Refinance your existing auto loan from another financial institution with Skyla at no additional cost to you! You could get up to 1% APR1 reduction!
Refinancing an existing mortgage to lower your interest rate and / or change the term can help lower your monthly payments. A good rule of thumb? If the total closing costs (roughly 3% of the new loan amount) can be made up in your monthly payment savings within the first 12 – 24 months of the new refi, then go for it. Not possible? Let's find another way to save you some money.
Quick example: If your closing costs are $4,800, then your new monthly payment should be at least $200 less than your current monthly mortgage payment. How did we figure that out? $200 x 24 months = $4,800. Ta da!
If you’re carrying a balance on any non-Skyla credit cards, you can transfer those balances onto a Charlotte Metro Visa Platinum or Platinum Rewards credit card – for free! You’ll receive an introductory rate of 0% APR1 for the first 12-months3.
Why does that help? You won't be accruing additional interest on the transferred balances, making your payments more impactful and giving you time to create that debt paydown plan.
Shopping around on your car or property insurance can save you more! Do some research, request a few quotes, and snag the best rates.
You may be eligible for our Skip-A-Pay program! Use the money to catch up on other loans and bills or add a little extra cushion to your savings.
1APR = Annual Percentage Rate.
2Please review our current rate list for the lowest Steal the Car Loan rate available. Rates shown are for qualified borrowers only. Existing Skyla auto loans are not eligible.
3During the first twelve (12) months from account opening, the rate for purchases and balance transfers will be 0.00% Annual Percentage Rate (APR). After the twelfth (12) month, your balance for purchases and cash advances will adjust to the rate in your credit card agreement. As of the first day of each month, the APR for variable rate Visa credit cards ranges from 7.65% to 17.95%. This rate will change with the market based on the Prime Rate. Rates are subject to change without notice. APR may vary depending on a review of your credit score and other underwriting factors. Balance transfer amounts may not exceed your approved credit limit. Standard underwriting terms and conditions apply.
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