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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… Read More
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Category: Financing, RoadLoans News

How to get better gas mileage

Car at gas station pump
  15 ways to improve fuel economy on city roads and highways Gas is an expense that soon adds up on trips like the daily commute, school run or during business use. While it may be hard to do without a vehicle for such journeys, it’s actually not that difficult to trim your costs with better mileage. In the main, it’s just a case of adjusting your driving habits and making sure your car is in good shape. Take these tips on board to go farther after every fill up, and save money as you go.   1. Watch your… Read More
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Category: Car and Driver Tips

Where can I buy a car with my RoadLoans voucher?

Where can I buy a car with my RoadLoans voucher?
  Getting the go ahead on a car loan was the first step. Now comes the fun part – shopping for your next vehicle. To do that you’ll want to find the best dealer, and RoadLoans makes it easy. A recommended dealership is listed with your loan approval, which can be found in your online account and within your loan voucher. This dealership, located nearby, is able to show you select vehicles meeting our financing requirements and high standards for quality. You also have the option to use our dealer locator tool and search for others in the area. As… Read More
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Category: Financing, RoadLoans News

Preapproved auto loans give shoppers these 4 advantages

Preapproved auto loans give shoppers these 4 advantages
  While the car is undoubtedly the star, for most, the financing is just as important in the vehicle-shopping process. One thing you should know about as you begin that journey is preapproval, which means arranging your loan before visiting the dealership. Recommended by the Consumer Financial Protection Bureau, it offers the following strong advantages.   1. Save money Banks, credit unions, finance companies and online lenders all accept applications for preapproved auto loans, so it’s easy to shop around for the most attractive terms. If approved for a few loans, you can compare the interest rates, loan amounts and… Read More
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Category: Financing

What kind of vehicle can I finance with RoadLoans?

Woman in car receiving keys
  An approval from RoadLoans opens many doors, so let us tell you what kind of vehicle you can step into. Your RoadLoans voucher enables you to buy a new or used car, SUV or pickup truck meeting our flexible buying requirements. That includes a vehicle with up to 110,000 miles and that’s nine years old or newer. So, in the calendar year 2019, model years 2010 and onwards are all eligible. The car should also fit the financing conditions of your preapproved loan, such as the maximum loan amount. Remember that there will be sales tax, title and registration… Read More
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Category: Car and Driver Tips, RoadLoans News

Top 10 cars and SUVs we keep the longest

Toyota Land Cruiser off road
New cars come and go, but there are some we hold onto longer than others. Mainly, they’re sports cars and SUVs that provide a cherished way to hit the road or dependable transportation year in, year out. That’s according to iSeeCars.com, which analyzed five million vehicle sales to determine the 10 new models we keep longest before selling. Sports cars are most numerous, with five of the 10, including the storied Chevrolet Corvette, Ford Mustang and Porsche 911. Not typically “daily drivers,” these vehicles “don’t accrue high mileage as a result, so it takes them longer to show signs of… Read More
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Category: Car and Driver Tips, RoadLoans News

State Fair of Texas: Time to enjoy the rides

Chevrolet Colorado displayed at Texas Auto Show
  A visit to the State Fair of Texas isn’t complete without a tour of the Texas Auto Show, and this year there’s a generous helping of debuts to feast your eyes upon. For many in these parts, it’s all about the trucks and SUVs. Ram, Chevrolet, Ford, Toyota, Jeep and Nissan all have rugged and luxurious new 2020 editions on show, gleaming under the sun in the Truck Zone or the lights of the Automobile Building. Truck-maker Ram has chosen the fair to introduce three new Texas-sized editions; the Ram 1500 Limited Black Edition along with a Night Edition… Read More
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Category: Car and Driver Tips, RoadLoans News

Is it better to lease or buy a car?

Woman sitting in car at dealership
  Buying and leasing a car are two very different things, and each has its own merits according to what you want to get out of the vehicle. While buying tends to make more financial sense in the long run, you may have other priorities that leasing can accommodate, such as a lower monthly payment or a short-term commitment. Read through the benefits of both financing choices to help you decide on your next move.   Benefits of leasing a car Lower payments – In effect, leasing means you’re paying only for the depreciation of a vehicle over the course of… Read More
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Category: Financing

Preparing to apply for a car loan

Preparing to apply for a car loan
Applying for an auto loan is easy these days, but it still pays to prepare. Follow some simple steps and complete your application with confidence.   1. Check your credit reports Request your reports from the major credit bureaus to check for errors and dispute any you may find. Correcting mistakes is relatively quick – typically 10-14 business days according to Experian – and can be an easy way to give your credit score a lift.       2. Set a budget Use an affordability calculator to gauge how much you can spend on a car in total, and… Read More
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Category: Car and Driver Tips, Financing