Payment Saver Auto Loan

Having a good credit score is your key to being eligible for most auto loans, and the Payment Saver option is no exception. Read more about Greater Nevada’s car loan requirements or contact us to discuss your circumstances with a member of our lending team–we’ll work with you to determine the best course of action if you don’t meet certain criteria.

If you’ve already purchased a car and want to lower your monthly payment, consider refinancing. If you haven’t purchased a car yet but want to be sure you’ll get a lower payment, consider opting for a loan with a longer term (but note that you may pay more interest in the long run).

Again, having good credit is your best friend here. Opting for a shorter term length may also help you secure lower car loan rates–not just on a Payment Saver auto loan, but on others, too.

The short answer: it depends! The longer answer: your finances, your goals, and your short- and long-term plans can all influence this decision, so don’t rush it. Use our buy vs. lease car loan calculator to see snapshots of what your monthly payments might look like, or how much interest you’d pay for the two different options.