April 2017

You are browsing the site archives for April 2017.
What is refinancing a car?
  If you’re new to the world of refinancing a car loan, there’s plenty to learn and understand. One of the most common questions is simply “what is refinancing a car?” and the answer will help financing newcomers get up to speed. Refinancing a car means a new loan is used to pay off an existing one, with the vehicle as collateral. The refinanced loan is a new contract between lender and borrower with agreed upon terms like interest rate, monthly payment amount and loan duration. How these terms are different from the current loan may vary according to the aims and… Read More

How much should a down payment on a car be?
  The right down payment on a car has the potential to make a significant difference to a vehicle purchase and how financing pans out, so it’s worth seriously considering how much you might be able to pay up front. By lowering the amount borrowed, a down payment may save the buyer money by reducing the monthly payment and finance costs, but there are other considerations as well. A payment of 20 percent has long been viewed as a healthy amount for a new car purchase, according to Edmunds. And when you consider factors like new-car depreciation of 20 percent… Read More

The best car in the world, it’s official
As bragging rights go, owning the best car in the world would be hard to beat. That could be quite subjective though – everyone has an opinion on nice cars. Thankfully, the experts have cleared the issue up for another year with the announcement of the 2017 World Car Award winners, based on specific criteria you can hang your hat on. After traveling a long road passing through several glitzy international destinations, the jurors recently reached their expert decisions, announced at the New York auto show last week.     And the World Car of the Year? The Jaguar F-Pace,… Read More

Hundreds of RoadLoans reviews at your fingertips
  When you’re shopping around for a product or service, we know reviews matter. That’s why, at RoadLoans, we team with an independent customer reviews community, enabling auto loan shoppers to check out our customer experience online. Trustpilot is a third-party platform where customers can leave feedback via RoadLoans’ Trustpilot profile page, which is easily accessible from our website. As a technology-driven, direct-to-consumer auto lender, a fast-and-easy financing process with a focus on customer service is a priority. We’re proud of the 8.8/10 rating we’ve received from hundreds of reviews but we’re continually seeking to raise the bar and improve… Read More

Consider your car-buying options as tax filing deadline approaches
  The deadline for filing tax returns, April 18, is just ahead, and if you’re expecting money back, keep in mind the difference a refund can make to a car purchase. Millions of Americans use their refunds, which averaged $2,777 in 2016, for a down payment on a new vehicle, and all or part of a check from the IRS may help you qualify for financing. If approved, it might even enhance the loan terms, enabling you to sit back and drive towards summer with savings, style and comfort. What kind of vehicle is at the top your list? Here… Read More