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Home > Personal Services > Loans > Ways to Finance

Three Ways to Finance Your Next Vehicle

Residual Based Financing

Conventional Loan
Simple Interest Financing
Payment Saver Loan
Residual Based Financing &
Simple Interest Financing
  • Up front cost
  • Locked in terms
  • Early termination fees
  • Renter not an owner
  • Increased insurance premiums
  • Typically limited to new models
  • Personal property tax (state specific)
  • No tax credit for trade (state specific)
    *mileage restriction and wear & tear apply





  • Often longer term to afford payment
  • Risk of unexpected depreciation
  • Increased negative equity risk
  • Early trade out is limited








  • Guaranteed future value at end of term
  • Protection from unexpected depreciation
  • Reduces negative equity risk
  • Rights of ownership
    • Flexibility during and at end of term
    • Titled in your name
    • Trade at anytime
    • Sell at anytime
    • Refinance or Payoff at anytime
    • No early termination fees
  • Payments are lower-based on difference between residual and total amount financed
  • Lower payments allow more options for asset protection
  • Easy "walk-away" option at end of term
    *mileage restriction and wear & tear apply


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