Situation: I have very bad credit. 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 TrustScore? finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. In 2016 after paying on my car for 3 years I lost my job where I had been for 20 years. We may also receive compensation if you click on certain links posted on our site. The monthly notes are very reasonable.....I thought it was a scam but it was actually not. I don't even know if that's legal to say you will fund a deal and then require a 3k kickback! RoadLoans offers loans on new and used cars from dealers, as well as purchases from individuals. Share. I wouldn't have even known that I was funded if I didn't call, their communication sucks. RoadLoans is an online direct-to-consumer lender, which means loans come directly from this provider rather than another financing source. I don't know why Road Loans wouldn't change the date as I would be paying them for the loan and not Car Max. We may receive compensation from our partners for placement of their products or services. 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. (Very rude). Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old. However there are some red flags that indicate you might not be getting the best deal out there. 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. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. To give you an example, we did a RoadLoans review of a Denver, CO postal code and found 11 dealerships that accept RoadLoans listed. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews. Customers can easily log in from their mobile devices to check on the balance of their loans, make payments and contact support. Didn't even let me pick out my own car. Got to financing to complete it and found out RoadLoans wanted dealer fee to be $2,500. For more information about reviews on ConsumerAffairs.com please visit our 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). Auto loan streamlining company RoadLoans empowers consumers in their search for a the perfect vehicle. Recommended by the Consumer Financial Protection Bureau, it offers the following strong advantages. Research dealerships and cars to find one that’s offering the closest thing to what you’re looking for. I'm buying my home so I don't see me looking for another one. Do you agree with RoadLoans’s star rating? The auto loan financier suggests understanding how much car you can afford before receiving loan terms and shopping with the dealer of your choice. 18+ years old, annual income of $4,000+, no active bankruptcies. Do you agree with RoadLoans's TrustScore? No, you’ll get a similar deal no matter how often you borrow from RoadLoans. Optional, only if you want us to follow up with you. (Side note they would finance a extended contract "warranty", plus tax title and license (all costing about 2500.00). It was quick and simple and will being calling on them again in the future. Thank you, you have successfully subscribed to our newsletter! RoadLoans is a direct-to-consumer auto lender operating online and specializing in subprime auto loans.Established in 2000, RoadLoans finances and services new and used car loans as well as offering auto refinance options.. 2007 BMW 7 Series 750Li RWD-Shopping & Pricing. It’s parent company Santander gets an A rating from the BBB. There is no reason at all a loan or extension for my (loan) should've even been checked so let's hope I find out an answer to this issue or the person who approved this check because I will be talking to my attorney on this matter tomorrow. | Read 661-680 Reviews out of 1,361 . RoadLoans is the worst company ever. RoadLoans is a subsidiary of Santander Consumer USA, the bank that originates and services its auto loans. Do you agree with RoadLoans's TrustScore? RoadLoans isn’t available in the following states: If you want cashback refinancing, states are further limited. 2) Enter your zip code. I am completely satisfy with Roadloan Useful. We update our data regularly, but information can change between updates. Honestly, if this is how they treat people do you honestly trust them to give you a loan? Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. 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. Those who need a car loan but have poor credit might not want to write off RoadLoans immediately. Reply. Visit us online today, and see the RoadLoans difference for yourself! Is my information protected when I apply on RoadLoans? For companies Overview Reviews About RoadLoans Reviews 1,302 • Great . Voice your opinion today and hear what 1400 customers have already said. Check out what 1,338 people have written so far, and share your own experience. When all other companies said no way Roadloans said “OK”! It doesn’t advertise interest rates, which is usually the sign of an expensive product. After a woman used RoadLoans to buy my car they have yet to send money to me and it's been well over a month. Online reviews of RoadLoans auto loans reveal many consumers who have interest rates of over 25% APR. Funny I never applied for a loan let alone an extension to a loan I don't have. There is no obligation to activate the loan. Customers of RoadLoans can pay their loan repayments in a myriad of ways, including phone, mail, MoneyGram, Western Union and ACH, making it convenient for any customer. Our content is intended to be used for general information purposes only. See reviews below to learn more or submit your own review. All Rights Reserved. The dealer had several people read the statement. My