Does RoadLoans do a hard credit inquiry?

Man applying for car loan on laptop


When you apply for a car loan with RoadLoans you are applying for preapproval, which involves what’s known as a hard credit inquiry. That means we’ll request a copy of your credit report to help us fully assess your application and give you a decision on a loan.

If you get the green light, you’re then in an excellent position to go shop for a car – you’ll know your approved loan terms, including the amount, APR, monthly payment and duration, before even getting to the dealership. That’s a huge plus, enabling you to focus on vehicle choice, save time and stay on budget.

For more information about hard credit inquiries, contact the major credit reporting bureaus, Equifax, Experian and TransUnion.


Apply for preapproval in minutes

When you’re ready to buy, RoadLoans is ready with a quick and simple application process. It takes only a few minutes to complete our online form and we provide instant decisions. Applying is free and, if approved, there are no obligations. We also accept applications from consumers with a broad range of credit types, so even if your credit score is poor* or you have a limited history, we’ll give your application the same careful consideration as every other.


I got approved with RoadLoans, what’s next?

Follow these steps to buy a new or used vehicle:

  • Log into your RoadLoans account to view multiple loan offers and select the best option for your needs.
  • Once you’ve made a choice, download and print your loan packet and gather the required documents listed in the loan papers.
  • Take both loan packet and required documents to the preferred dealership noted for you. Alternatively, use our dealer locator to find another.
  • Shop like a cash buyer courtesy of your preapproved loan voucher. Your approval is valid for 30 days.

If you have any questions before or during the financing process, call one of our knowledgeable loan specialists at (888) 276-7202 or use the online chat service.


* “Bad” or “Poor” credit generally is considered a FICO score around 600 and below by sources including the Consumer Federation of America and National Credit Reporting Association (reported by the Associated Press),,, Investopedia, and others. The Congressional Budget Office identifies a FICO score of 620 as the “cutoff” for prime loans. FICO scores are not the sole factor in lending decisions by and Santander Consumer USA.


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