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Car terms to know in the F&I office
After reaching a deal on a car at the dealership, you’ll usually be ushered into the F&I office – the financing and insurance department – to finalize your purchase. This is where you will be offered financing, other products and optional extras, some of which you may never have heard of before. To make that process easier and help you decide if they’re things you’d like to buy, take a look at the key terms likely to come your way, below.     F&I manager – The person who will take you through these final steps before you sign on… Read More

New car loan vs. Used car loan
Should you buy new or preowned this time? A quick comparison of new vs. used auto loans can be a useful part of that decision-making process. After all, if you’re committing to a financing contract for a number of years, you’ll want to make sure it works for you and you’re comfortable with things like interest rate, monthly payment and what you’ll end up paying for the vehicle in total. Read through the advantages of each type of loan, below, to understand which may suit you best, and learn how RoadLoans customers enjoy more control in the car-buying process.  … Read More

Discover the RoadLoans experience in the words of our customers
    Easy. It’s a word you’ll see a lot in consumer reviews of RoadLoans, and it’s one that sums up our streamlined, no-hassle approach to auto financing. Whether you’re looking for a loan to purchase your next new or used vehicle, or to refinance your current car, take a look to see what the experience is like in the words of people who have applied for credit at RoadLoans.com. We have more than 1,100 reviews, hosted by third-party platform Trustpilot, with an overall rating of 8/10 that’s been achieved with comments such as those from Keila, Danton and Bethany,… Read More

A fist full of dollars
Refinancing a car is the process of having your auto loan paid off and replaced with a new one, usually with a different lender, with new agreed-upon terms. There are various possible outcomes and, in many cases, it’s about saving money or otherwise finding a more affordable loan. Borrowers generally look for a lower monthly payment, reduced interest rate, different loan duration or a combination of these. Let’s look at each in more detail.     3 Potential outcomes of refinancing an auto loan   1. Lower monthly payment A lower payment could result from dropping the interest rate, extending… Read More

Understanding an upside-down car loan and how to get right-side up
What is an upside-down auto loan? An upside-down car loan is a situation where the outstanding loan balance is more than the value of the vehicle. It’s also known as negative equity, or being under water, and will put you at a disadvantage if you want to change vehicles. On the positive side, there are a number of ways to get out of it, from making extra payments to refinancing. But first, let’s look at how an upside-down loan may come about.     How upside-down car loans can occur Common scenarios include: Depreciation – Cars inevitably lose value after… Read More