RoadLoans

RoadLoans is a direct-to-consumer auto lender operating online and specializing in subprime auto loans. Established in 2000, RoadLoans finances and services new and used car loans as well as offering auto refinance options.[1]

RoadLoans
IndustryFinancial services
Founded2000 (2000)
Headquarters
Dallas, Texas
Key people
Scott Powell, CEO, Santander Consumer USA Holdings Inc.
ProductsAuto loans and refinancing, dealer leads services
BrandsRoadLoans
ServicesAuto Loans
ParentSantander Consumer USA Holdings Inc.
Websiteroadloans.com

The Dallas-based company is a provider of subprime auto loans in the United States.[2] It has relationships with automotive dealerships and operates a preferred dealer network in which dealers can receive both consumer leads and financing for customers.[3]

RoadLoans is the online auto lending division of Santander Consumer USA Inc. (“Consumer”), which is a subsidiary of NYSE-listed Santander Consumer USA Holdings Inc. (“Holdings” and together with Consumer collectively referred to herein as “SC”), which is in turn part of the Santander Group.[4]

History

RoadLoans was established in 2000 by Triad Financial Corp., owned by the Ford Motor Credit Co., and in 2005 it was sold to an investment group. RoadLoans was purchased by Santander Consumer USA Holdings Inc. in 2009 as its direct-to-consumer lender.[5]

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References
  1. “Company overview of RoadLoans,” Bloomberg Business
  2. “Best bad credit auto loans of 2015,” Simple Dollar
  3. “RoadLoans: A new kind of lead program,” Auto Dealer Monthly
  4. “RoadLoans Teams with Trustpilot for Independent Customer Reviews and Opportunities for Service,” Yahoo Finance
  5. “Merger raises question about finance veteran Landy’s next move,” Automotive News


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