topic Re: New Roads Auto Loans in Auto Loans

New Roads Auto Loans

Anonymous — Sat, 01 Jul 2017 01:27:08 GMT

Anyone have any experience using them?

Re: New Roads Auto Loans

tricie17 — Sat, 01 Jul 2017 03:38:30 GMT

Santander. Stay away.

Re: New Roads Auto Loans

bigpoppa09 — Sat, 01 Jul 2017 07:22:59 GMT

Avoid them like the plague.

Re: New Roads Auto Loans

Anonymous — Sat, 01 Jul 2017 10:38:55 GMT

@tricie17 wrote:
Santander. Stay away.

They are NOT Santander. You are confusing them with Roadloans. They are part of CPS.

Re: New Roads Auto Loans

Anonymous — Sat, 01 Jul 2017 10:39:45 GMT

@bigpoppa09 wrote:
Avoid them like the plague.

Why?

Re: New Roads Auto Loans

Anonymous — Sat, 01 Jul 2017 11:57:35 GMT

Well, with about 3 min of looking, I see that they claim to be BBB A+ accredited. BUT, the BBB banners on their website do not link to their BBB profile (like it's supposed to), so that made suspicious. Went to BBB website and cannot find them listed; even tried a few different variations of their name. Now, it could be listed under a different business name, but those two things were enough to tell me I wouldn't trust them.

ETA: Okay, their parent company, CPS, does have an A+ BBB rating (lots of complaints about them, though), but we all know that the parent and the child can be quite different. I'm not even sure if they're actually allowed to tout the parent company's rating as their own; that's probably why it doesn't link. Still seems shady to me.

Re: New Roads Auto Loans

tricie17 — Sat, 01 Jul 2017 14:29:33 GMT

They use Santander for loans. Very strong ties.

Re: New Roads Auto Loans

Anonymous — Tue, 04 Jul 2017 12:56:10 GMT

FMC, I think you could do much better trying a CU for a loan.
I looked at them before I found myFico a couple of years ago. After they hit me with 5 credit pulls over three days all they could offer was 18-22%

Re: New Roads Auto Loans

Anonymous — Mon, 24 Jul 2017 19:44:33 GMT

They approved for a rate of 13% to 15% depending on the vehicle, my score is in the low 500's. Carvana has me at 18%. CU's have either denied me or approved me at 18%.

Re: New Roads Auto Loans

Anonymous — Tue, 25 Jul 2017 02:03:16 GMT

@Anonymous wrote:
They approved for a rate of 13% to 15% depending on the vehicle, my score is in the low 500's. Carvana has me at 18%. CU's have either denied me or approved me at 18%.

They may be okay. The fact that they are misleading at best, lying at worst, about their BBB rating is enough to turn me away from them. By the way, their parent companys rating has been downgraded since j last looked; and they aren't accredited. Lots and lots of complaints out there about them.

Personally, I'd pay a little more at a reputable CU (not to mention building a positive relationship with them), rather than go with some shady subprime bottom feeders.

Re: New Roads Auto Loans

Anonymous — Thu, 30 Aug 2018 21:16:22 GMT

New Roads Auto Loans is a division of Consumer Portfolio Services, Inc.

Road Loans is Santander.

Re: New Roads Auto Loans

Anonymous — Thu, 30 Aug 2018 21:17:33 GMT

New Roads Auto Loans is NOT Santander.... Road Loans is apart of Santander.

New Roads Auto Loans is apart of COnsumer Portfolio Services, Inc. Which IS CREDITED WITH BBB as A+ service.

Re: New Roads Auto Loans

Anonymous — Thu, 30 Aug 2018 21:18:51 GMT

once again people don't know what their are talking about. Road Loans is from Santander and are not good business. New Roads Auto Loans is part of CPS and have high ratings. check their reviews.

Re: New Roads Auto Loans

Anonymous — Thu, 30 Aug 2018 21:21:05 GMT

New Roads Auto Loans is not linked to Santander AT ALL.... Get your facts straight. New Roads Auto Loans funds through CPS, Consumer Portfolio Services, Inc. Funding auto Loans since 1991. And yes we have high reviews! Road Loans is Santander and does not service their customers well.

Re: New Roads Auto Loans

Loquat — Fri, 31 Aug 2018 01:02:26 GMT

@Anonymous Hello and welcome to the forums. This thread that you're responding to is over a year old. The question here has been addressed some time ago. Thanks for providing information in regards to New Road Auto Loan vs Road Loan but again, this thread is old and I'm sure the OP has long since moved on from this.