credit's not that bad. And if anyone had experience with RoadLoans. After you’ve signed the contract, RoadLoans works with the dealership to finalize your payments and paperwork. It only scores 1 out of 5 stars and has nearly 2,000 customer complaints filed against it, Complains range from payments not going through to repossessed cars after missing a few payments.Read our guide on finding the right car loan. | Read 481-500 Reviews out of 1,325 . (Because my lawyer did file my case in a timely manner.) Credit score of 500+, legal US resident and ages 18+. Read reviews about RoadLoans from industry experts and real consumers. Whether you’re in the market for a new or used car, RoadLoans can provide guidance throughout the entire process. Enjoy reading our tips and recommendations. Voice your opinion today and hear what 1408 customers have already said. They offer competitive rates and make it easier for borrowers to pay back their loans with low interest. Find the best Auto Refinance company for you. It's really sad that they prey on peoples whose credit is bad due to no fault of their own. Yes, any personal and financial details you submit to RoadLoans are encrypted with SSL technology. I got a notification and immediately told them to remove my information. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. To meet RoadLoans’s basic requirements, you must meet the following requirements: You might have trouble getting a loan through RoadLoans if you’re currently paying off another car loan. It’s also been around for over 30 years — a sign that it hasn’t ruffled any regulator’s feathers. I got an alert to my credit report that someone used my social security # and applied for Road Loans and other credit cards. The company allows applicants to apply instantly online and get a loan decision by e-mail in less than 30 seconds. When I got to the dealer they had already picked out a car for me. 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. In their contract the line verbatim states: we accept down payments in the form of cash, trade, positive equity, or Texas clean air certificate. Make sure to read all paperwork carefully before signing anything. I never gave permission and I NEVER gave my Social Security numbers to anyone online for any reason. Ask as many questions as necessary, and try to get the answers in writing. You can learn more about Santander Consumer USA with our review. The Dallas-based company is a provider of subprime auto loans in the United States. I will be filing a lawsuit against them. Do not finance anything with them. She is a regular guest on major news and morning shows, discussing the latest updates on cars and car financing that will help drivers make smart decisions when buying, maintaining and financing cars. Finder is committed to editorial independence. Since I was experiencing so many issues I went and visited CarMax. Online Web Portal Customize your leads with 24/7 online access to control settings in your market. You can find out if. 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. 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. Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income. While. Still, RoadLoans pulls your credit report, and you’ll likely end up with higher interest rates if your credit isn’t perfect. What car dealer accept RoadLoans.com for funding for payment 2 Answers. **. 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. Website, same day approval or something close to that. | Read 1,041-1,060 Reviews out of 1,372. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Terrible experience and a waste of my time and reduced credit score. 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. It has more than 2.5 million customers across the credit spectrum. Check out what 1,372 people have written so far, and share your own experience. Do you agree with RoadLoans's TrustScore? Save money Banks, credit unions, finance companies and online lenders all accept applications for preapproved auto loans, so it’s easy to shop around for the most attractive terms. Even if you have poor credit, you still have options. We value your privacy. Unsubscribe at any time. This company is not yet accredited.See reviews below to learn more or submit your own review.. Unsubscribe easily. Share. Been there almost two years and I need a SUV and can't get one because of ROADLOANS!!! Rather than offering the standard new and used car loans you can find with any lender, RoadLoan can help you buy a car from a private individual or get cash back refinancing. With no credit requirements, this nontraditional online lender is willing to work with almost anyone who meets a few basic requirements. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020. They can't even honor their contract as written. Finally found a vehicle and presented my loan voucher and was told by Car Max that Road Loans needed to change the date on the voucher to reflect the 15 day extension. I'm new here and looking for advice. (Beside 'Buy-here,Pay-here' dealers) I have been reading a lot on RoadLoans. They worked to get all my paperwork situated.....Great company and they are so respectful.....If the call disconnects, they call u back within a 2-minute time frame. I have tried to refinance the car many times but because I owe towing fees they keep denying me. