Is OpenRoad Lending legit?

Yes, OpenRoad Lending is a legit lending service.

Average rating: 4 / 5
Weighted average rating: 4.41 / 5
Based on 6836 reviews from 7 sources

Go to openroadlending.com

More Details

Positive highlights

Had a great experience with these guys and I ended up with one of their happiest customers. My wife and I contacted them to refinance our SUV and get a loan better than what we are paying right now. We saved a hella lot of money by consulting them. The staff were nice too, polite and very direct which was an added plus point

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I recommend OpenRoad Lending Auto Refinance because it is easy to use and I have used it before. It's a great way to refinance your car loan, make sure you can afford the payments, and get cash when you want it.

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Ease of getting my loan approved from beginning to end. Only took a couple of days and my loan was financed, and my pay offs was sent to creditors. Excellent service.

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Negative highlights

The worst company. Messing up my credit while trying to fix my credit. Do not do business with them.

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Social Security number required to submit initial application.

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This lender appears to be genuine, but I uploaded documents twice to the secure site and the loan officer kept insisting I email the documents to him instead. He was unable to access his secure site.

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Full review

OpenRoad Lending Review

OpenRoad Lending is a leading online lender that offers a range of financing options for consumers looking to refinance their auto loans. The company has been in business for over a decade and has helped thousands of customers save money on their car payments. In this review, we will take a closer look at the key features of OpenRoad Lending, the pros and cons of using the service, and answer the question of whether the company is legit.

One of the standout features of OpenRoad Lending is the wide range of loan options available to customers. The company offers refinancing options for new and used vehicles, as well as financing options for leasing and purchasing a new car. This means that regardless of your current financial situation or car ownership status, you should be able to find a loan option that meets your needs.

Another key feature of OpenRoad Lending is the easy online application process. The company's website is user-friendly and allows you to apply for a loan in just a few minutes. You can also easily track the status of your application and communicate with the company through the website or through their customer service hotline.

One of the major pros of using OpenRoad Lending is the potential to save money on your car payments. By refinancing your auto loan, you may be able to secure a lower interest rate, which can significantly reduce the amount you pay each month. The company also offers a range of payment plans and loan terms, so you can find a repayment schedule that works for you.

On the downside, one potential con of using OpenRoad Lending is that the company does charge origination fees for its loans. This means that you may have to pay a fee upfront to secure your loan, which can be a drawback for some customers. Additionally, the company's loan terms and rates may not be as competitive as those offered by other lenders, so it's important to compare rates before committing to a loan.

So, is OpenRoad Lending legit? In short, yes. The company has been in business for over a decade and has a strong reputation in the industry. They are also licensed and regulated by the appropriate authorities, which adds an extra layer of protection for customers. Overall, OpenRoad Lending is a reliable and reputable online lender that offers a range of financing options for those looking to refinance their auto loans.

In conclusion, OpenRoad Lending is a reliable online lender that offers a range of financing options for consumers looking to refinance their auto loans. The company has an easy online application process and the potential to save customers money on their car payments. However, it's important to be aware of the potential fees and compare rates with other lenders before committing to a loan. Overall, OpenRoad Lending is a legit company that is worth considering if you're looking to refinance your auto loan.

Key Features

Wide range of loan options for new and used vehicles, leasing, and purchasing a new car
Easy online application process
Track application status and communicate with customer service online or through hotline

Pros

Potential to save money on car payments through refinancing
Various payment plans and loan terms available

Cons

Origination fees may apply
Loan terms and rates may not be as competitive as other lenders