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Road to a...

...Refinance or Lease Buyout

Vehicle Information

To refinance or help you purchase your currently leased vehicle, we’ll need the following vehicle information:

  1. Make/Model/Year
  2. Current mileage
  3. Vehicle Identification number (VIN)

Refinance

  • Along with vehicle information we will also need the current payoff billing statement from your existing lender.
  • We will help you fill out the required DMV paperwork.
  • We’ll simply need your vehicle title.

Lease Buyout

  • Along with your vehicle information we’ll need lease buyout statement and instructions from your lease company.
  • We will help you fill out the required DMV paperwork.
  • The sales tax on your lease buyout is based on where you currently live.

Financing with Logix

  • Contact your Logix loan officer to complete your transaction.
  • Sign all of the loan documents and you’re done!
  • We’ll pay off your existing loan and update your vehicle title. It’s that simple!
  • After you complete the refinance or lease buyout, please add full coverage insurance with Logix as the “loss payee.” Insurance must be non-commercial policies only.

...Private-Party Auto Purchase

Research

Research the year, make, model, options, price, reviews, performance, vehicle history, and insurance costs before making a decision. This could save you time and money. Here are a few sites that can help:

Private-Party Purchase

  • Ask whether the vehicle title is BRANDED (Salvaged, True Miles Unknown) or the vehicle is being leased. This will prevent you from obtaining financing with Logix.
  • Test drive the vehicle and ask to have the vehicle inspected by your trusted mechanic. They can spot mechanical and body structure damage.
  • Negotiate the best price possible. Typically, private-party vehicles are less than ones purchased at the dealer.
  • Logix will handle the DMV transfer of ownership.

Financing with Logix

  • Contact your Logix loan officer to set-up an appointment to complete your auto purchase. Your loan officer needs the following:1.Vehicle Title, Registration, Smog Certificate2.Lender Statement with Payoff and Authorization for Payoff (if financed).
  • Your loan officer will review the documents, confirm the loan amount, Sales Tax, DMV Fees, term, rate, due date and payment with you.
  • After you complete the auto purchase, please add full coverage insurance with Logix as the “loss payee.” Insurance must be non-commercial policies only.

...Dealer Auto Purchase

Research

Research the year, make, model, options, price, reviews, performance, vehicle history, and insurance costs before making a decision. This could save you time and money. Here are a few sites that can help:

Dealer Purchase

  • To obtain competitive pricing use our hassle free buying service. Ask your loan officer for details.
  • Meet with the dealer. The Fleet Manager may be able to get you better pricing. Inform them that you are pre-approved and negotiate the best price!
  • Select the vehicle with the options and color you want and take it for a test drive.
  • Before signing any documents, insist on an Option Purchase Contract. This is very important and allows you 3-7 days to complete the loan transaction with Logix.
  • NOTE: We only finance vehicles from Franchise Dealers (those affiliated with a major brand such as Ford, Chevy or CarMax).

Financing with Logix

  • Contact your Logix loan officer to set-up an appointment or complete your auto purchase. Your loan officer needs the following:
    1. Option Purchase Contract
    2. Bank Information for Automatic Payments
  • Your loan officer will review the documents and confirm the loan amount, term, rate, and due date with you. Loan proceeds can be sent directly to the dealer.
  • After you complete the auto purchase, please add full coverage insurance with Logix as the “loss payee”. Insurance must be non-commercial policies only.
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