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RoadLoans – Who we are (Part 2)

RoadLoans wants to create a car-buying experience that meets the needs of our customers, and empowers them to make the best decision for their lives, as we described in Part 1 of “RoadLoans – Who we are.” Part 2 of “Who we are” is about how we have tried to incorporate the most innovative technology available to improve the online experience. “We receive thousands of applications every month,” said Scott Rundle, V.P. of Direct Originations for RoadLoans. “Because of the volume, it’s important that we employ every technical advantage we have to create the best online experience possible.” Convenience is… Read More

Written by: on November 20, 2013

Category: Financing

RoadLoans – Who we are (Part 1)

There are a lot of things you probably already know about RoadLoans – that we are one of the leading sources for online auto and truck financing, that we provide financing for customers nationwide, and that we don’t mind working with people who have challenging credit histories. But what you may not know is why we do what we do. Our aim is to help people get into cars and, as a result, improve their quality of life. Sounds a little too emotional for a financial services company, right? Well the truth is, we don’t want to be thought of… Read More

Written by: on November 19, 2013

Category: Financing

Car lease or purchase: How to decide which is better for you – Part 2

Should I lease or should I buy? It’s a question we began trying to answer yesterday in Part 1 of our blog post when we provided six reasons you might want to consider leasing your next new vehicle. Today, in Part 2 of our blog post, we provide you six reasons to buy new or used rather than lease. “How does the cost of leasing compare to buying the same new car in terms of out-of-pocket costs? And, if you decide to buy a used car, how much more will that save you? Furthermore, what do those costs look like… Read More

Written by: James Mayfield on August 28, 2013

Category: Financing

Car loans: Make sure to follow these seven important steps – infographic

With tens of millions of us buying used or new cars, trucks, crossovers or SUVs each year, of course, car loans also are in great demand. “Almost three out of four cars purchased today require financing to complete the transaction,” according to CarQuotes.com. “There are steps you can take to help yourself.” “It's easy to spend $25,000 or more on an automobile, making it the second largest purchase for many folks, second only to the house with the garage where you'll be parking… Read More

Written by: James Mayfield on August 5, 2013

Category: Financing

Buying a certified pre-owned (used) vehicle

Many car purchases start with one question: New or used? There is nothing like a new car smell! When you buy a new car, truck or SUV, you can select from a wide variety of vehicles, colors and just the right features/benefits you desire. The manufacturer may offer cash rebates, incentives or lower interest rates to qualifying customers. You may even want to consider leasing a new vehicle to help you get a lower payment. For a used car, there are many benefits as well. These include the possibility of a lower car payment versus a new car; the hit of… Read More

Written by: Debbie Fields on July 18, 2013

Category: Financing

Prius sales surpass three million worldwide since launch

Everywhere I turn in traffic, a Prius seems to be there, too. Apparently, it isn’t my imagination. The iconic gasoline-electric hybrid vehicle, the first mass-produced hybrid passenger car, which also has been around for 16 years in one form or another, recently surpassed the three million mark in cumulative worldwide sales, reported Toyota Motor Corp. (TMC). “Such a figure puts the Prius' own success into perspective. While Toyota now produces a wide range of hybrid vehicles, it's the core line which still sells in the greatest numbers, and in certain locales – California being a prime example – it counts… Read More

Written by: on July 17, 2013

Category: Financing

Pickup trucks top targets of thieves, research says

Pickup truck drivers beware. Your vehicle may be on thieves’ list of favorite targets. Research released by the Highway Data Loss Institute, based on insurance theft claims during the period 2010 to 2012. The research showed pickups were the first five vehicles on the list of those most often targeted by thieves – whether that’s to steal the truck or its contents. The most targeted truck of all is the Ford F-250 pickup, a heavy-duty version of the top-selling F-150, according to the institute. Besides the F-250, the top five comprises the Chevrolet Silverado 1500 crew cab and Avalanche 1500, the… Read More

Written by: James Mayfield on July 16, 2013

Category: Financing

‘Dealers love trade-ins’ as profit center, says ‘GreenLight Remarketing’ magazine

After starving for inventory during the Great Recession, automobile dealers have turned to trade-ins as a reliable profit center, reports Karen Jones in the current edition of GreenLight Remarketing magazine. “Dealers love trade-ins,” says Ricky Beggs, vice president and managing editor of Black Book USA, in Jones’ story. “It’s another piece of inventory they have an opportunity to recondition, remarket and create a profit for their store.” As new car sales continue their climb back toward pre-recession levels, trade-ins are coming back in higher numbers with greater value, Jones writes in her article, “Trading Up.” “Because most cars on the road are… Read More

Written by: James Mayfield on July 15, 2013

Category: Financing

Vehicle financing delinquency avoidable – if you plan ahead

Don’t be a delinquent. That sometimes is easier said than done when you’re trying to pay off a new car, SUV or truck on limited income to banks and finance companies. The time to think about the potential for a payment delinquency is before it happens – when you may be able to do something about it – not after it has occurred. Unfortunately, after the fact is precisely when a lot of people begin to think about a delinquency. Preventing delinquency, which could forestall a significant damage to your credit score or rating, should begin when you start thinking… Read More

Written by: James Mayfield on July 9, 2013

Category: Financing

Vehicle financing basics for buyers with good or bad credit

If you’re looking for a new vehicle, then chances are you also are or will be looking for vehicle financing. It’s just a fact of life for most people. And it probably is your goal to land vehicle financing without breaking the bank. “If you're like most people, paying cash to buy a new car just isn't in the realm of possibility,” writes Lee Ann Obringer in an article “How Car Financing Works” online at howstuffworks.com. “And even if it's in the realm, you may not want to deplete your savings account to buy a new vehicle. This means that… Read More

Written by: on June 26, 2013

Category: Financing