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LAST UPDATED: April 23rd, 2021

Although not advertised up front, RoadLoans offers auto refinancing services for consumers looking to lower their auto loan rate and save more money on their monthly payments. The application process is quick and easy, providing consumers of all credit levels with instant decisions and a variety of lenders to compare, allowing them to choose the best loan offer for their specific needs.

RoadLoans refinancing is not available in every state, and so you should first see if its services are available in your state of residence before applying.

Continue reading for a full review of this auto refinance company.

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The Good

  • Generous Loan Amounts and Terms
  • Options for Bad Credit
  • Short Application Process
  • No Hidden Fees
  • Helpful Car Loan Calculators

Generous Loan Amounts and Terms

RoadLoans offers auto loans from $5,000 to $75,000 with terms up to 72 months.

Options for Bad Credit

RoadLoans accepts applications from borrowers with all levels of credit, making it a good potential option for borrowers with poor or bad credit.

The RoadLoans website defines bad credit as a 600. While they may accept borrowers with credit lower than this, there are many auto refinance companies that accept credit scores as low as 500.

Short Application Process

The RoadLoans refinance application is quick and easy. Even if you have very recently taken out a car loan, RoadLoans does not have a waiting period and will refinance your loan as soon as you would like. The website outlines instant decisions, although it is unclear how long the funding process will take.

No Hidden Fees

RoadLoans does not charge an application fee or prepayment penalty fee, allowing borrowers to save on interest by paying their refinanced loan off early if possible.

Helpful Car Loan Calculators

To help consumers find the best loan/refinancing option for their needs, RoadLoans offers four helpful calculators:

  • Car Afforadability Calculator — see what kind of car purchase you can afford
  • Auto Loan Payoff Calculator — see what your entire schedule of payments could look like over the life of your RoadLoans loan
  • Auto Loan Calculator — see rates and terms for a new car loan
  • Fuel Savings Calculator — see potential fuel costs by comparing your current vehicle with a new one

It is important to note that these calculators will give you estimated price ranges, rates, and terms - these factors may change if you choose to apply for a RoadLoans auto loan.


The Bad

  • Undisclosed Rates
  • State Availability
  • Refinancing Limitations
  • Vehicle Restrictions

Undisclosed Rates

RoadLoans does not disclose rates on its website. This is likely due to the fact that it is not a direct lender, and rates will vary by lender in its network.

However, if you want to qualify for the lowest rates with any lender, you will need a high or excellent credit score. Thus, if you have a low credit score, you could still receive competitive rates, but they may be much higher than what you may be expecting or wanting.

State Availability

RoadLoans refinancing is not available to residents of Alaska, Hawaii, New Hampshire, Mississippi, or Nevada. RoadLoans services are available in all other states.

Refinancing Limitations

Specific refinancing information is limited on the RoadLoans website. However, some refinancing limitations are outlined: RoadLoans does not refinance loans with Santander Consumer USA or Chrysler Capital.

Vehicle Restrictions

Similar to other auto loan refinancing companies, RoadLoans has specific vehicle requirements and restrictions to qualify for refinancing. These requirements include:

  • Vehicle age — up to 7 years
  • Vehicle mileage — fewer than 105,000 miles

These requirements may be restrictive to many borrowers, and there are other lenders that will refinance car loans for vehicles up to ten years old and with up to 150,000 miles.

It is also important to note that RoadLoans will refinance amounts from $5,000 to $75,000, but your vehicle must meet the requirements before you would even be considered for refinancing of any amount.


The Bottom Line

RoadLoans offers auto loan refinancing to borrowers of all credit levels, connecting them with various lenders in its network. Although rates and terms are not disclosed on the website, borrowers with high credit can accept lower rates, whereas borrowers with bad credit can expect higher rates. But, the application process is simple and there are no hidden fees, which makes RoadLoans a good option to consider.

However, with restrictions on what loans and vehicles it will refinance, RoadLoans may not be the best option for borrowers. Particularly if you have an older vehicle with a higher mileage, a RoadLoans auto loan will be unavailable to you. Thus, its services are more fit for consumers who may have recently financed a new vehicle, and are looking to lower their loan interest rate.

View Best Auto Refinance Companies

There are currently no RoadLoans reviews. If you have refinanced your auto loan with this company, please tell us about your experience by leaving a review.

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