When choosing a lender for a major purchase such as a car, besides finding the right loan terms, you’ll probably want a company that offers a smooth, easy process, and is one you can trust. RoadLoans ticks each of these important boxes for its customers and part of the reason is that we’re an established, forward-thinking lender, and a part of one of the largest banking groups in the world. We’re the online, direct-lending platform of Dallas-based auto lender Santander Consumer USA (SC), which in turn is under the umbrella of Spain’s Banco Santander, the world’s 16th largest bank by assets, and named “Global Bank of the Year” in 2017 by The Banker magazine. Our place within Santander means we have a wealth of expertise, resources and experience that goes into the consideration of every auto loan application we receive, the terms offered to customers, and how each retail installment contract is serviced by SC. Whether it’s a new or used … [Read more...] about What RoadLoans’ place within one of the world’s largest banks means for our customers
How does nearly new for half the price of new sound? If that’s appealing, take a look at the range of used-car bargains listed below, where depreciation has dropped the average price of many models by about 50 percent when they reach three years old. iSeeCars.com analyzed 4.1 million vehicle sales to discover the highest depreciating cars with the biggest potential savings, including the overall top 10 best bargains, vehicles under $20,000 and those among the popular SUV segment. The BMW 5 Series sedan, priced $30,846, offers the greatest reduction after 52.6 percent depreciation, while the top 10 includes five other luxury sedans and SUVs priced between $21,000 and $34,000. Among the mainstream cars, depreciation means three almost-new models come in under $15,000, with the Volkswagen Jetta priced at $13,157, the Chrysler 200 at $14,011 and the Volkswagen Passat costing $14,906. Top 10 best bargains on nearly new vehicles Models are followed by average three-year-old used prices … [Read more...] about 32 Used cars that will make your dollars go further
Average monthly payments are $515 for new and $371 for used vehicles Rising car prices contribute to higher payments but longer loan terms temper the monthly increase Auto finance calculators will help estimate what may work for you With a car payment likely to be one of your highest monthly expenses, it’s important to know what you may be able to afford before financing a vehicle for the next several years. Rising car prices make buying a new vehicle more challenging for many Americans and, along with increasing loan amounts, have contributed to the current trend of higher monthly payments. Average loan amounts are up to $31,099 for new and $19,589 for used cars, according to Experian data for the last quarter of 2017, and the average car payment is $515 and $371, respectively. So buyers are increasingly turning to longer loan durations to offset these costs and make their payment more affordable. New and used car loans have crept up to 69 and 64 months on average, while … [Read more...] about What is the average car payment, and what can you afford?