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      October 21, 2019

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My Auto Loan vs Road Loans

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To help you find the Best Auto Loans, TopConsumerReviews.com provides you with an in-depth comparison of My Auto Loan and Road Loans.

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Finding an auto loan is no longer limited to what your current bank will offer or what the dealer brings to the table. You can take control of your next auto loan terms by shopping online for the best deal available. Several auto loan companies post the most competitive auto loan rates online to attract your business.

In today's economy, may people have less than perfect credit. Many companies offer car loans to those who have suffered bankruptcy, late payments or a low credit score. By researching and finding the best auto loan, you'll potentially save hundreds to thousands of dollars each year in payments and interest over other auto loans.

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Best Reviews

2019

Auto Loans Reviews

4 stars
My Auto Loan

MY AUTO LOAN Visit Site

BBB Rating:

A+

If you're looking for transparency and reliability when it comes to financing your next vehicle, put myAutoloan on your list. This Texas-based service, as part of the Horizon Digital Finance group, has been accredited with the Better Business Bureau for more than a decade and holds an impressive A+ rating. Although myAutoloan does not do the lending themselves, but rather refers applicants to as many as four lenders, they simplify the process and make it easy to get a variety of offers to choose from.

We were impressed by both the range of services offered by myAutoloan as well as the interest rates offered by their lending partners. Not everyone makes the typical new or used car purchase from a car dealership; so, if you're looking to refinance your current auto loan, to buy out the lease on your vehicle, or even to get a loan to buy a car from a private individual, myAutoloan can help. At the time of our review, their lenders' interest rates ranged from 1.74% to 3.48% for terms up to 72 months. Of course, those rates come with the standard disclaimer that they depend on an individual's credit history and credit score.

In order to be eligible to be matched with up to four lenders, myAutoloan requires that you meet the following criteria:

  • Must be at least 18 years of age (or the age of majority according to your state's laws)
  • Have a minimum income of $1,800/month or $21,600/year
  • Have no open bankruptcies
  • Live in the continental US
  • Be purchasing a vehicle that is no older than 8 years, has fewer than 100,000 miles, and costs at least $8,000

If you meet those criteria, you can complete myAutoloan's simple, two-minute application by entering basic information about yourself, your employment, and the vehicle you wish to purchase. You'll be given up to four loan offers from which to choose; if one meets your needs, you will receive your online certificate or check within 24 hours.

We also like the helpful information available on the site, under the headings of Learn About Financing, Rates & Calculators, and Resources. There you'll find descriptions of the various types of auto financing, calculators to help you determine how much you can afford to borrow or what your monthly payments might be, an auto buying guide, and quite a bit more. They'll even connect you with insurance companies to protect your purchase, and the government website to check for any recalls on your new car.

Customer reviews are overwhelmingly positive. From helpful customer service agents to extremely fast delivery of funds, myAutoloan and its lending partners deliver what they promise.

We love myAutoloan's straightforward service that helps borrowers find the best loan for their purchase and their excellent reputation for customer service. We recommend you give them a try for your auto loan needs.

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4 stars
Road Loans

ROAD LOANS Visit Site

BBB Rating:

A+

Road Loans is a very good place to find an affordable auto loans for your next car. With a streamlined interface and fast response, they deliver good quality loan options for your consideration.

Road Loans is a Dallas, Texas based auto loan company that's been in business since 1995. They currently hold an A+ rating with the BBB. Road Loans is a direct-to-consumer lender and they provide financing for new cars, used cars, or vehicle refinancing. Their auto loan programs are flexible enough for all types of credit scores and all makes and models of cars.

The Road Loans website is an great resource for your car financing needs. You can get educated on credit scores, calculate a payment, order credit reports, download apps and more.

Often the car buying process starts with the financing - and Road Loans gets that. With the streamlined Road Loans interface you can apply for the auto loan online, wait 30 seconds for approval, go to a dealer, pick-out the car and sign the papers.

There's no sitting at a dealership and stressing that your auto loan will not go through after you've spent hours selecting a car you thought you could afford. The list of dealers that Road Loans works with is extensive. We found an abundance of relationships with many of the major dealers in several cities.

For any type of car loan the process is simple:

  • Update the application with the auto loan type, contact information, employment information, social security number and more.
  • After approximately 30 seconds you'll have an email response from Road Loans with your auto loan approval status.
  • Next you'll receive a follow-up phone call from Road Loans to discuss any specific information.
  • Finally, Road Loans will issue payment to the auto dealer, finance company, or individual as needed.

We liked the flexible and customer friendly auto loan options available at Road Loans. We also liked the hassle-free loan process that Road Loans uses when buying a new or used car.

Overall, Road Loans has built a top quality website that streamlines the car loan experience. If you're in the market for a car loan, Road Loans is worth your consideration.

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Continued from above

However, not all auto loan companies are the same. There can be wide differences in the features and auto loan terms that they offer.

Before you apply for your next auto loan, consider the following important factors:

  • Application Process. What is the process of applying for the auto loan?
  • History. Does the auto loan company have a history of pleasing the customer and using quality business practices? How do they rank at the Better Business Bureau?
  • Focus. What type of auto loans do they offer? Are their auto loans geared for all levels of credit?

TopConsumerReviews.com has reviewed and ranked the best Auto Loans available today. We hope these reviews help you find the most affordable loan available for you!

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