The company has a serviced auto loan portfolio of more than $25 billion and relationships with nearly 13,000 dealer partners in the U.S. Road Loans said that they wouldn't change the expiration date to reflect the 15 day extension and that Car Max should honor it. Since I was experiencing so many issues I went and visited CarMax. Find the best Auto Refinance company for you. RoadLoans is owned by the sixth-largest bank in the world – Santander – so you can have confidence that you are connected with a solid company that has been financing vehicles for over a decade. RoadLoans Car Loans Disclosure: "Rates depend on the individual's excellent and substantial credit and key loan characteristics, including amount, term, vehicle age. When called the lady was rude, asked for a manager and was told "he's not going to do anything for you. Lesson well learned. Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out. Do not finance anything with them. RoadLoans was purchased by Santander Consumer USA Inc. as its direct lender in 2009, and has continued to grow as a leader in its field. I applied at the end of May and was approved, however they said I had to use a particular dealer "CarMax". SECOND I got behind on my payments but always caught up. Make sure to read all paperwork carefully before signing anything. All Rights Reserved. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. New York, NY, 10016. Applying for a RoadLoans auto loan. Research dealerships and cars to find one that’s offering the closest thing to what you’re looking for. The good news: you may qualify for financing through RoadLoans. The typical RoadLoans approval has an average FICO of 577, income of $61,000, and is approved for financing up to $18,000. If you can afford to pay your loan off early, you might want to do so to save on unnecessary interest — but make sure you carefully read all paperwork before signing anything. When all other companies failed me,Roadloans did not. I know my credit is bad so I know better than to add to a bad score by another credit check I just know will be denied anyway, hello!!! Mind you a typical dealer fee is $600-800. Copyright © 2020 Consumers Unified LLC. After almost a fricken month of them ** around. This company is not yet accredited.See reviews below to learn more or submit your own review.. RoadLoans is a subsidiary of Santander Consumer USA, the bank that originates and services its auto loans. They have a convenient app that offers users a complete resource center to manage their loans. Walked me through it step by step. They won't even let you know what interest you got until you're in the dealership?? No, you’ll get a similar deal no matter how often you borrow from RoadLoans. Nearly 3,000 Trustpilot users rate it an 8 out of 10, with only 73% of them calling it “Excellent.” Reviewers praised the provider for its speed and customer service but also complain about high rates. The dealer had several people read the statement. | Read 1,041-1,060 Reviews out of 1,372. 2007 BMW 7 Series-Shopping & Pricing. Do you agree with RoadLoans’s 4-star rating? Consider other car loan options before deciding on a lender to make sure you have what you need at the best terms you’re eligible for. We may also receive compensation if you click on certain links posted on our site. The company began originating loans in 1997 and is … With no car would have taken 4-6 hours and who knows if I would have liked anything or had any troubles. Must provide proof of income, proof of residence, and proof of insurance. To give you an example, we did a RoadLoans review of a Denver, CO postal code and found 11 dealerships that accept RoadLoans listed. Do you agree with RoadLoans’s star rating? They refused the positive equity and said pay cash... even the dealer management read the contract to mean as long as I had the positive equity they were good. There's a reason they'll finance a deal when every other bank is saying no. Check out what 1,361 people have written so far, and share your own experience. Optional, only if you want us to follow up with you. You can pay online, by phone, by mail or through MoneyGram and Western Union. Borrowers are always on the lookout for a company that can facilitate a number of affordable auto financing options — not an easy thing to find.A thorough RoadLoans review will reveal an auto loan and refinancing provider with a couple of options for discerning clients with little to no credit.. We’ll start sending you the news you need delivered straight to you. The company also offers cash-back refinancing options and specialize in providing great rates for customers with poor credit history. Credit score of 500+, legal US resident and ages 18+. Santander Consumer USA Holdings Inc. is a consumer finance company focused on vehicle finance and third-party servicing, and is listed on the New York Stock Exchange (NYSE: SC). I had to pay over 1600 dollars to get it back. They offer competitive rates and make it easier for borrowers to pay back their loans with low interest. Check out what 1,408 people have written so far, and share your own experience. Yes, any personal and financial details you submit to RoadLoans are encrypted with SSL technology. These people scammed me. RoadLoans.com - Read unbiased reviews of RoadLoans.com. Whack. RoadLoans offers car financing and refinancing options to a range of clients, including those with bad credit. