RoadLoans.com Auto Loans Review

RoadLoans.com is an online lending platform that offers auto loans for new or used cars as well as auto loan refinancing. While the company doesn’t offer any loans itself, Roadloans.com works with third-party lenders that offer car loans at more than 14,000 auto dealerships nationwide.

If you’re ready to shop for a new or used car but want to get your financing lined up before you do, RoadLoans.com may be what you’re looking for. Keep reading to learn how it works, what kind of loan terms you’ll get, and who RoadLoans.com is best for.

RoadLoans.com Auto Loans: Key Takeaways

  • Apply for a new or used car loan or refinance an auto loan you already have.
  • RoadLoans.com works with CarMax, LendingTree, and Cars.com, among other companies.
  • Cash back refinancing is available to consumers in some states, but not all.
  • Loans are offered in amounts between $5,000 and $75,000 in most states.
  • Minimum loan amounts are $10,001 in Arizona, $6,000 in California, and $6,001 in Massachusetts.
  • Loan terms are offered between 12 and 84 months.
  • Interest rates vary by lender.

Check Your Personal Loan Rates

Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy, and it will not impact your credit score.

RoadLoans.com Review: One-Stop Shop for Auto Financing

RoadLoans.com may not offer any loans on its own, but it does serve a helpful purpose for consumers. You can use one website to shop around and compare auto loans from more than one lender, and they even offer a tool that helps you find auto dealerships they work with in your area.

There are a few minor restrictions that limit who can use this platform, however, and the type of car you can finance with a RoadLoans.com auto loan. For starters, you have to be 18 or older to apply, and you have to be willing to borrow between $5,000 and $75,000 in most states. The vehicle you plan to purchase must have a clean and clear title as well.

For used car loans through RoadLoans.com, vehicles must be 9 years old or newer and have less than 120,000 miles on them. For auto loan refinancing, your car must be 7 years old or newer and have fewer than 105,000 miles.

What to Watch Out For

While RoadLoans.com seems to offer loan options that are fairly cut and dry, it’s important to note that RoadLoans.com won’t be your lender in the end. This platform connects consumers with auto loans from a variety of lenders while helping push them toward dealerships in the same network.

For that reason, you’ll want to be careful to read all the fine print and loan terms for the auto loan you end up with. You may be asked to pay a loan origination fee, for example, and you should ask about prepayment penalties and any other fees you may be assessed.

Another downside of RoadLoans.com is the fact they aren’t very transparent about loans offered through their platform. You have to do a lot of digging on their website to find any real information about their partner loans online, and even then, there’s plenty of information that’s not available at all. For example, they don’t list any interest rates on their website. For that reason, it’s hard to know if their loans are a good deal or not until you fill out an application.

Finally, RoadLoans.com doesn’t let you get pre-qualified for a loan through their website without a hard inquiry on your credit report. You have to fill out a full loan application with your Social Security number to find out if you qualify, and if so, what interest rates you’ll be asked to pay.

Who RoadLoans.com is Best for

  • Someone with good credit who wants to compare multiple auto loan offers in one place.
  • Someone who wants to purchase or refinance a newer car (less than 9 years old for purchases and less than 7 years old for refinancing) versus an older one.
  • Consumers who want to get their auto loan financing lined up before they visit a dealership.

How We Rate RoadLoans.com Auto Loans


At The Simple Dollar, we aim to provide a general overview of a lender’s products and services through a standard rating process. After a thorough research and discovery period, here’s how RoadLoans.com stacks up:

Roadloans.com at a Glance
Overall Rating
🌕🌕🌕🌑🌑
Affordability (interest rates, fees, and terms) 🌕🌕🌕🌑🌑
Availability (credit requirements, geographic reach) 🌕🌕🌕🌑🌑
Ease of Use 🌕🌕🌕🌑🌑
Transparency 🌕🌕🌗🌑🌑

How to Apply for a Loan through RoadLoans.com

RoadLoans.com makes it easy to apply for an auto loan, and they are clear that “all credit types can apply” even though they’re not transparent about the loan terms borrowers can qualify for.

Getting approved for one of their loans online is as simple as offering the following information in your loan application:

  • Your name
  • Email address
  • Desired loan type (purchase or refinancing)
  • Phone number
  • Home address
  • Date of birth
  • Social Security number
  • Annual income

RoadLoans.com doesn’t charge loan application fees on their end, although you may be charged lender fees by the lender you work with. You can also get an instant decision online, then take your approval letter with you to the dealership. Once you find a car you want to buy, your dealership can work with your lender to line your financing up and get you on the road.

Advertiser Disclosure

The Bottom Line

The biggest benefit of using RoadLoans.com is the fact you can get preapproved and have financing in place before you start shopping for a car. Not only does this help you determine how much you can afford to spend, but having an approval letter may put you in a better position when it comes to negotiating a final sales price.

Also note that RoadLoans.com offers auto loan refinancing for any car loans you already have. If you believe you could qualify for a new loan with a lower interest rate or better terms, it’s possible that refinancing your car loan could make a lot of sense.

Keep in mind, however, that you’ll need to research any lender you plan to work with through the platform. You’ll also need to ask about any fees you may be charged and read all the fine print on your final sales contract.

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