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Shrewd Customer Reaps Big Savings

Savings Story

Shrewd Customer Reaps Big Savings

Jarrod N., age 33, from Bradley, Illinois, is a meticulous saver. He has a steady job as a mechanic at Nucor, the largest steel producer in the U.S., and he works with a financial advisor to carefully invest his savings in an IRA.

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Reduced Monthly Car Payment

Jarrod N.

Bradley, Illinois

2015 Jeep Grand Cherokee

Reduced monthly car payment by $250

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Background

Jarrod N., age 33, from Bradley, Illinois, is a meticulous saver. He has a steady job as a mechanic at Nucor, the largest steel producer in the U.S., and he works with a financial advisor to carefully invest his savings in an IRA.

Challenges

Jarrod is strongly motivated to invest as much of his earnings as possible to support his two young children. So when Jarrod was stuck with an 8% interest rate on his 2015 Jeep Grand Cherokee, he was determined to do better.

iLending Smart Solution

Even though it had only been about a year and a half since purchasing his truck, Jarrod began an online search for a refinancing company to try to lower his rate and came across iLending.  After reading through their website, he called the company and liked what he heard. He began working with an iLending representative and believes that things couldn’t have gone more smoothly. He calls the representative he dealt with “awesome” and especially liked her flexible communication style.

“It was just an excellent experience all around.”

Results

While negotiating his new loan, the iLending team explained its GAP Waiver policy to Jarrod and he quickly signed on. Once he understood that GAP Waiver would cover costs not covered by his regular insurance policy in the event of a total loss situation, he knew it was worth the extra investment.

Jarrod was thrilled with his iLending experience and is thankful that he now can save close to $250 extra per month for his children’s future. “It was just an excellent experience all around,” he says.

Least Amount of Hassle

Jarrod’s representative worked with him through phone, email and texting — whatever it took to get the job done with the least amount of hassle. Because he works on a so-called “flip-flop” schedule, some days and some nights, he was the one who was actually difficult to reach and she was very accommodating. “As it was,” says Jarrod, “the whole process only took a little more than a week and that’s because of my work schedule and how hard I was to reach at times.”

Jarrod N.

"Fast Process"

“As it was, the whole process only took a little more than a week and that’s because of my work schedule and how hard I was to reach at times.”

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