Blog > Recent Articles In Financing

Average car loan rates infographic
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Car terms to know when trading in
  Trading in may be a convenient way to sell your current car and put that money toward the cost of a new one. Knowing the following terms may help you walk into the dealership with the confidence to negotiate a better deal.   Trade-in value The trade-in value of your car is the amount that your dealer is willing to offer you to buy your vehicle. This amount can be influenced by a number of factors including the vehicle’s age, mileage and condition, demand for such a model, and your location.   Trade-in allowance Once you have agreed on… Read More

Man holding car keys on a vehicle trade-in
  Most buyers will, at some point down the track, come to the question of when they should trade in for another vehicle. To a large degree, what makes most sense is determined by a vehicle’s reliability and its depreciation in value. Let’s take depreciation first.   Understand your car’s depreciating value New cars lose 20 percent of their value after just one year, increasing to 50 percent after three. On that basis, you may not want to trade in your car during its early years, just after you’ve suffered the biggest part of the depreciation loss. Rather, you might… Read More

Man and woman smiling in convertible car
    If quick and easy auto financing works for you, then consider RoadLoans. We’re the online lender that enables customers to get a credit decision in minutes and enjoy a streamlined process to their new car or refinanced loan. As part of national auto lender Santander Consumer USA, we work with customers with a broad range of credit profiles, and flexibility is at the center of our approach. Besides giving consumers the chance to apply for financing whenever it suits them, RoadLoans provides customers with multiple loan offers to meet their individual needs. If approved for a new or… Read More

Man and woman looking at laptop screen
    The deadline for filing tax returns, Tax Day, April 15, is just ahead. And if you’re one of millions expecting money back, you may also be thinking about using that cash as a down payment on a vehicle. To help with the fun part, peruse the following articles as you wait for your check or finish off your return. Listed below is a selection of recent RoadLoans blogs featuring award-winning and highly recommended cars from a number of automotive sources.   Best cars, SUVs (and minivan) for your money – U.S. News The happy meeting place of quality… Read More

Car traded in and car purchased
  When you owe more than your vehicle is worth but still intend to trade in for your next purchase – and plenty of people do – then planning your steps will help you get the most out of the deal.*   Rolling over your negative equity In this situation, it’s common for negative equity to be rolled into the loan for your new vehicle. That means you’ll effectively be paying off your previous car along with your new ride in a single, larger loan on which you’ll pay interest. Such a loan can increase your financing costs and make… Read More

Woman signing paper to remove cosigner from car loan
  A cosigner can be invaluable when you need help qualifying for an auto loan but, as circumstances change over time, one or both parties may want to remove the cosigner from the arrangement so they can go their separate financial ways. For their part, the cosigner may no longer wish to bear the risk associated with guaranteeing the loan and the effects on their credit should the borrower default. The borrower, on the other hand, could have become more financially established and doesn’t need the assurance provided by the cosigner. In these situations, it’s often possible to remove a… Read More

How an auto loan cosigner or co-borrower may help you get moving
  If you’ve been denied vehicle financing because you have bad or no credit,* then an auto loan cosigner, or a co-borrower, may be what’s needed to get on the road and on with your life. Each may boost your chances of approval and, if approved, better your loan terms. And what a difference having your own transportation can make, whether it’s getting to college classes to further your education, getting to work on time and stress free, picking up the kids from school or taking a relaxing road trip wherever you choose.   Do I need a cosigner or… Read More

Woman sitting in new car
  If you’re buying a car this month then Presidents Day could be the time to do it. A range of deals including cash back and lower prices make a buyer’s dollars go further, and set them up nicely for the year ahead in their vehicle of choice. Deals are available on both new and used cars and, besides holiday weekend sales events, there are added reasons why you may be able to walk away with a sizeable saving. Auto dealerships could be more prone to sweeten deals if recent snow and cold weather have kept customers at home, while… Read More

Car on tow truck
    Whether to get to work, school or the grocery store, the automobile is a necessity for most of us, and so too is the financing that helps pay for it. The road to vehicle ownership doesn’t always lie straight, however, and events like missed payments, or even trouble paying for repairs, can lead to repossession. If that happens, knowing about the repossession process will help you negotiate the way forward.*   What is car repossession? When you sign for a loan or lease, you commit to a contract that gives the creditor or lessor rights to the vehicle… Read More