NEW YORK — Sept. 2, 2026
Executive Summary
OnePay has launched My Garage, a new feature that brings key financial information about a vehicle into the company’s consumer finance app. Customers can view vehicle value, loan equity, payoff timelines, insurance offers and gas rewards in one place. The service is designed to give consumers a clearer understanding of a major household asset and its associated expenses, with auto-loan refinancing comparisons planned for a future release.
Announcement Overview
OnePay has introduced My Garage, positioning the feature as a centralized financial hub for vehicle ownership. The new offering addresses the fragmented nature of information surrounding vehicle value, outstanding debt, loan repayment, insurance and fuel costs by bringing those elements together within OnePay’s existing financial app. Customers can access an updated vehicle value, see their loan equity and monitor their projected payoff timeline. The feature also provides access to auto insurance offers and gas rewards, while OnePay says consumers will soon be able to compare auto-loan refinancing rates without leaving the app. My Garage begins rolling out to OnePay customers today.
Key Announcement Details
- Announcement Type: Product Launch
- Announcing Entity: OnePay
- Announcement: Launch of My Garage
- Announcement Date: Sept. 2, 2026
- Dateline: NEW YORK
- Product: My Garage
- Purpose: Consolidated vehicle financial management
- Vehicle Value: Up-to-date valuation
- Loan Equity: In-app visibility
- Payoff Timeline: In-app tracking
- Insurance: Auto insurance offers
- Gas: Gas rewards
- Coming Soon: Auto-loan refinance comparisons
- Rollout: Begins Sept. 2, 2026
- Company: OnePay
- Company Type: Financial technology company
- Customers: Millions of Americans
OnePay Introduces My Garage for Vehicle Financial Management
OnePay has expanded its consumer financial platform with My Garage, a new feature focused on the economics of vehicle ownership.
For many Americans, a vehicle represents both a significant personal asset and a substantial recurring expense. Costs can extend well beyond the purchase itself, encompassing financing or leasing obligations, insurance premiums and fuel.
At the same time, information about the vehicle’s financial position is often spread across different services. OnePay’s new feature brings several of those data points into its existing app, giving customers a consolidated view.
My Garage is designed to provide access to:
- Current vehicle value
- Loan equity
- Loan payoff timeline
- Auto insurance offers
- Gas rewards
The feature places these elements alongside the other financial services already available through OnePay.
A More Complete View of Vehicle Ownership
The launch addresses a gap in how consumers can assess the financial position of a vehicle.
A vehicle owner’s financial picture may involve several separate questions: how much the vehicle is currently worth, how much remains on the loan, how much equity has accumulated, when the financing could be paid off and how much is being spent on related services.
My Garage brings those considerations into one location.
Within the feature, consumers can monitor the progress of their vehicle loan and see their payoff timeline change as they make progress toward owning the vehicle outright. The service is intended to make the relationship between the vehicle, its financing and its broader ownership costs easier to understand.
Vehicle Value, Equity and Payoff Information
OnePay’s new feature gives customers an updated view of their vehicle’s value alongside information about loan equity and the expected payoff timeline.
This allows users to follow their position as they continue paying down their vehicle financing.
The feature is designed to help consumers see:
- What their vehicle is worth
- The equity associated with the vehicle
- The remaining path toward loan payoff
- Progress toward outright ownership
OnePay also said consumers will soon have the ability to compare auto-loan refinancing rates, extending the feature beyond monitoring an existing loan toward evaluating potential financing alternatives.
Insurance Offers and Gas Rewards
My Garage also connects vehicle ownership with two recurring areas of consumer spending: insurance and fuel.
Customers can compare available auto insurance offers through the app and access gas rewards, allowing additional vehicle-related financial activity to be managed without moving between multiple applications.
The combination is intended to give consumers a broader view of the financial considerations surrounding their vehicles rather than focusing exclusively on the underlying loan.
OnePay’s Perspective on My Garage
Pat McLoughlin, GM of Marketplace at OnePay, said:
“Consumers don’t think in terms of financial products. They think about what those products make possible in their lives. And for millions of Americans, owning a car unlocks opportunities. My Garage is about giving people financial visibility into one of the most expensive assets they own but rarely fully understand.”
The company positions My Garage within its broader effort to bring multiple aspects of consumers’ financial lives together within a single platform.
Rollout Begins for OnePay Customers
My Garage begins rolling out to OnePay customers on Sept. 2, 2026.
The launch gives eligible OnePay customers access to the new vehicle-focused financial tools within the company’s app.
Future functionality is also planned, with auto-loan refinancing rate comparisons identified by OnePay as an upcoming capability.
OnePay Financial Services and Regulatory Disclosures
OnePay states that it is a financial technology company and not a bank.
Its banking services are provided through Coastal Community Bank or Lead Bank, both of which are Members FDIC.
OnePay’s debit and credit cards, including the Builder Mastercard®, are issued by partner banks pursuant to licensing by Mastercard® International.
Brokerage services are provided through One Growth Securities LLC, which is a member of FINRA/SIPC.
OnePay’s crypto services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC through an agreement with OneProgress Assets LLC.
The company further states that:
- Investment and crypto products are not FDIC insured.
- Investment and crypto products are not bank guaranteed.
- Investment and crypto products may lose value.
- One Growth Securities LLC does not provide crypto services.
- OneProgress Assets LLC is not a member of FINRA/SIPC.
About OnePay
OnePay is an all-in-one financial services platform built around the premise that improved financial management can contribute to improved everyday life.
Its consumer offering includes:
- Banking
- High-yield savings
- Credit cards
- Point-of-sale lending
- Investment products
- Crypto offerings
The company says its platform is designed to provide millions of consumers with tools for managing different aspects of their financial lives in one place.
Beyond its direct-to-consumer offering, OnePay also works with:
- Employers
- HCM providers
- Gig platforms
- Other organizations
Through these relationships, the company provides embedded financial services to millions of employees and frontline workers.
Media Contact
For additional information, visit onepay.com.
Source Attribution
Source: Company announcement
