application. Typically within 24 hours of completion, the consumer can then choose the best refinance options to meet their needs. Whether it is to shorten the remaining term in order to pay the loan off sooner or a lower rate and monthly payment, OpenRoad has options to fit any auto refi need.”  Goodman said.

"Our OpenRoad team works hard to be able to provide a complete online solution so customers can complete the entire refinance process in the comfort and privacy of their own home and we are excited to have crossed over a combined $200 million is total savings for our customers.”  Goodman said.

About OpenRoad Lending

OpenRoad Lending, headquartered in Fort Worth Texas, is an online Direct-to-Consumer auto finance company.  Recognized by Inc. Magazine as the 37th fastest growing private company in America as well as a “Best Place to Work” company by the Dallas Business Journal, OpenRoad Lending offers auto finance solutions to consumers with all types of credit in 38 states across the USA. OpenRoad Lending’s online application and approval process enables consumers to apply for financing in the comfort and privacy of their own home at OpenRoad’s website www.OpenRoadLending.com.  OpenRoad’s auto finance products include refinance, cash-out auto refinance loans and new and pre-owned vehicle purchase.  Customers who refinance with OpenRoad Lending save an average of more than $100 a month.

Contact Don Chapman for additional information at 214-393-2224.