The spread of Coronavirus (COVID-19) has restricted mobility for most of us, yet many people still need a car to perform the essentials. If you’re in the market for a vehicle, the good news is that there are dealerships still open for business and, for our part, RoadLoans remains ready to accept applications for credit. This is how our process works, along with tips for shopping and the benefits of online services during this time of social distancing.   Applying for a loan As a full-spectrum lender, RoadLoans has experience working with customers with a wide range of credit, so even if yo ..read more

Coronavirus has changed how we live and work. But the most important thing we can do is “step up to the challenge” of the pandemic and its effects as individuals, organizations and companies, including RoadLoans and parent company Santander Consumer USA (SC). “Being in the front lines, I have a first-hand look and receive daily feedback from our customers, who through their messages share many touching stories and hardships, which range from temporary loss of hours at work to complete job loss,” said Veronica S., who monitors social media for SC in Mesa, AZ. Even in this difficult time, “many ..read more

Be aware that the Coronavirus (COVID-19) may pose a potential cybersecurity threat to Americans in addition to a health threat. As the virus spreads across the U.S., so do cyber criminals intent on taking advantage of you. “The pandemic is dangerous enough without wrong-doers seeking to profit from public panic, and this sort of conduct cannot be tolerated,” said Attorney General William Barr in a recent staff memo.     The U.S. Justice Department cites cybersecurity threats that include: Individuals and businesses selling fake cures for COVID-19 online and engaging in other scams. Phishing e ..read more

Be aware that the Coronavirus (COVID-19) may pose a potential cybersecurity threat to Americans in addition to a health threat. As the virus spreads across the U.S., so do cyber criminals intent on taking advantage of you. “The pandemic is dangerous enough without wrong-doers seeking to profit from public panic, and this sort of conduct cannot be tolerated,” said Attorney General William Barr in a recent staff memo.     The U.S. Justice Department cites cybersecurity threats that include: Individuals and businesses selling fake cures for COVID-19 online and engaging in other scams. Phishing e ..read more

The health and well-being of colleagues is a top priority for RoadLoans and parent company Santander Consumer USA during the spread of Coronavirus. It means we can be there for our customers. Last week we introduced the Santander US Temporary Emergency Paid Leave Program for COVID-19 Pandemic School and Daycare Closures.     The program is designed to address the immediate needs of our colleagues who are affected by the widespread school and daycare closures throughout the country, whether or not they have direct customer contact. It provides eligible employees with up to 80 hours of emergenc ..read more

    Buying a car is one of the largest purchases you can make in life, which means researching the right model is usually top priority. While that’s important, so too is understanding the financing. Knowing how auto loans work will help you to find credit that offers best value for your needs. Auto loan arrangement An auto loan involves borrowing money from a lender that provides funds to pay for a vehicle up front. The borrower repays the debt in monthly installments, including interest, according to the agreed terms. Factors that affect an auto loan Three main factors affect the structure o ..read more

  If you’re interested in managing the cost of your vehicle loan, auto refinance is one option you should look into.* Refinancing a car is the process of taking out a new loan to replace an existing note. The refinanced loan is a fresh contract, typically with another lender, that gives you the chance to agree to different terms. In many cases, the borrower will refinance to save money on interest or get a more comfortable monthly payment. Here are four common scenarios. Lower monthly payment – Refinancing can reduce the monthly payment as a result of a lower interest rate, longer term or bot ..read more

  If you plan to share a vehicle, or you’d like to maximize your chances of approval and a larger loan amount, applying for a car loan with a co-borrower could be the right choice for you. A co-borrower is part of a joint auto loan in which each party has equal rights to the use and ownership of the vehicle, and responsibilities for the loan. As such, the details of both borrowers are required on the financing application, and will be included on the car’s title. So how does a co-applicant actually help your application? Lenders will take a range of criteria into account, but an increase in t ..read more

Safety first. A solid rule for the road, and one the IIHS Top Safety Picks can steer you toward. The Insurance Institute for Highway Safety has released its annual list of best-performing new cars based on updated criteria that prioritize protection for pedestrians as well as vehicle occupants. Sixty-four vehicles – all 2020 model-year cars and SUVs – are split across Top Safety Pick and Top Safety Pick+ awards. To qualify, each must have good ratings in crashworthiness evaluations; good or acceptable headlights, and available front crash prevention with an advanced to superior rating.   The ..read more

Good news if you’re in the market for a car – vehicle dependability is at an all-time high, says J.D. Power. More good news is that its latest study identifies the best brands and models to help your selection. The market research firm’s 2020 Vehicle Dependability Study looks at problems experienced in the last 12 months by original owners of 3-year-old vehicles. Useful information, especially, for anyone considering a 2017 model-year vehicle. But for those who aren’t, the findings still serve as a valuable barometer of which automakers are producing the most reliable rides, and what they are ..read more