Car Loan

Whether you’re looking for a brand new vehicle or a high quality used model, you can apply for financing with RoadLoans and have a decision in seconds. Your credit score is one of the most important factors involved in lending, and most auto lenders will make their loan decisions based in part on your score. If you qualify for an auto loan, they will typically use that score to help determine your interest rate, too. Buying a car is one of life’s special moments. The celebration dance says it all. And, for many buyers, getting the green light on a new or used car loan is the spark that makes it possible. hen you’re looking for that financing, there are two main avenues to pursue: indirect lenders, such as auto dealerships, and direct lenders, like RoadLoans, where qualified buyers can get preapproved before shopping for a vehicle. Getting preapproved for new and used car loans comes with some big advantages, and it’s the approach recommended by the Consumer Financial Protection Bureau (CFPB), a federal agency protecting consumer interests. Shopping around for preapproval may save you time, money and effort, and ease stress at the dealership. “Preapprovals allow you to compare rates without the time pressure you may feel once you are at the dealership,” says the bureau. “Then, at the dealership you can focus more attention on items like your trade-in or auto choice.” As an online lender, RoadLoans makes the new and used auto financing process simple. Our short, secure application page enables you to apply for preapproval in minutes and receive an instant decision.