If you credit is less than stellar, but you really need a loan for a new car, Roadloans might be the answer. They look at your credit score, but not only that, in fact if you are able to put money down or have a trade-in the chances of your getting approved increase. RoadLoans work with a network of 14,000 dealers across the country, this could be great or it could be limiting depending on where you live. They will provide loans for car purchase from dealers they already work with.
You can purchase a new or used vehicle with their loan, but that vehicle should be more than 9 years old. Roadloans has competitive interest rates and a variety of payback terms. There are many car loans available on the market, so your choices are plenty, that is also why you should be careful where you apply. All of the loans in the market place are not going to be right for you.
You should decide what are your dealmakers and dealbreakers before you decide on settling upon a car loan. Our editors have researched the RoadLoans car loan for you. You can use the information provided below to make an educated decision on whether it is the right loan for you. You can also find out about eligibility and application requirements if you want to take the next step.
What are the Benefits of a RoadLoans Loan?
RoadLoans takes pride in giving you some of the best deals on the market. By preparing multiple offers, they can help anticipate all of your vehicle requirements whilst staying within budget. Through their comprehensive search, you can look for factors that matter to you such as low auto loan rates!
Another advantage you’re sure to appreciate is their ability to give you an easy application. All you need to do is apply for auto loans online and seek pre-approval! Qualified applicants can get pre-approved for vehicle financing from the comfort of their own home. It’s that easy. With this feature, you can say goodbye to long handwritten applications and even longer days of waiting.
Even better, should your loan be approved, you’ll be glad to know that their favorable response will contain multiple offers. To top it all off, they will provide a list of carefully selected dealers nearby that can attend to your needs.
As a financing company, RoadLoans sees to it that they work with a wide network that covers more than 14,000 dealerships across the United States. As a result, you are sure to get the best deals designed to fit your budget and your specifications.
What are the Fees of a Roadloans Loan?
As with all loans, there are fees associated with the money you borrow, The interest rate and APR for car loans vary from one dealer to another. However, there are no application charges, payoff fees, or hidden charges for RoadLoans auto loans. Loans can range from $5000 to $75,000.
For example, for a loan amount of $5,000 with a fixed term of 12 months, 0% APR and $0 down payment, you would need to pay $416.67 per month. To learn more about your potential interest rate, you will need to consult RoadLoans directly. You should note that RoadLoans doesn’t offer loans to residents of Alaska, Hawaii, New Hampshire, Mississippi or Nevada.
How to Apply for the Loan
Getting a RoadLoans auto loan is fairly simple. In fact, applying through their website will take just a few minutes. Further, you can even receive a decision in just a few seconds!
To apply, you need to be at least 18 years of age and have a minimum monthly income of at least $1,800 per month. Remember, RoadLoans does not provide services in Alaska, Hawaii, Mississippi, Nevada, or New Hampshire. So if you reside in one of these states, you will not be eligible.
Other documents you need to prepare to include your personal details, home address, Social Security Number, annual income, and the details of your co-applicant if applicable. The vehicle must also have a clear and clean title.
If approved, you can take out a loan amount ranging from $5,000 to $75,000.
How to Contact RoadLoans
To get answers to any other questions you may have, you can call RoadLoans at (888) 276-7202. Alternatively, you can visit their main office at 5201 Rufe Snow Drive, Suite 400 in North Richland Hills, Texas.
For all your car financing needs, a RoadLoans auto loan might just be the answer you are looking for. With its easy application process and comprehensive list of dealers, you could find the vehicle of your dreams in no time. If you want to keep looking at other auto loan options, do so! There are many other auto loans out there for you to choose from.
Note: There are risks involved when applying for a loan. Consult the lender’s terms and conditions page for more information.