RoadLoans
RoadLoans
RoadLoans is a public company which provides financial assistance to its customers. It is owned by Santander Consumer USA Holdings Inc and is a technology-driven, full-service finance company based in the United States. It focuses mainly on vehicle finance and offers services in unsecured consumer lending. RoadLoans has already completed transactions of $40 billion and claims to have established a relationship with about 14,000 automotive dealers within the country. Apart from those, RoadLoans has also established retail installment contracts with more than 2 million customers. It comes under the category of ‘financial company’ and has between 501 and 1,000 employees. It has its headquarters at Fort Worth in the state of Texas.
RoadLoans services and finances used as well as new cars, apart from providing auto refinance options to customers. This company runs a preferred dealer network, and assists dealers in getting customer leads, as well as customers with financing. RoadLoans was founded back in the year 2000 by the Triad Financial Corp and was owned by Ford Motor Credit Co. Later, in 2005, it was sold to another investment group. The present owners, Santander Consumer USA Holdings Inc., bought RoadLoans in 2009, and set it up as a direct-to-consumer lender.
