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FAQs
Payment Saver Auto Loans

FAQs

Home > Borrow > Vehicle Loans > Payment Saver Auto Loans

How are the residual values determined on the Payment Saver Auto Loan program?

This residual calculation is based on the vehicle: year, make, model, style, options, loan term, odometer reading, and annual mileage selection at loan inception. Insurable valuations utilizing these factors are supplied to AFG by the Automotive Lease Guide (ALG). The ALG is the nationally recognized authority of vehicle residual value projections. ALG data is regularly imported and updated into the custom Residual Value and Payment Quoting Calculator set up for use by your financial institution.

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TurboTax 2023

“My husband wants to get a new car every few years. While I love getting new cars, too, this was always costing us too much money for down payments each time and for the negative equity being at its height when trading each of those cars in for a new one. With the Payment Saver program, we can say goodbye to the negative equity cycle and get a new car every few years. No stress, no headaches, and smaller loan terms with affordable payments. Who wouldn’t want to do that?!”

— Kassandra M.

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