Hi my name is Ricardo! I’m 36 years old. My parents immigrated to the U.S. before I was born.
We’re a big family, I’m one of 4 kids. My oldest sister was born before my parents moved to the U.S. and the other 3 kids including myself were born in the U.S.
Family is what’s most important to us! We usually spend the weekends together.
I’m married and have two kids, a baby girl and a 4 year old boy.
My parents started a cleaning business when they settled in the U.S.
I joined the family business a couple of years ago.
We are very proud of our company.
We are focussed on commercial cleaning, i.e. offices, warehouses etc. We have a second company that’s specialized on carpet cleaning
I’m employed in both companies. That’s why I receive two pay stubs every other week (i.e. two W2 documents).
I’m a manager now, i.e. I need to commute A LOT.
I live just outside of Atlanta and commute almost 40,000 miles a year. Yes, that’s A LOT!
We all work very hard, usually 6 days a week and every day I spend around 3 hours in the car.
I have two cars: My 2015 Acura TSX, which is a little banged up and has 180,000 miles on the odometer. And I just bought a 2019 Nissan Altima last year.
I’m really excited about the Nissan Altima, it’s the fully loaded version. I try to keep mileage down and only use it every other day. When I don’t use it, the car is parked at my house in the car part.
I’m currently renting a place but the dream is to buy a house.
Right now, I’m trying to figure out how to save some money. I do have an iPhone, which is cool!
I’m paying $718 monthly for my Nissan Altima. The interest rate is 20.76% and the name of the lender is PRESTIGE FINANCIAL.
I got my loan at the Nissan dealership, had never heard of them before.
I did not have a co-signer. My wife is a stay home mom and doesn’t have any regular income. Adding her to the credit application wouldn’t have improved my interest rate, the dealer said.
I must admit, I really don’t like that company PRESTIGE FINANCIAL. They are rude to me! Every time I call, they’re treating me poorly.
I want to get out of that loan. I’m so upset that I’m even considering to just stop making payments.
My credit score is 584. I know, it’s not great and that’s why I’m trying to save money and improve it.
I don’t exactly know how the credit score works but I have only just started using credit at all and so I’m in the phase of building my credit.
I have two credit cards. Both of them have low limits until I improve my score I guess. I’m currently using 59% of my credit limit on average.
When I bought my Nissan, I had to put $1,000 cash down.
I remember the dealer convinced me to buy GAP insurance and an Extended Warranty. I hadn’t heard about any of these products but the GAP insurance made sense to me.
GAP cost $700.
I didn’t think I needed the Extended Warranty, my uncle is a car mechanic and he typically helps me if my car has problems.
But the dealer insisted and ended up giving me a ding, dent and windshield protection insurance for free so I agreed to the Extended Warranty.
The Extended Warranty cost $2,000. I haven’t used it and I think it is only good until 39,000 miles.
So now the question is, how do I reduce my monthly payments?
I’m currently also paying $262 on my Liberty Mutual insurance policy.
Before gas, I’m paying about $1,000 per month to have the Nissan. Feels a lot. Much more than I had planned.
Now I feel a little stuck and don’t know what to do.
How to refinance your auto loan and save thousands of dollars
When we performed our study above, we felt frustrated for a lot of the Prestige Financial borrowers. Clearly, a lot of hard-working Americans are overpaying on interest and hence have higher monthly payments than necessary.
Thankfully, we can help you lower your Prestige Financial monthly payments. In our article 'The best way to lower your rate? Make your payments!' we found that a lot of Americans can refinance their car loans and save thousands of dollars:
By making your payments on time, you can significantly improve your credit score in as little as six months. With a higher credit score, you immediately qualify for a better rate then your Prestige Financial rate. All you need to do is refinance.
WithClutch.com is a fully digital platform that lets car owners like you do so from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.
Follow three simple steps to refinance your auto loan, get approved in seconds and save thousands in minutes.