CarBarrage™ > Auto Loan Payment Coverage

DriveFree™ • ReCapture Financial • Auto Loan Payment Coverage™

Got a Car Payment?

Open an ERA and Put Your Monthly Expenses to Work.

DriveFree™ is for working households with a car payment that want to open an Expense Residual Income Account (ERA), put their regular monthly expenses into it, and use the resulting Monthly Residual Income benefit toward an existing auto loan payment.

An ERA is a household money-management account with ReCapture Financial. You add the monthly bills and expenses you already pay, fund the ERA according to your household schedule, and allow the ERA to organize how that money should be managed. ReCapture Financial follows the ERA schedule and pays the listed expenses on your behalf.

We are not refinancing your vehicle, replacing your loan, assuming your loan, or changing your lender. Your auto loan stays exactly where it is.

So What Is DriveFree™?

The simple answer: open an ERA first, then use the resulting Monthly Residual Income benefit toward your auto payment.

You already financed the vehicle. You already have the lender. You already have the monthly payment.

DriveFree™ does not change the loan. It changes what you can do with the Monthly Residual Income generated after you open an ERA, add the monthly expenses you already pay, and fund the ERA according to your household plan.

Open an ERA. Add your monthly expenses. Fund the ERA. Let the ERA manage the money. ReCapture Financial follows the ERA schedule, and DriveFree™ can direct the covered amount toward your verified auto loan payment, up to $1,000 per month.

Why Do You Need an ERA First?

Because the ERA is the ReCapture Financial account that creates the household structure and Monthly Residual Income relationship DriveFree™ uses.

1. Open an ERA Your Expense Residual Income Account is where your ReCapture Financial relationship begins.

2. Fund Your ERA Make the scheduled deposits established for your household plan and let the ERA organize how the money should be managed.

3. Let ReCapture Carry Out the ERA Plan ReCapture Financial follows the ERA schedule, pays the listed expenses, and DriveFree™ lets the resulting Monthly Residual Income benefit work toward your verified auto loan payment.

MiddleBanking™ 1.0 Is Simply the Platform Behind the ERA.

You do not need to learn another payment system. MiddleBanking™ 1.0 is simply the ReCapture platform that powers the ERA.

Swipe or drag sideways to view the ERA workflow.

ReCapture ERA workflow showing monthly expenses, ERA funding, household expense payments, and Monthly Residual Income.

Learn more about ReCapture Financial, ERA accounts and Monthly Residual Income →

Where Does the Monthly Residual Income Come From?

Your ERA creates a structured household money-management relationship. You list the monthly expenses you already pay, fund the ERA according to your household schedule, and the ERA organizes the plan ReCapture Financial follows.

ReCapture Financial manages ERA household activity across many clients at once. At scale, those combined expenses support the residual pool used to make Monthly Residual Income payments to active households under current program terms.

The ERA creates the income relationship. DriveFree™ gives that Monthly Residual Income benefit a destination—your verified auto loan payment.

Your ERA Creates the Income. DriveFree™ Gives It a Destination.

DriveFree™ does not create your Monthly Residual Income. The ERA creates the household income relationship that produces it.

Choose DriveFree™ to direct that monthly income toward one of the largest household expenses you already have—your existing auto loan payment.

Nothing About Your Auto Loan Changes.

Your lender stays the same. DriveFree™ does not replace your current lender.

Your loan stays the same. Your interest rate, remaining term, payoff date, and loan agreement remain with your lender.

Your vehicle stays yours. You keep driving the vehicle and receive your title from your lender when the loan is paid off.

DriveFree™ is not a refinance. It is an ERA feature that lets the Monthly Residual Income benefit work toward your existing auto loan payment.

What Does DriveFree™ Change for Your Household?

It changes how much of your own monthly household income has to remain committed to the covered auto loan payment.

Current Household Expenses $5,300

Monthly Auto Loan Payment $675

Household Spending After Coverage $4,625

Covered Auto Loan Payment Out of Pocket $0

The $675 payment is still due under the existing loan. DriveFree™ directs the covered amount of the household’s Monthly Residual Income toward that payment.

Ready to Start?

Start by opening an ERA. Keep your existing auto loan.

The first step is to open an Expense Residual Income Account with ReCapture Financial, add the household and personal expenses you already pay, and fund the ERA according to your household schedule.

Open an ERA for DriveFree™ Learn About ReCapture Financial

Still Only Interested in Traditional Auto Refinancing?

If you only want to replace your current auto loan with a different loan, continue to our traditional refinance page.

Traditional refinancing is handled by participating lenders. They review credit, determine loan approval, establish the interest rate and terms, and handle the refinance directly with you.

Continue to Traditional Refinance

Important Disclosure: CarBarrage is an automotive information and lead-generation resource. ReCapture Financial is not an auto lender and does not make refinancing decisions or pull consumer credit for a refinance request. DriveFree™ is an auto-payment feature delivered through an Expense Residual Income Account with ReCapture Financial. Monthly Residual Income is generated through the ERA relationship and can be directed through DriveFree™ toward the verified auto loan payment. The vehicle loan remains the customer’s contractual obligation with the lender. ReCapture Financial administers Auto Loan Payment Coverage™ through the household’s ERA according to current DriveFree™ and ERA and DriveFree™ program terms.