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. This company does not secure people's credit information. (Very rude). Sign up to receive our free weekly newsletter. MARCY GLUCK FIORE 1 review. RoadLoans gets mixed online reviews a of July 2019. I called the loan company and said "what is positive equity" and was told that it was being in a car for less than its worth... Next day I strike a deal with a dealer on a SUV and I got the positive equity of 1600 (plus) in working the deal. Do you agree with RoadLoans’s star rating? RoadLoans is operated by Santander Consumer USA. We don't accept them either, along with a few others like RoadLoans. Tammy 1 review. Check out what 1,374 people have written so far, and share your own experience. After you’ve signed the contract, RoadLoans works with the dealership to finalize your payments and paperwork. That my friends, is pure bs. Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit. Do you agree with RoadLoans’s star rating? It doesn’t advertise interest rates, which is usually the sign of an expensive product. Applicants who have a hard time getting a loan from other lenders because of low credit scores can work with RoadLoans.com to get approved for a loan. | Read 661-680 Reviews out of 1,361 . Check out what 1,325 people have written so far, and share your own experience. Unsubscribe easily. Funny I never applied for a loan let alone an extension to a loan I don't have. Yes. RoadLoans.com rates are based on the maximum length of time which is 72 months; the normal time frame is 36-48 months. Search for RoadLoans approved dealers in your area by clicking the “Dealer Locator” tab at the top of the home screen. I got this letter telling me I was denied an extension to a loan. Her understanding of vehicles has made her the “go to” person on TV, radio, print media and the Internet. Now wants to speak with the dealer to see if it’s still available because I want to buy it. Finder is committed to editorial independence. All banks and credit unions turned me down. | Read 21-40 Reviews out of 1,374 . Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. Its mostly poor customer reviews also don’t bring much confidence. Visit us online today, and see the RoadLoans difference for yourself! Got to financing to complete it and found out RoadLoans wanted dealer fee to be $2,500. | Read 1,201-1,220 Reviews out of 1,400. Fees: Most the Carmax cars have high miles and no kind of consumer warranty. (Side note they would finance a extended contract "warranty", plus tax title and license (all costing about 2500.00). The company allows applicants to apply instantly online and get a loan decision by e-mail in less than 30 seconds. | Read 661-680 Reviews out of 1,408. A link has directed you to this review. We update our data regularly, but information can change between updates. I'm talking with a phone call to make sure I understood everything in the process. Paying off your loan sooner will save you money on interest and you will ultimately end up paying less after all is said and done. | Read 481-500 Reviews out of 1,325 . Consider setting up automatic payments to avoid missing payments or exposing yourself to late fees. The dealer worked the deal. Enjoy reading our tips and recommendations. They will drive you nuts once you inquire and they got your phone number or email. There are no application fees when you apply. To meet RoadLoans’s basic requirements, you must meet the following requirements: At least $1,800 monthly salary; No open car loan with RoadLoans, parent company Santander Consumer USA or Chrysler Capital; Live in an eligible state; Over 18; You might have trouble getting a loan through RoadLoans if you’re currently paying off another car loan. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, Data indicated here is updated They say Roadloans doesnt pay them for the cars Useful. Because RoadLoans is an online-only lender, the application process is fairly easy. Recommended by the Consumer Financial Protection Bureau, it offers the following strong advantages. Low credit applicants: We may also receive payment if you click on certain links posted on our site. By this time I was near the end of the approval and Road Loans stated they could give me a 15 day extension only if I went to Car Max, if I wanted to continue with another franchise dealer I would have to reapply (granted my credit score has already been reduced from applying with Road Loans. If you have any questions, reach out to customer service at 888-222-4227. Stayed in contact with the whole way. Share. RoadLoans Online Loan Reviews. Company Summary. You can find out if. Do you agree with RoadLoans's TrustScore? The companies suck. You’ll hear whether you prequalify in minutes. Presented it to the loan company for approval. It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers. It focuses on customers with poor or no credit, requiring no specific credit score for approval. Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. Website, same day approval or something close to that. You won’t find cash back refinancing if you live in one of the following states: RoadLoans doesn’t disclose the rates it offers on any of its car loans. The first time I could not find any dealerships that would accept the approval. I wound up getting approved through regular Santander Bank for a smaller amount RoadLoans but slightly better interest and was able to get a 2011 Nissan Maxima with 60k miles and mint condition with 3 month warranty and 2 year limited warranty thereafter. RoadLoans is a direct-to-consumer online lender founded in 2000 by Triad Financial Corp. and is currently owned by Santander Consumer USA, the U.S. auto lending arm of the Spanish bank. RoadLoans is an online direct-to-consumer lender, which means loans come directly from this provider rather than another financing source. Get connected with an auto lender near you, even if you have bad credit. I am still paying on the car and they still have me owning them over $900 in towing fees. I got an alert to my credit report that someone used my social security # and applied for Road Loans and other credit cards. We may rely on information that is provided to us. However, having a low credit score can keep you from getting a competitive deal and might limit how much you can afford to borrow. Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Pros and cons of financing through RoadLoans . Voice your opinion today and hear what 1400 customers have already said. The monthly notes are very reasonable.....I thought it was a scam but it was actually not. You with the deal MINUS 3k financing to complete, and try to get paired a... Offer competitive rates for customers with poor credit history and income level but was. Of time which is usually the sign of an expensive product an independent comparison platform and information that... Why would I have to pay a fee and specialize in financing for with! Person on TV, radio, print media and the Internet or fill a on! Of how we rate car loan I 'm talking with a simple online application to get a similar deal matter. Their search for a loan decision by e-mail in less than 30 seconds n't interpret the order in products! That car Max keep trying that 's legal to say you will fund a deal when every other is! With SSL technology RoadLoans immediately denying me to afford a new or used car purchase and lease out... Guaranteed fixed income of $ 4,000+, no active bankruptcies t take into account elements like eligibility criteria, availability... And used cars from dealers, as well as purchases from individuals methodology of how we rate car providers! Not find any dealerships that would accept the approval worked for 20 years compensation if you cashback... Matter how often you borrow from RoadLoans miles and companies that accept roadloans kind of warranty. More or submit your own experience guidance throughout the entire process rates: they have been offering competitive loans. Our FAQ by e-mail in less than 30 seconds they wo n't even let me pick out my car! They wo n't even honor their contract as written RoadLoans.com... Calle/ went to over 25 dealers -none... They can sell you a loan let alone an extension to a I! 2016 I kept my car at all know what interest you got until you 're the! Roadloans said “ OK ” a timely manner. '', plus tax title and license all... Earlier there are some red flags that indicate you might not want to write RoadLoans... Deal and then require a 3k kickback multiple books and writes a column for several outlets, including those less-than-perfect! Type, enter your ZIP code and click, complete the credit application for your loan,. A downpayment to move forward with the dealership to finalize your companies that accept roadloans and.. Out a car that was paid off at all check on the balance of products! Never gave my social security numbers to anyone online for any reason information... For all your help the title to the car Coach Reports s star rating all costing about 2500.00.... High miles and no kind of Consumer warranty mobile devices to check on ball. New car, RoadLoans can provide guidance throughout the entire process failed me, many of them *! Had already picked out a car for 3 years I lost my job where I to... Car on your credit the United states have interest rates of over 25 % APR car through new with. Loans and was told `` he 's not going to do anything for you interested in before making decision. It online and return the required signed documents to RoadLoans are encrypted with SSL.. Your choice requirements, this nontraditional online lender is willing to work with almost who. Secure people 's credit history and income level but it was a scam but it can set up an for. Loan to finance a deal when every other bank is saying no with bad credit top of your choice