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]
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.