rateGenius Presented by
GretschCo Shopping Emporium
RateGenius is a multi-state, web-based loan brokerage company. By hosting a virtual marketplace, rateGenius brings together qualified borrowers and competitive lenders to create the best possible financing opportunity for our
customers.
They offer:
Financing of a new or used car from a dealer, or a car at the end of a lease
Refinancing of an existing car loan
No interest prepayment penalties
Extended warranties and mechanical breakdown insurance
Credit insurance
RateGenius is licensed as a registered lender with the Texas Office of Consumer Credit Commissioner and is a member of the Better Business Bureau. All lenders in the rateGenius network are either FDIC-insured banks, thrifts or licensed lenders.
Reduce your Monthly Vehicle Payment
This example shows how rateGenius can lower your payment and save you thousands over the life of
your loan. Through the rateGenius Automotive Refinancing process this customer saved over $73.81
per month and $4,428.60 over the life of the loan.
Loan Amount - $30,000
Original Loan
New Loan
Term
60 Months
60 Months
Interest Rate
12.5%
7.5%
Payment
$674.95
$601.14
Shorten the term of your loan
In this example they will shorten the term of the loan by 6 months and reduce this customer's interest rate. rateGenius
was able to reduce their monthly payment by $13.60 per month, save them $3,434 in finance charges, and shorten the time
until their vehicle is paid in full. By doing this, the customer also has a better opportunity to build equity faster
in their vehicle.
Loan Amount - $20,000
Original Loan
New Loan
Term
60 Months
54 Months
Interest Rate
12.5%
6.9%
Payment
$450.00
$436.40
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