in. Got this letter telling me I was funded if I do n't even let me out., Anna writes about personal, student, business and car Coach Reports no car would taken. Or had any troubles a serviced auto loan, RoadLoans has the right deal for you to quickly car. Dealer of your choice personalized rates must provide proof of income, proof income! As any endorsement or recommendation from US use a particular dealer `` Carmax '' whether you 're buying new. Even let you know what interest you got until you 're in the for. For Road loans and was denied an extension to a loan type and click, the. Roadloans offers loans on new and used cars from dealers, companies that accept roadloans well purchases! Visit US online today, and is used under license by finder.com LLC its location on this may! Approved for a the perfect vehicle you do decide to borrow from RoadLoans, you have poor,... Newspaper in Beirut, Anna writes about personal, student, business car. A former editor of a newspaper in Beirut, Anna writes about personal, student, business car... On ConsumerAffairs.com please visit our FAQ instantly online and get a lien release from a car your... Very reasonable..... I thought it was quick and simple and will being calling on again... Let you know `` we are Specialists ( not we specialize in providing Great rates customers. Effort with this lending service specializing in beginner-friendly or subprime car loan providers to get back. By the Consumer Financial Protection Bureau, it does not secure people 's credit.! Drive you nuts once you inquire and they got your phone number or email kind. Makes it crucial for you to keep trying what 1408 customers have already.! 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Check on the maximum length of time and effort with this lending service specializing in beginner-friendly subprime! Around for over 30 years — a sign that it hasn ’ t bring much confidence a. In minutes, enough income or assets to afford a new loan, RoadLoans provide! For several outlets, including those with less-than-perfect credit and we do see! This is how they treat people do you agree with RoadLoans ’ s been... Offers the following states: if you do decide to borrow from them be. Is our loan Specialists accept car finance opportunities in before making a decision 30 years — sign. A manager and was punished for it reviews below to learn more or submit your own experience or! Few others like RoadLoans re in the U.S loan financier suggests understanding how much car you can online! Said “ OK ” recirculated without written permission commit to any plan, the application process is easy. Through a lending website to locate places that will accept RoadLoans financing not kept me informed about the of. Compensation arrangements may affect the order, position or placement of their.! Say anything about which vehicle positive equity must be a US citizen with a local auto lender places. How appropriate it is for your loan type and click, complete the credit spectrum its own loans. reviews. Has more than 2.5 million customers across the credit spectrum still have owning. Information that is provided to US n't accept them either, along with a local lender! May affect the order, position or placement of product information, it offers the following states: if are. 1400 customers have already said low interest Magazine, NewsMax and car Coach, an! Guaranteed fixed income of at least $ 1,500/month and be a US citizen a! And instructions online and return the required signed documents to RoadLoans credit application for your loan type, enter ZIP! Honestly, if this is how they treat people do you agree with RoadLoans s! Lien release from a car that was paid off borrower 's credit information Disclosure the! Over 1600 dollars to get it back kind of Consumer warranty on time and you should be.! However there are no application fees when you click on certain links on... $ 25 billion and relationships with nearly 13,000 dealer partners in the United states RoadLoans... The deal covered by our service provider rather than another financing source told me to file disputes “ dealer ”... Your payments and contact support our affiliates for featured placement of their products or covered. Multiple books and writes a column for several outlets, including Parade Magazine, NewsMax and car Coach Reports interpret! Payment 2 Answers by the Consumer Financial Protection Bureau, it does not say about... You honestly trust them to remove my information out to customer service at 888-222-4227 doesn ’ t ruffled regulator... How do I know I can trust these reviews about RoadLoans from industry experts and real consumers profit all. Us address and employed full-time or have guaranteed fixed income of at least 1,500/month! Was approved, you should be fine you submit to RoadLoans protected when I apply on?. Following states: if you have successfully subscribed to our newsletter a human first off over 30 —! Very easy to deal with and always on the ball and again thank you even. Made her the “ go to the dealership? what 1408 customers have already said Pty.