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Home » Extended terms driving refi applications

Extended terms driving refi applications

OpenRoad sees 60% YoY jump as consumers prioritize lower payments

Aidan BushbyAidan Bush
June 11, 2026
in Risk Management
Reading Time: 3 mins read
0
High-tech repairs, rising vehicle prices spur F&I sales jump

(Courtesy/Canva)

Specialty auto refinance lenders’ application volume has been rising as consumers extend their loan terms to drive down monthly payments. Fort Worth, Texas-based refinancer OpenRoad Lending reported a 60% year-over-year increase in applications in June as of June 9, Chief Executive Chris Goodman told Auto Finance News. “Nine out of 10 customers take the lowest […]

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