Refinancing your auto loan with cash back

How would you like to refinance your auto loan and get up to $5,000 out to spend on other things?

Apply for cash-back auto refinancing with RoadLoans and you may be eligible to do just that.*

Cash-back auto refinance allows customers to tap into the equity of their vehicle to receive a lump sum payment while changing the terms of their loan.

And that money can be used as they please – whether to pay down higher interest debts, pay off medical bills or make a big-ticket purchase.

Advantages of cash-back auto refinance

Get better terms and cash back, too
Cash-back refinancing may enable you to improve your auto loan terms with a lower interest rate, monthly payment, or both, and get cash out at the same time.

Take care of the unexpected
A cash sum could provide the means to handle the unforeseen, such as home and car repairs or healthcare bills that crop up out of the blue.

Make a large purchase
Everyone’s needs are different, and you may need money to buy an essential appliance for your home, or another large item.

Consolidate debt and lower payments
Using cash back to pay off or pay down some of your debts, such as credit card balances that carry over, may reduce what you need to budget for your monthly debt payments.

Cut debt interest and save money
By paying off higher interest debt with your cash payment, you may be able to reduce your total debt interest payments. This would be dependent on the APR of your refinanced loan being lower than the APR of your other debt, and the term of the refinance being less or equal to the remaining term of your existing higher interest obligation.

Enjoy convenience and peace of mind
Consolidating debt to one monthly payment with RoadLoans means a fixed rate loan with no interest rate surprises. There’s also the convenience of fewer accounts to keep track of, and fewer statements in your mailbox.

Lower payment-related expenses
Making just one monthly payment may also reduce fees for payments made over the phone or for electronic payments.

See if cash-back refinancing is right for you

As with any financial product, you’ll want to check it meets your needs. In the case of cash-back refinancing, does it offer you cheap money? If you’re approved, look at the interest rate you’re offered on the loan and the total amount of interest you’ll pay by the end of the loan term. Consider whether the monthly payment fits your budget, too.

Also keep in mind that cars are depreciating assets, and cash out may affect the potential for negative equity to develop; a situation where the sum you still owe on the loan is more than the value of the car.

Ready to apply?

Here’s the advantage with RoadLoans – it’s free, fast and simple.

Free – There are no application fees.

Fast – It takes only a few minutes to complete the one-page application and you’ll get an instant loan decision.

Simple – If approved, download your loan documents, sign and return to us. We’ll take care of the rest.


Get Started

Applying online takes just a few minutes, it’s free, and you’ll get an instant decision.

Get Started


What if I have bad credit?

You can still apply for cash-back auto refinancing with bad credit.† RoadLoans accepts applications from people with all types of credit and offers the same high levels of service to customers whatever end of the credit spectrum they find themselves. We do not, however, accept applications to refinance a loan from existing Santander Consumer USA and Chrysler Capital customers.

If you’d like to refinance your auto loan for better terms and get cash back to spend on other things, apply for financing with RoadLoans. As the direct-lending platform of trusted auto lender Santander Consumer USA, we have years of experience helping people across the country meet their financing needs.

See if you can start saving on your auto loan.

Apply for Refinancing 
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These statements are informational suggestions only and should not be construed as legal, accounting or professional advice, nor are they intended as a substitute for legal or professional guidance.

RoadLoans is not a credit counseling service and makes no representations about the responsible use of or restoration of consumer credit.

* View disclosures and offer information.

† “Bad” or “Poor” credit generally is considered a FICO score around 600 and below by sources including the Consumer Federation of America and National Credit Reporting Association (reported by the Associated Press), Bankrate.com, Credit.com, Investopedia, NerdWallet.com and others. The Congressional Budget Office identifies a FICO score of 620 as the “cutoff” for prime loans. FICO scores are not the sole factor in lending decisions by RoadLoans.com and Santander Consumer USA.