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Press Release

Outside Financial Brings Much-Needed Transparency to Auto Lending

To prevent the average consumer from being charged more than $1700 in hidden markups on auto loan packages, Outside Financials opens an independent loan marketplace to facilitate transparency in auto lending and auto refinance.

Midlothian, VA (PRUnderground) November 6th, 2018

For many consumers, the financial world is difficult to navigate. Especially understanding auto interest rates. Lack of transparency in many industries can create serious issues and end up costing consumers far more than they bargained for. Fortunately, a new company called Outside Financial has opened its virtual doors to the public in order to provide that transparency and help consumers navigate auto loans. With their help, consumers save anywhere from $1000 to $3000 on their loans, on average – along with precious time and energy – when they choose to shop for a car loan online or an auto refinance.

Educating Borrowers is the Primary Goal

Roughly 60% of auto buyers are unaware that they can secure their own financing outside of a dealership and bring that financing with them when they shop. When it’s considered that some $568.6 billion in loans were taken out in the US in 2017 alone, the number of unaware buyers paying more than is necessary to secure their loans – and paying more fees over the lives of those loans – is staggering. In fact, the Outside Financial Market Index found that, on average, those who buy new cars pay $1717 in hidden charges and markups when they secure their loans from dealerships.

Per the CEO of Outside Financial, Jon Friedland: “Auto loans are far less transparent than other loans like mortgages, to the detriment of consumers, and it’s reached a breaking point. Consumers deserve a simple, fair, and transparent auto loan experience.” That’s exactly what Friedland sought out to provide with Outside Financial. With three lender partners offering vehicle service contracts and GAP waiver products at launch, it is clear that the company truly does put consumers first, whether they are shopping for a first-time loan or a car refinance online.

Easy to Use

Outside Financial also designed their website to be easy to use whether they are securing new financing or refinancing an existing loan. After filling out the quick, easy application, consumers can view up to three loan offers that they can customize by altering the term, APR, and monthly payment to suit their individual budgets. This has no impact on consumers’ credit scores, and thanks to the built-in Outside Financial calculator, consumers can see just how much they’ll save based on the average cost of new loans and exact figures for a car refinance online.

Sonia Steinway, the co-founder and president of Outside Financial, said, “Cars are the second biggest purchase most Americans ever make, but it’s more difficult to shop for financing than for price, make, model, or color. We want to empower consumers to make smart decisions and find the right loan package for themselves.”

To learn more about Outside Financial, hidden markups in the auto finance industry, or to check your rates, visit their website today or give them a call at 1(888)-6GO-BEAR Monday through Friday from 9am to 8pm Eastern time.

About the Company: Outside Financial was designed to take the mystery and hidden fees out of auto financing. The goal is to help shoppers become better informed while finding a specific loan product that best meets their needs. While not a direct lender, Outside Financial carefully vets and selects its partner lenders based on rigorous criteria, allowing consumers to explore their options, choose the one that’s best for them, and even include vehicle and credit protection products at a great price. For more information please visit https://www.outsidefinancial.com.

About Outside Financial

Press Contact

Name: Outside Financial
Phone: 917-865-3855
Email: info@outsidefinancial.com
Website: http://www.outsidefinancial.com/

Original Press Release.

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