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Best Auto Loan Website

  1. Auto Credit Express
  2. Road Loans
  3. myAutoLoan
  4. Drive Time
  5. Auto Loan Soup
  6. Capital One
  7. MoneyAisle
 

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  Road Loans - Star Review  
     
 
 

 
Road Loans Star Ratings  
Member Reviews (3) Email This Review
 
Apply Now: Road Loans

In today’s economy, maintaining a better than average credit score can be difficult. RoadLoans offers online auto loans to those with less than perfect credit. One thing that the StarREVIEWS team liked about RoadLoans website is that they provide sound advice for rebuilding and maintaining a good credit score. While many credit companies want to gain your business, few do anything to help you establish yourself for a strong credit future. Two thumbs up to RoadLoans for this valuable assistance.

What's New with RoadLoans Auto Loans?


  • You will generally receive a response in minutes.
  • Online auto loans are made available for most people, even those with less   than perfect credit.
  • RoadLoans provides an online auto payment calculator to see how much you can afford to pay for your next car.

The RoadLoans Auto Loan Application Process:



The application process on RoadLoans website was very easy. The one page auto loan application was quick and easy to fill out, but make sure you have your income information available before you start.

RoadLoans is a direct-to-consumer loan company. Therefore, they do not have to forward your application to dealerships or brokers for approval. While you can generally expect to receive notification on the approval of your auto loan via email in minutes, in some cases it may take as long as 48 hours for an approved or denied status for online auto loans.

Auto Loans Offered by RoadLoans:



Unlike many of the other auto loan websites, RoadLoans IS the lender. However, RoadLoans is not licensed to offer loans in all states. You will want to check out the FAQ section (second question on the list) to see if you live in a state where they operate. While lease options are not available through RoadLoans, you can refinance your existing loan with them. With RoadLoans, RV, trailer and motorcycle loans are not available.

RoadLoans Offers:

  • Online application.
  • New and used car loans.
  • Refinancing existing loans.
  • Loan calculators.
  • Information and resources for people with bad credit.
  • Direct-to-consumer loans.

RoadLoans Customer Support:


Something unusual about RoadLoans is that they do not offer email customer service. You can, however, contact them six days per week for billing, account status and payment questions via their toll free number. All other inquiries are available during regular Monday thru Friday business hours CST via their toll free number.

Upside:

Lenient credit requirements, online auto loan application, fast approval. Sound information on building and maintaining a strong credit report.

Downside:

Lack of email availability for inquiries. Not available in all states.

 
     
 
 
  Road Loans Member Reviews  
     
 
Member Rating
    (Based on 3 Review)
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I applied and was approved and my credit score is barely 600 but be prepared for 20% cash down and very high interest rates (15-18%). I did not use the loan because the dealer found me more money with another lender and no down payment. Also, about 2-3 weeks after I applied I started getting all kinds of junk mail for prepaid credit cards and car insurance offers.
RoadLoans approved me- was pretty surprised. I don't have a very good credit score and my car broke down a few months ago so I have been scrambling to try and find the funds and a loan to get a new one. I would use them again, 100%. The experience has been pleasant so far.
I got a loan from Road Loans about 3 months after filing bankruptcy. I pretty much couldn't get a loan anywhere else. That part was great and the approval was really fast and fairly easy, but they did tell me (as one of their selling points) that they would refinance me after 9 months of on-time payments. This was pretty important since my interest rate was 15%. I made my payments on time but then after about 7 months Road Loans sold my loan to another company. The other company (Drive Financial) is owned by the parent company that owns Road Loans. However, Drive Financial will NOT refinance you. They won't even discuss it. They have customer service by phone, wait times are long and they are not the nicest people to talk to. If I could avoid it (which I have since then) I would not use them again unless I was desperate.
 
   
 
 
 

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