Through the AutoTrader.com site, shoppers interested in a direct lending option can access financing through RoadLoans.com. Shoppers will see the RoadLoans.com finance option when they indicate they need financing. Once on the RoadLoans.com site, shoppers can complete a secure online loan application and receive a loan decision in seconds. Consumers may customize their loan, select their preference for APR, loan term, and down payment amount.
"The transition from online car shopping to offline purchasing is not as smooth as it could be, and we're looking for ways to fill this unmet need for consumers," says Matt McKenna, senior vice president of national accounts at AutoTrader.com. "With the RoadLoans.com solution integrated into AutoTrader.com, consumers will be able to access an instant direct-to-consumer financing option to help them move forward in the car buying process."
RoadLoans.com, owned by Santander Consumer USA , finances new and used cars for customers with all types of credit. The site also offers customers the opportunity to refinance existing auto loans.
"RoadLoans has helped hundreds of thousands of people receive auto financing, while AutoTrader.com is a trusted brand by millions of consumers," said Lana Johnson, vice president of originations for Santander Consumer USA.