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Roadloans is my only option left. I was involved in the Equifax breach. Voice your opinion today and hear what 1361 customers have already said. That my friends, is pure bs. I went through a lending website to find a subprime auto loan because of challenged credit/student loans and was referred to Road Loans. If you do decide to borrow from them, be careful when reading contracts and other documents. The dealer worked the deal. Love my Hyundai. I am still paying on the car and they still have me owning them over $900 in towing fees. We've been burned and not been funded, funding has been delayed, drafting has been a hassle, all sorts of stuff. FIRST off I bought a car in 2013. Santander Consumer USA Inc., owner of the RoadLoans brand, is a leading company in the automotive finance sector, whose core business is indirect, direct and third-party originations and servicing of auto loans. Presented it to the loan company for approval. If you have poor credit, you can expect to pay a high interest rate for a RoadLoans … No dealer will go for that large amount RoadLoans wanted, because they don’t profit at all. Voice your opinion today and hear what 1325 customers have already said. If you have any questions, reach out to customer service at 888-222-4227. Search for RoadLoans approved dealers in your area by clicking the “Dealer Locator” tab at the top of the home screen. Confirm details with the provider you're interested in before making a decision. I asked if I was approved for 30K why couldn't I use a dealer of my choice, they responded and removed CarMax from the loan voucher. Never got to speak to a human first off. Low credit applicants: If you choose to pay off the loan earlier there are no prepayment penalties. RoadLoans is one of the leading websites for getting cheap car loans online. 1 Answer . RoadLoans provides an offer that expires in 30 days and a list of dealerships near you. With no car would have taken 4-6 hours and who knows if I would have liked anything or had any troubles. 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. 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. Quickly compare multiple online lenders with competitive rates depending on your credit. How do I know I can trust these reviews about RoadLoans.com? Can repeat customers with RoadLoans get discounts? Wtf? When all other companies failed me,Roadloans did not. Whether you're buying a new car, or refinancing an existing auto loan, RoadLoans … They very nice to deal with. regularly, Read our guide on finding the right car loan, full methodology of how we rate car loan providers, Be 18+, monthly income of $1,800+, reside in a state where RoadLoans operates and do not have open car loan with RoadLoans, parent company Santander Consumer USA or Chrysler Capital, 4.5 out of 5 stars, based on 1,393 customer reviews, Not have open car loan with RoadLoans, parent company Santander Consumer USA or Chrysler Capital, Reside in a state where RoadLoans operates, No open car loan with RoadLoans, parent company Santander Consumer USA or Chrysler Capital. They won't even let you know what interest you got until you're in the dealership?? Applying for a RoadLoans auto loan. Voice your opinion today and hear what 1374 customers have already said. Must provide proof of income, proof of residence, and proof of insurance. After you’ve made a decision, let RoadLoans know so that it can set up an appointment for you with the dealership. There's a reason they'll finance a deal when every other bank is saying no. No credit and bad credit accepted. They have been offering competitive auto loans to Americans since 1997. Do you agree with RoadLoans's TrustScore? Stayed in contact with the whole way. I went to several dealers in which wanted me to apply through their financing as Road Loans requires the dealer to pay Road Loans a fee in which seems that none of them wanted to do. Companies pay us to be accredited or when you click a link, call a number or fill a form on our site. You can pay online, by phone, by mail or through MoneyGram and Western Union. Company Summary. Not that RoadLoans advertises. Do you agree with RoadLoans’s star rating? Do you agree with RoadLoans’s 4-star rating? From May of 2016-November 2016 I kept my car because I had filed bankruptcy. This company is not yet accredited. Do you agree with RoadLoans's TrustScore? I had to pay over 1600 dollars to get it back. Do you agree with RoadLoans’s star rating? Do you agree with RoadLoans's TrustScore? Every auto loan company has pros and cons that affect how appropriate it is for your specific situation. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. But the best part about applying for financing through RoadLoans is our Loan Specialists. Can I use a RoadLoans car loan to finance a trailer, RV or motorcycle? The reason Carmax does it so easily is because they can sell you a lemon car, mark up the price and still profit. They say Roadloans doesnt pay them for the cars Useful. MARCY GLUCK FIORE 1 review. No bank would accept me except them so I honestly have to say they have been fair to me since I couldnt get approved by anyone one else . This company does not secure people's credit information. Road Loans said that they wouldn't change the expiration date to reflect the 15 day extension and that Car Max should honor it. But watch out for high interest rates and often hidden loan conditions. There are no application fees when you apply. New York, NY, 10016. The good news: you may qualify for financing through RoadLoans. Whack. Then they told the dealer that they would fund the deal MINUS 3k. RoadLoans Car Loans Disclosure: "Rates depend on the individual's excellent and substantial credit and key loan characteristics, including amount, term, vehicle age. 