The

Dealership

Advantage

Interest rates are lower than ever. If your auto loan is several

years old, it’s time to reevaluate. There has never been a better

time to refinance.

Unsure about your eligibility? Ask yourself these key questions:

1. Would a similar loan today offer a significantly lower rate than

you currently pay?

2. Is your credit score higher than it was at the start of your

current loan?

3. Does your current loan have a term of 5 to 8 years?

● A 36-month used car loan is

typically offered today at 5.47%

(Bankrate).

● In late 2008, a commercial

lender’s 48-month new auto loan

would have averaged 7.06%.

● Today, a 48-month new car loan

carries an average rate of 4.89%.

If you answered YES to the question above, you are a great candidate for refinancing.

● A new loan could be saving you money,

especially if your credit score is higher than

when you originated your current auto loan.

● Refinance loans require good credit,

however, the criteria are significantly less

demanding than those for home loans.

● Today’s top auto loan rates require a

minimum FICO score of 720 or more. The

national average payment of $747 on a 36-

month loan for $25,000 would climb to $828

per month for a FICO score between 620

and 659.

If you answered YES to the question above, you are a great candidate for refinancing.

● Auto refinancing is the right choice for

you if your auto loan has a term of 5 to 8

years.

● Part of that monthly payment is interest.

Do you know how much? A longer-term

loan may seem to offer a lower monthly

payment, but over the term of the loan,

the total interest paid is much higher.

● Think about refinancing at a lower

interest rate, for a shorter term. Your

monthly payment may not decrease, but

you will pay significantly less interest over

the life of the loan.

If you answered YES to the question above, you are a great candidate for refinancing.

● Auto refinancing is a new loan to pay off your old

loan, with better terms.

● The lender pays off the old loan and gives you a

new loan at a lower interest rate, based on

today’s market.

● Refinancing is a great option as you near the end

of a lease, if you decide to purchase the vehicle.

● Your credit score, also known as your FICO Score,

is produced by Fair Isaac and Company (FICO).

● FICO pulls together three credit scores, one each

from Equifax, TransUnion, and Experian, and

combines them for one result.

● FICO Scores can range between 300 and 850. The

higher the score, the better your credit rating.

● Information from a variety of sources on your credit

report goes into calculating your FICO Score, in

order to assess your credit risk.

● Lenders base loans on the FICO Score to assess

their risk in loaning you money.

● Advantage: you are currently a valued

customer at Desert Sun Auto Group.

● Advantage: get the best possible refinancing

deal through Desert Sun and enjoy the same

great customer service you’ve had since day

one.

● Advantage: drive the same great Desert Sun

vehicle at a more affordable cost.

● Advantage: come back to Desert Sun for a

great deal on your next vehicle.

● Refinance to a new, lower interest rate

auto loan with Desert Sun and drive away

smiling.

● Enjoy the feeling of a better deal each

time you make a monthly payment.

● Stay motivated to make payments on

time, keeping your FICO score high or

even raising it.

● Come back to Desert Sun Auto Group for

regular maintenance check-ups and

service, and protect the value of your car.

Desert Sun Auto Group’s huge selection of

vehicles makes the car buying process as

quick and hassle-free as possible.

Our Service and Parts Departments are open

extra hours, so your hectic schedule is easily

accommodated. Desert Sun Auto Group makes

customer satisfaction a top priority in every

aspect of the business.

Desert Sun Alamogordo

3333 N White Sands Blvd.

Alamogordo, NM 88310

Phone: 888-370-9444

Web: www.desertsunmotors.com/