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Top RoadLoans Customer Questions – Part 2

TOP ROADLOANS CUSTOMER QUESTIONS 2 crop
It’s time for another round of our most often asked, and now, best-answered customer questions, direct from the people that know them best. Many thanks to our crack team of customer support agents and managers, and to our customers who continue to pose intelligent questions and give great feedback. Customer question: Can I get the approval amount increased? Answer from the experts: Possibly. We approve you for the maximum amount you can borrow. However, if there is additional income (of yours or your co-applicants) to consider that wasn't mentioned in the initial application, we will review the loan to see… Read More
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Category: Financing

Top RoadLoans Customer Questions – Part 1

Top RoadLoans Customer Questions crop
At RoadLoans, we do a great job of simplifying the auto-loan and car-shopping experience, and we are proud of that. Additionally, we encourage people to educate themselves about credit and the processes involving car loans and car shopping. We hope that this does not send a mixed message in which we tell you that there is a lot to know about auto loans and car shopping and that we simplify that process. In fact, both are true. The service we provide involves shouldering some of the burden of expertise in auto finance and the process of buying a car. Today, Scott… Read More
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Category: Financing

Steps to Buying a Car with Bad Credit

Buying a car with bad credit
Are you looking to replace your dinged-up car, and trying to do it with dinged-up credit? You're not alone. Buying a car with bad credit is something that many people have to face.* If you need a new car, you've generally got two options: Buy outright with cash or get a loan. There are pros and cons to each of these. The obvious reason for buying an older, used car is that the total price tag may be lower, at least to acquire it. However, according to Edmunds.com, one of the problems with buying a used car is that for… Read More
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Category: Financing

Auto loans when you have bad credit

Auto loans when you have bad credit
Is your credit perfect? Yeah, neither is most people's. Buying a car or getting an auto loan when you have bad credit* can be challenging, but the best way to approach it is simple: know what you're getting into. Many people with bad credit get auto loans every day, and the question is simply, "How?" And this is where it helps to know what you're getting into. It might not be difficult, but there are steps that should be taken. First, it's important to understand your own expectations. Are you expecting to get your dream car for a bargain? It… Read More
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Category: Financing

Bad Credit Auto Loans, Unicorns and You

Bad Credit Auto Loans u
Getting auto loans when you have – let’s be honest – bad credit* can be like searching for legendary creatures. However, there is a key difference between legendary creatures and bad credit refinance auto loans for people with bad credit:one of the two actually exists. Here’s a handy guide to help our awesome readers tell the difference.   This is a picture of a unicorn. A unicorn is a horse with a single, spiral horn protruding from its forehead. Unicorns were first mentioned in Indika by Ctesias in the fifth century B.C., and they remain a prevalent figure in art, poetry, prose, and even heraldry. However,… Read More
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Category: Financing

Car Loans and College Students – Just the Facts

Car Loans for College Students
    Every year, right about this time, a concern preoccupies many ambitious young collegians: graduation. And that concern comes with questions. "Where will I live?" "Where will I work?" "How will I get back and forth between where I live and where I work?" "How will I pay for the way that I get back and forth between where I live and where I work – and everywhere else?" And this last question is what we'll be covering here, because car loans for college students and graduates is a tricky subject, and the opportunities and pitfalls involved in buying… Read More
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Category: Financing

Costs of car ownership worry millennial generation

Costs of car ownership worry millennial generation
The common wisdom that Gen Y consumers – those born between 1977 and 1994 – no longer are interested in automobiles doesn’t seem to hold water, suggests Deloitte’s study. They’re just practical about the costs of car ownership and other factors involved in owning vehicles. “Among Gen Y consumers who do not currently own or lease a vehicle, cost seems to be the main barrier – with most (80 percent) saying it is because they cannot afford it and three quarters citing high operational and maintenance costs,” reported Used Car News. “Affordability is the mantra for Gen Y consumers who… Read More
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Category: Financing

The new car myth and the truth about used cars

The new car myth and the truth about used cars
How many new cars are on our streets and highways at any one time? Give up? It’s a trick question. The answer is: virtually zero. Almost 100 percent are used cars considering that even the newest among them lost several thousand dollars in value as soon as they were driven off the dealership’s lot. Oh sure, we talk a good game (and countless words are written) about new cars. But even if you don’t take the description “new” literally and count any vehicle up to a year old as new, the vast majority of cars, trucks, crossovers, SUVs, etc., still… Read More
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Category: Financing

Get a tax refund, then buy a car? Many Americans will

Get a tax refund, then buy a car? Many Americans will
Getting a tax refund doesn’t always mean people will go car shopping. But many will because of the money they get back from Uncle Sam. Tax refunds for 100 million Americans averaged more than $2,650 last tax season, and as much as $3,000 in previous years. That’s  enough to cover the typical 11 percent down payment on a new car or make a significant dent in a year’s worth of monthly car payments. In fact, more than one in five of those who expect to spend their tax refunds on something vehicle related will use the money to purchase a… Read More
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Category: Financing

Why now is a good time to buy a used car

Why now is a good time to buy a used car
Eagerly anticipated tax refunds, falling used-car prices due to increased supply, relatively low interest rates for vehicle financing, and generally improving vehicle dependability – a major reason the average age of vehicles on American roads has climbed to over 11 years – create a near-perfect opportunity for used-car shoppers in 2014. Those shoppers are expected to drive off with at least 42 million used cars, trucks, crossovers and SUVs. In many cases, the car-buying fever begins with a tax refund check. Millions of taxpayers expect to spend their tax refunds to purchase a new or used car, suggests the report… Read More
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Category: Financing