Way.com Teams Up with Sea Air FCU for Affordable Auto Loans
![Way.com Teams Up with Sea Air FCU for Affordable Auto Loans](https://investorshangout.com/images/blog/ihnews-Way.com%20Teams%20Up%20with%20Sea%20Air%20FCU%20for%20Affordable%20Auto%20Loans.jpg)
Way.com and Sea Air FCU Partner to Ease Car Loan Stress
High interest car loans pose a significant challenge for many consumers, especially when faced with escalating living costs. Refinancing these loans can alleviate some of the financial pressure, allowing families to balance their budgets more effectively.
In 2023, Way.com launched an auto refinance program aimed at making car ownership more affordable across the nation. By collaborating with credit unions, they strive to offer competitive rates to those looking to reduce their monthly expenses.
Expanding Opportunities for Affordable Financing
Michael Pardon, CEO of Sea Air Federal Credit Union (FCU), emphasizes their commitment to supporting low auto rates and maximizing savings for their members. He stated, "We are looking forward to our new partnership with Way that will expand these opportunities." Way's Executive Vice President of Auto Finance & Insurance, Tom Holgate, reiterated the sentiment, highlighting the shared mission to provide financial relief to Americans.
Enhancing Affordability Nationwide
Steven Gordon, Way's Executive Director of Financial Partnerships, expressed enthusiasm for the partnership's potential, particularly its ability to improve affordability for families in all states and support military personnel. Their initiative has enabled customers to save an impressive amount annually by matching them with lenders offering the best rates.
About Way.com
Way.com is a leading fintech platform that integrates various car ownership services into one user-friendly platform. With 7 million users benefiting from its offerings, including cashback options and a comprehensive marketplace for auto needs, Way.com aims to ensure that car ownership is accessible to everyone. In 2023 alone, users saved millions by taking advantage of competitive auto insurance rates and convenient parking solutions.
About Sea Air Federal Credit Union
Founded in 1952, Sea Air Federal Credit Union serves over 6,300 members, offering affordable financial services. Their members include active-duty military personnel, retirees, and civilians associated with local military bases, as well as residents and employees from nearby communities.
Frequently Asked Questions
What is the purpose of the partnership between Way.com and Sea Air FCU?
The partnership aims to provide lower interest rates on auto loans, easing the financial burden for consumers seeking refinancing options.
How does Way.com's auto refinance program help customers?
Way.com's program matches customers with lenders offering the best rates, potentially saving them up to $1850 a year on car payments.
Who can benefit from Sea Air FCU's services?
Sea Air FCU serves military personnel, retirees, and local residents, providing financial solutions tailored to their needs.
What services does Way.com offer its users?
Way.com offers services such as auto refinancing, insurance, parking solutions, car washes, and roadside assistance.
When did Way.com launch its auto refinance program?
Way.com launched its auto refinance program in 2023 to address the needs of consumers struggling with high car loan interest rates.
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