SpringboardAuto.com has added refinancing to its auto loan offerings. The company offers approved borrowers a completely digital experience, through which they configure selected loan terms to meet their individual objectives through the application process, according to a release yesterday.
“We educate buyers up front on interest rate, loan duration, and even include a slider tool to help them see how more or less money down changes the terms of the loan,” Chief Executive Jim Landy said in the release.
SpringboardAuto launched in December 2015 with financing for private-party sales. “There is a significant number of cars sold each year through private party, and we saw an opportunity to de-risk those transactions,” Landy previously told AFN.
The company, which operates in six states, will offer refinancing in Florida, Arizona, and California.