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Driveway Financial Services is committed to helping you sell more products. We offer extended term auto, motorcycle and boat loans, and we offer "hybrid" home equity loans, which can substantially lower a consumer's monthly payment. We also offer refinance loans, which can substantially lower a consumer's current car payment and help pay for your new auto, boat or motorcycle sale. |
| Traditional versus Hybrid/HELOC Loan Examples |
| |
Traditional Loan |
Hybrid/HELOC Loan |
| Motorcycle Purchase |
84 Months @ 9.5% |
30/15 @ 7.5% |
| $30,000 Loan |
$490 / Month |
$210 / Month |
| Income Tax Savings |
|
($35 / Month) |
| Net Monthly Payment |
|
$175 / Month |
| Refinance Current Cars 2@ $25,000 Purchase Price |
| 1@ $20,898 current balance, paid 12 months |
($143 / Month) |
| 1@ $16,390 current balance, paid 24 months |
($225 / Month) |
| Net Monthly Cash Flow |
$193 Positive Cash |
| |
Traditional Loan |
Hybrid/HELOC Loan |
| Pleasure Boat Purchase |
120 Months @ 9.5% |
30/15 @ 7.5% |
| $65,000 Loan |
$841 / Month |
$455 / Month |
| Income Tax Savings |
|
($75 / Month) |
| Net Monthly Payment |
|
$380 / Month |
| Refinance Current Cars 2@ $25,000 Purchase Price |
| 1@ $20,898 current balance, paid 12 months |
($143 / Month) |
| 1@ $16,390 current balance, paid 24 months |
($225 / Month) |
| Net Monthly Cash Flow |
$12 / Month |
|
| Hybrid/HELOC Loan Advantages |
1. Lower Monthly Payment
2. Potential Tax Savings
3. Instant Delivery of Product Purchase |
Contact us to sign up as a Driveway Financial Services dealer
Submit Credit Application. |
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