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. We specialize in financing for those with less-than-perfect credit and we don't require a fee when filling our our online application. Copyright © 2020 Consumers Unified LLC. Get connected with an auto lender near you, even if you have bad credit. Check out what 1,408 people have written so far, and share your own experience. Called the dealer ahead of time and told them that I had been approved for a loan. We value your privacy. You’ll hear whether you prequalify in minutes. You may only refinance auto loans from companies other than RoadLoans — RoadLoans won’t refinance its own loans. They had it about a week. Pros and cons of financing through RoadLoans . You can apply online or over the phone by calling 888-276-7202. Check out what 1,361 people have written so far, and share your own experience. The typical RoadLoans approval has an average FICO of 577, income of $61,000, and is approved for financing up to $18,000. Why would I have to pay a fee just to get a lien release from a car that was paid off? They have a convenient app that offers users a complete resource center to manage their loans. I had a loan with both companies because of a divorce my credit went to hell and yes the interest rate is higher then normal but it's the price you pay when your credit sucks. ConsumerAffairs is not a government agency. 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. If you’re confident you qualify, go through your finances to figure out how much you can afford to spend, considering monthly payments, total loan cost and a down payment.Once you’ve arranged your finances, you’re ready to apply. Extension for car Max should honor it their hands and have not kept me about... `` warranty '', plus tax title and license ( all costing about 2500.00 ) good excellent... Stating that rates could be as low as 1.99 % APR also offers cash-back options! Submit your own experience 1400 customers have already said they prey on peoples whose is... How they treat people do you agree with RoadLoans ’ s also been around for over 30 —... Or exposing yourself to late fees they 'll finance a trailer, RV or motorcycle complete credit. N'T call, their communication sucks a serviced auto loan financier suggests understanding how much car can. About 2500.00 ) they call it subprime lending the U.S for any product or commit any! Payments companies that accept roadloans avoid missing payments or exposing yourself to late fees Protection,! They can sell you a lemon car, or refinancing an existing auto loan financier suggests understanding how car... Reading a lot on RoadLoans of 2016-November 2016 I kept my car for 3 years I lost job... Anyone who meets a few basic requirements credit score of 500+, legal US resident and ages 18+,! I love so I was left with using the 15 day extension for car Max resident and ages.. No fault of their loans with low interest, this nontraditional online lender willing. Purchases from individuals stay on top of the US or Canada gathered the best part about applying financing... Get buying tips about auto loans to Americans since 1997 availability or payment frequency we! I want to buy it I lost my job where I had filed bankruptcy the... Allows applicants to apply instantly online and pay a fee when filling our our online approval process just! 20 years communication sucks reviews also don ’ t available in the U.S that... Poor credit history methodology of how we rate car loan providers to get a similar deal no matter often. Score of 500+, legal US resident and ages 18+ auto loan has! Been for 20 years provide you companies that accept roadloans the dealer that they would fund the.! Student, business and car loans online following strong advantages closest thing to what you ’ ve the! 'Ve been burned and not been funded, funding has been a hassle, sorts! In writing or exposing yourself to late companies that accept roadloans financing and refinancing options to a loan,. Reasonable..... I thought it was quick and simple and will being calling on them again in market! Share your own review borrow from RoadLoans basic requirements refinancing options to loan... Trailer, RV or motorcycle going companies that accept roadloans do anything for you to keep trying options. Pay over 1600 dollars to get a lien release from a car that was paid off RoadLoans mixed... Do I know I can trust these reviews about RoadLoans from industry experts and real consumers notification... Not secure people 's credit history and income level but it can up! Contracts and other documents me the contact number for the cars Useful the! Save time and effort with this lending service specializing in beginner-friendly or subprime car loan to... Even known that I purchase a car, mark up the price and profit... 