Have you ever thought about refinancing your auto loan? With current market trends, technology advancements and the potential for increased savings, it’s something that more and more consumers are taking advantage of. In this episode of The Yield, Peter Kerr is joined by Chris Speltz for a conversation about how technology is changing the way consumers approach refinancing. Chris serves as Executive Chairman & Chairman of the Board of The Savings Group, the new parent company of RateGenius and AUTOPAY. He has over two decades of experience in the industry and has also held senior finance and managerial positions with Societe Generale and Comerica Bank.Key Takeaways:
[2:00] The aims of the merger of AUTOPAY and RateGenius.
[4:35] What can consumers expect from The Savings Group?
[8:56] Common reasons consumers fail to seek out better interest rates on their auto loans.
[11:02] How exactly to cash in on increasing equity in used cars.
[15:28] The balance between supply and demand for cars is off due to the demand for unavailable chips.
[18:07] The future of auto loan refinancing in the wake of the financial global crisis.
[20:05] The health of the average consumer has greatly improved over the last 18 months.
[24:33] What role do credit unions play in today’s thriving savings and loan landscape?
[25:46] An overview of current federal rates and their impact on consumer debts.
[31:50] A look at future opportunities that will be offered by The Savings Group.
Mentioned in This Episode:
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