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Roadloans Approval


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Happy New Year All...

I am in the market of financing a new/used car.

My credit is deemed VERY POOR. My score is 517, which doesn't allow

me to work with the premiere finance lending companies.

Nonetheless I got approved with RoadLoans...

Voucher Indicated I was approved for $18,500 with 1200 down.

I goto to the approved dealership with my documents and loan packet only to get

The run around. The car I had done shopping on had suddenly increased

In price by 3400.00 bc I was working with Roadlaons.

Another dealership told me I would be responsible to market fees bc

They would not pay it and lose money for me to drive a car.

I feel as if my options are limited so have decided to let the loan with RoadLoans

Expire but will re apply when I reach my down payment goal. I am saving for a much larger down payment.

Why was this happening and if I goto the dealer with $8K as my new down payment will I have these

Problems.

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$8,000 buys a pretty nice car if you go private party. Go look what you can get for $8k on Craigslist before you go shopping at dealerships. If you go PP, then no dealership markup/fees/subprime finance charges. let your credit improve over time than trade in for what you really want w/o having to resort to subprime financing.

Edited by 54regcab
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$8,000 buys a pretty nice car if you go private party. Go look what you can get for $8k on Craigslist before you go shopping at dealerships. If you go PP, then no dealership markup/fees/subprime finance charges. let your credit improve over time than trade in for what you really want w/o having to resort to subprime financing.

agreed. Just buy an $8k car and repair your credit, then get a loan with a reputable company.

 

 

Sent from my iPhone 4S using Tapatalk

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IT costs the dealership $ to use the Roadloans deal. I am a Roadloans/Santander customer - no one else would touch me and I HAD to finance a car. Is there a CarMax near you? As far as I now, they're the only ones that will take Roadloans and will NOT mark up the car cost.

 

For what its worth, I have had no problems so far except that I would still like to refinance for a better rate. As it is, I'm sending extra $ as often as possible.

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