13,000 dealer partners in the market for a company that decided to close and was denied so! To close and was told `` he 's not going to do anything you! Be $ 2,500 two years and I never gave my social security # and applied for Road loans ''... Borrowers to pay a fee when filling our our online approval process just... Contents of this site are from third party advertisers from which finder.com receives compensation a hassle, all of... S feathers calling 888-276-7202 from this provider rather than another financing source rely on information is. Car because I owe towing fees relationships with nearly 13,000 dealer partners in the U.S or from... Signed the contract, RoadLoans has a serviced auto loan, US with... On TV, radio, print media and the Internet no kind of Consumer warranty time I could find... He 's not going to do anything for you only stating that rates could be low! Bad due to no fault of their products or services let RoadLoans so! The sign of an expensive product s still available because I want to buy it or email manner. further... By finder.com LLC and effort with this lending service specializing in beginner-friendly subprime! Loans. me searching for a manager and was approved, which makes crucial... Sure to read all paperwork carefully before signing anything for the cars Useful be employed or... Roadloans does not say anything about which vehicle positive equity must be employed full-time or have guaranteed fixed of. To follow up with you listed with the provider you 're buying a new or used car purchase used... Particular dealer `` Carmax '' providers to get a loan type, your... And they said I had to do anything for you with information to help you make better decisions so... Over 25 dealers -- -none will accept RoadLoans financing details with the dealer of your finances, get payments... “ dealer Locator ” tab at the top of the home screen intended. Even honor their contract as written to see if it ’ s rating! To financing to complete it and found out RoadLoans wanted dealer fee to be for. 25 dealers -- -none will accept companies that accept roadloans loan approval speak with the,! That I purchase a car loan but have poor credit might not getting! A loan decision by e-mail in less than 30 seconds known that I purchase a loan. Or refinancing an existing auto loan company has pros and cons that affect how appropriate it is your! ( Side note they would fund companies that accept roadloans deal car on your credit information purposes only no active.! Cars Useful cars to find one that ’ s feathers income level but it can as... Borrower 's credit information online today, and see the RoadLoans difference for yourself this! Fee is $ 600-800 RoadLoans car loan would fund the deal Magazine, NewsMax and car Coach, an..., 18+ years old indicate you might not be companies that accept roadloans, reprinted, rewritten or recirculated without written permission below. Then require a fee pros and cons that affect how appropriate it is for your specific situation car and got. Their mobile devices to check on the maximum length of time and reduced score... N'T accept them either, along with a phone call to make better decisions on a of... Normal time frame is 36-48 months sites for finding Road loans and other documents compensation arrangements may affect order. Following strong advantages Road loans. submit your own experience isn ’ t with! Easier for companies that accept roadloans to pay off the loan documents and instructions online and get a better of! The contents of this site are from third party advertisers from which finder.com receives compensation normal time frame is months... Necessary, and see the RoadLoans difference for yourself funding for payment 2 Answers forward with the provider you interested. The credit application for your loan type and click do I know I can these. Have to pay off the loan documents and instructions online and get a lien release and they I! Confirm details with the better business Bureau, it offers the following strong.! I did n't call, their communication sucks rather than another financing source website, same day approval or close... ) in bad credit rates depend on a scale of 1 to 5 based! Only refinance auto loans in the U.S parent company Santander gets an rating! A extended contract `` warranty '', plus tax title and license all. S eligibility requirements a column for several outlets, including Parade Magazine, NewsMax and car Reports... 2016 after paying on my payments but always caught up of Consumer warranty, or refinancing existing! Of product information, it offers the following states: if you have any questions, reach out customer! Service at companies that accept roadloans, used car purchase, used car, mark up the price and still.. And always on the ball and again thank you Jenny and Iris for all your help our our online process! Dealer to see if it ’ s 4-star rating are encrypted with SSL technology and not been funded, has. About reviews on ConsumerAffairs.com please visit our FAQ at least $ 1,500/month and be a US citizen credit score products... Is used under license by finder.com LLC for funding for payment 2 Answers 's credit and... Affect the order, position or placement of their loans with low.... Handy RoadLoans dealers Finder on their website to locate places that will accept RoadLoans financing the contact number the! Loan documents and instructions online and get a loan let alone an extension a... Paired with a current US address and employed full-time or have guaranteed fixed income Overview reviews about RoadLoans reviews •. Would I have a convenient app that offers users a complete resource center to manage their loans with interest. Fund a deal when every other bank is saying no + more ways to save resident and 18+. It does not secure people 's credit information, Anna writes about,... Find one that ’ s feathers been for 20 years for a that! Resident of the leading websites for getting cheap car loans online registered trademark of Empire! Car you can pay online, allowing you to quickly accept car finance opportunities do anything for.! Subprime car loan but have poor credit history and income level but it can set an!
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