Auto Finance

What you will need to know about financing a vehicle purchase

Few consumer complaints are about auto loans and leases
April 11, 2014

Few consumer complaints are about auto loans and leases

More than 40,000 consumer complaints were filed within the first two months of 2014, according to the Consumer Financial Protection Bureau (CFPB), record numbers for any one or two-month period during the bureau’s almost three-year lifespan. But if last year’s…

J.D. Power: Long-term loans, leasing gaining popularity among car shoppers
March 11, 2014

J.D. Power: Long-term loans, leasing gaining popularity among car shoppers

Long-term auto loans and leasing hit record levels in February, according to a J.D. Power analysis of last month’s new-vehicle transactions. “Longer loan terms, coupled with the current low-interest-rate environment, increases the affordability of new vehicles for consumers,” said Thomas…

Auto loans their highest in five years, Equifax reports
February 4, 2014

Auto loans their highest in five years, Equifax reports

Outstanding auto loans ($859.6 billion) and the total number of existing loans (62.3 million) in December were the highest in more than five years, according to the latest Equifax National Consumer Credit Trends Report. That means automobile lending “continues to…

J.D. Power: Lender service determines customer satisfaction with financing
January 14, 2014

J.D. Power: Lender service determines customer satisfaction with financing

WESTLAKE VILLAGE, Calif. — Lenders that provide excellence in the servicing and onboarding experiences from the beginning of the loan or lease process set the stage for customer satisfaction throughout the financing duration, concluded J.D. Power and Associates’ 2013 U.S….

How online car loans work at Santander Consumer USA
December 19, 2013

How online car loans work at Santander Consumer USA

An online car loan works a lot like any other financing – except that it’s faster than more traditional methods and puts you in control of the process. Santander Consumer USA and its RoadLoans brand have pioneered online car loans…

How to improve your credit score in five steps – or more
August 21, 2013

How to improve your credit score in five steps – or more

The following post originally appeared on our RoadLoans blog, The Open Road. Credit score. They are two of the most nerve-wracking words in the language to many consumers. It’s no secret that your credit score may have a dramatic effect on car…