North Richland Hills, TX (June 10, 2013) – OpenRoad Lending, an online Direct-to-Consumer auto finance company, today announced that it has crossed the $60 million in savings mark for consumers who refinanced their existing auto loan.

“We are pleased to offer an easy online auto refinance process that helps consumers across the country save money. On average we are saving customers over $100 per month on the existing auto loans which adds up to thousands of dollars saved over the life of the loan” said Chris Goodman, President and CEO of OpenRoad Lending. “Whether you are struggling to make ends meet or just like the idea of putting more money back in your pocket, refinancing your car loan is a great way for customers to keep more of their hard earned money instead of paying a high interest rate and payment to the lender – over $60 million saved and counting.”

Auto refinance is becoming more common as consumers become aware that they can refinance their auto loan just like they would a mortgage loan but typically with a lot less paper work.  “The OpenRoad Lending refinance process is straight-forward and easy to complete.  “Go online anywhere you have internet access and complete a short, 3-minute application. Within minutes of completion, the consumer can choose the best refinance options to meet their needs whether it is to shorten the remaining term on their car loan and get it paid off sooner and/or get a better rate and lower their monthly payment with a similar term, OpenRoad has options to fit any auto refinance need.”  Goodman said.

“We provide a complete online solution so customers can complete the entire refinance process in the comfort and privacy of their own home.   Some consumers even qualify to get cash back when refinancing which can be used to pay off high interest rate credit cards or anything else the consumer wants to use it for.” Goodman said.

About OpenRoad Lending

OpenRoad Lending, headquartered in North Richland Hills, Texas is an online Direct-to-Consumer auto finance company.  OpenRoad Lending offers auto finance solutions to consumers with all types of credit in 35 states across the USA. OpenRoad Lending’s online application and approval process enables consumers to apply for financing in the comfort and privacy of their own home at OpenRoad Lending’s website at www.OpenRoadLending.com. Once approved the customer downloads and prints their OpenRoad eCheck that they take to the dealership and use like cash. OpenRoad’s auto finance products include new and pre-owned vehicle purchase, auto refinance and cash-out auto refinance loans.

Consumers who refinance an auto loan with OpenRoad Lending save on average $100 per month on their car payments. Similar to a mortgage you refinance, consumers now have the ability to do the same with their existing car loan.