road loans

[Anonymous]

Hi all has anyone ever dealt with roadloans, are they legit and how does it work? Thank you all

[sccredit]

Roadloans is Santander.  There are mixed reviews on them.  They are a sub prime lender with high interest rates but will approve some very tough credit.  What does your profile look like?  I'd look at CapOne's prequalifier before jumping to RoadLoans.

[Anonymous]

Santander also runs Chrysler Capital, so they might be good if you have good credit and don't need to use roadloans.

[djshifted]

I've used Santander in the past, and I haven't had any issue with them.  I applied through the dealer instead of them directly, though.  It's been a few years, but I recall the payment fee for using a Credit/Debit card was $10.95, so keep that in mind when you look at your estimated payment, unless you pay by check or directly from your bank account.

[CountryLivin]

I applied for a loan with Road loans 2 years ago and was approved for a car loan.....they are very restrictive on what you can get......you have to be under miles and only so old....which wasn't a problem for me, but the dealer I was working with  wouldn't use them, because the dealership has to pay them a fee. The dealer I went to wouldn't pay the fee and said he was going to try and get me approved by other means.....well, 14 credit pulls later, he said they couldn't get me approved....so I got mad and bought a car on my just approved visa card. So that is why I have 90% utilization on my visa.....working on paying it down.

[Anonymous]

I used them when I had a tough credit situation.  They require dealers to participate (kick in money) so they will limit the options as to what car you can buy and where you buy it from.  I would suggest building a relationship with a credit union and see if you can get qualified through one of them first.  If not then try and refinance as soon as you can.