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Last Updated: 04/18/2025

New Roads Auto Loans

from Consumer Portfolio Services Inc.

Last Updated: 04/18/2025

Mostly recommended7 total votes

5 users recommend

2 users don't recommend

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Highlights

Community Rating

Mostly recommended

Amount Range

N/A

APR (Fixed APR)

Up to 26%(Verified 06/21/2024)

Credit Score Range

300 - 850

Loan Term (Months)

N/A

Number of Reviews

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message from New Roads auto loan

When you finance a vehicle, the financial institution you are affiliated with lends you money as an installment loan. The automobile lenders earn income through charging you interest on the auto loan and for any processing fees associated with the loan. The vehicle itself acts as a kind of collateral for the finance company, giving them the authority to repossess the car if payments are not made in a timely manner. Financial institutions will lend to the consumer a secured auto loan. Secured loans are secure because they are backed by some form of collateral, such as a car. This means that if you fail to make your monthly payment for the loan term, the financial institution can repossess the car and sell it.

Message from our editor

What We Love About New Roads Auto Loans

New Roads Auto Loans has a good reputation for providing car buying options for subprime buyers. Many customers express that they are grateful the company helps them buy a car when others won’t work with them because of their low credit.

The company also offers several incentives based on how and where you buy your car. These include a reduction in interest points, for example, if you buy a car from a certain dealership.

What Could New Roads Auto Loans Do Better?

One of the main drawbacks with New Roads, as with any subprime loan, is the high-interest rate. As a customer, be sure to shop around and examine all of your options before you make the decision to borrow money. Otherwise, you could get stuck paying too much for your loan.

New Roads Auto Loans’ Background

New Roads Auto Loans is a part of Consumer Portfolio Services. Consumer Portfolio Services Inc. (CPS)is a specialty finance company that provides indirect financing for people with credit difficulties who are purchasing vehicles. The company works with car dealers nationwide.

New Roads Auto Loan is the direct-to-consumer division of CPS, and it also specializes in providing financing to “good people with credit problems.” The company believes that even those with poor credit should be able to access financing.

The Verdict

As a division of the large and experienced CPS, the company is no newbie to the bad credit vehicle financing niche. It has been doing so for over two decades and seems to have its system worked out. Customers are often very happy with the experience.

New Roads enables car ownership for many who wouldn’t otherwise be able to get it. With the flexible approval requirements and no down payment, the barriers to ownership are low.

Interest rates will still often be on the higher end, but that is to be expected with higher risk lending. If you have bad credit or no credit, it’s a good company to consider.

Contact

Headquarters

19500 Jamboree Rd

Irvine, CA 92612

Visit Site

Email Support

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SuperMoney Net Recommendation Score

SuperMoney users mostly recommend this product, giving it a user recommendation score of +43, or 3.9 on a 5-point rating scale.

+43

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

New Roads Auto Loans Community Reviews

Would you recommend New Roads Auto Loans to your friends?

Jimmy B.

Jun 24, 2023

May or may not recommend

My experience with the company has been absolutely great. Lisa Peterson has been excellent help in this whole process and the employees as well. This is a company that I am sure that I will let many friends and family know about.

Debra M.

Mar 30, 2023

May or may not recommend

My first time buying a car was superb wanna than Jenny Barandas for working with me being patient explained everything to me and got me approved and now I am excited to be able to build some credit I would highly recommend you guys to everyone.

Shatarra P.

Oct 18, 2022

May or may not recommend

Lori Heaton was the knowledgeable person to work with. She was very patient I didnt feel pressured to make a decision, and most importantly she was very professional. Lori went above and beyond to secure the desired car and ensure quality. It was a pleasure working with her and she definitely cares about the customer. Thanks Lori for everything

Xiomara S.

Aug 5, 2022

May or may not recommend

I worked with Nathan G he is very knowledgeable and resourceful he help me in every step of the way and guide me to the right direction he was able to answer all my questions in a very short period of time. The application process it’s very simple and on point. I am very satisfy with the company and Nathan for providing me with excellent customer service. I will definitely ...Show More

Gail D.

Jun 30, 2022

May or may not recommend

I just want to say New Roads has a terrific employee that help us get funded for our vehicle. Once we found a vehicle under their guidelines it was smooth sailing afterwards.

John W.

Mar 24, 2022

May or may not recommend

Got to the finish and they tell me they do not give self-employed people loans. What a crock!

Dudly H.

Mar 10, 2022

May or may not recommend

I was approved for a loan in December 2021. I did have trouble finding a truck under their guide lines. So I went over the 30 days they give you to find one. I wasn’t told about that in the beginning. I assume it usually doesn’t take that long. Anyway I had to reapply. So I did I sent the exact same thing i did in December. But this time ...Show More

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