Our Payment Saver Auto Loan gives you another way to finance your next vehicle. By moving a portion of your loan balance to a final balloon payment, you can enjoy a lower monthly payment during the loan term than with traditional auto financing.
When the term ends, the remaining balloon balance will be due. Depending on your situation, you may choose to pay the balance, refinance it, or trade in your vehicle.*
A Payment Saver Auto Loan can help lower your monthly vehicle payment by deferring a portion of the loan balance to a larger final payment at the end of the term.
Select an eligible vehicle and loan term. Your amount financed, interest rate, term and final payment amount will determine your monthly Payment Saver payment.
Financing built around your purchaseBecause a portion of your loan balance is deferred until the end of the term, your scheduled monthly payments may be lower than with comparable traditional auto financing.
More room in your monthly budgetAt the end of the loan term, the remaining Payment Saver balance becomes due. You can plan ahead and decide which available end-of-term option best fits your needs.
A larger final payment is requiredThis example shows how deferring a portion of the balance can reduce the scheduled monthly payment.
This example is for illustrative purposes only and is not a loan offer. Actual APR, payment, final payment amount and terms depend on the vehicle, amount financed, credit qualifications and other underwriting requirements. The final payment remains the borrower’s responsibility. Refinancing is not guaranteed.
