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OpenRoad Lending Reviews


bestfor-icon Auto loan refinance for fair/poor credit

Written by Bob Phillips

About OpenRoad Lending | Read More


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Mon-Fri 8am-7pm CST
Sat-Sun Closed
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  • LoanHelp@OpenRoadLending.com
  • (888) 536-3024
  • Headquarters: 5555 N. Beach St. Ste. 4100 Fort Worth, TX. 76137
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OpenRoad Lending Auto Loans Review

OpenRoad Lending provides refinancing loans at competitive interest rates. They do not fund loans themselves but connect potential borrowers with lenders.

OpenRoad Lending Auto Loans Highlight


Min Credit Score


APR. Fixed Rate


APR. Variable Rate


Loan Amount

36-84 months

Repayment terms


Soft Credit Pull


Lender Type


Other Fees


Origination Fee


Prepayment Fee

1 days

Funding Time

8 Years

Max Vehicle Age

Auto Loan Refinance


Refinance Amount

Pros & Cons

  • con-icon Since OpenRoad Lending is a marketplace applicants can receive multiple loan offers with a single application
  • con-icon Some applicants receive approval with credit scores as low as 500
  • con-icon Depending on the vehicle’s age and condition, loans go as low as $7,500 and up to $80,000
  • con-icon Prequalify with just a soft credit check
  • con-icon Applying for an auto loan refinance could result in multiple hard credit inquiries as OpenRoad Lending attempts to find a suitable lending partner
  • con-icon Vehicle restrictions could narrow the choices when car shopping
  • con-icon OpenRoad Lending does not refinance auto loans in Alaska, Hawaii, New Hampshire, Nevada, North Dakota, South Dakota, Vermont, or Washington, D.C.

Auto Loan Types

  • Unsecured Auto Loans
  • Simple Interest Loans
  • New Car Loan
  • Used Car Loan
  • Private Party Loans
  • Auto Refinance Loans

Vehicle Types

  • Car
  • Truck

OpenRoad Lending Auto Loans Terms & Requirements

Open Road Lending only offers vehicle refinancing at this time. Vehicles cannot be older than 8 model years and must have under 140,000 miles. OpenRoad Lending’s terms and requirements are industry standard and acceptable.

How to Apply

The process to apply for a vehicle loan through OpenRoad Lending is fast, with only one screen to complete, which includes personal and vehicle information:

Qualification Requirements

  • Minimum FICO credit score: 500.
  • Minimum credit history: Four months.
  • Minimum annual gross income: $24,000.
  • Maximum debt-to-income ratio: Did not disclose.
  • Bankruptcy-related restrictions:  Discharged bankruptcies are OK.

Required Information

Will vary by lender, but may include:

  • Proof of address
  • Last pay stub to verify income
  • Driver’s license
  • Banking information

Application Steps & Time Frames

  • Complete application (5 minutes)
  • Wait for approval or decline (usually under 5 minutes)
  • Receive funding (usually 1-3 business days, depending on the lender)

State Availability

Available - Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wyoming,

Not Available - Hawaii, Massachusetts, Nevada, North Dakota, Vermont, Wisconsin,

Written by Bob Phillips linkedin-icon twitter-icon

Having spent over fifteen years helping people plan their lives financially, Bob has a vast amount of knowledge concerning personal finance. During his career, Bob mastered many different financial products to help people achieve their financial goals, including life insurance, disability insurance, mutual funds, and stocks and bonds. He earned the Chartered Life Underwriter (CLU) designation and held numerous securities licenses. Bob is an internationally published poet and is now a freelance writer living in North Texas with his wife and Doberman puppy.



Does OpenRoad Lending charge an application fee?

With OpenRoad Lending, there’s no obligation to apply, no hidden costs, and no application fees. You have the flexibility to apply with us and, upon approval, receive a free, no-obligation quote so you can choose the auto loan that is right for you.

What happens after my loan is approved?

You will be able to download your refinance loan package. Your loan package will include specific instructions to complete the refinancing process. Requirements will vary by customer, but generally, you will need to sign a Loan and Security Agreement, give us information about the current loan you are refinancing and provide proof of your current income.

Do you check my credit history when I apply for a loan with OpenRoad Lending?

A soft credit pull is done when you apply with us, meaning your credit will not be affected. The lender providing you with the loan may do a hard credit check, which can have a negative impact on your credit score.

Customer Support

OpenRoad Lending does not offer customer support after a loan is funded. Borrowers must seek service for their account directly from the lender who made the loan. However, OpenRoad Lending does have a toll-free phone number for inbound callers seeking sales support and needing questions answered before applying.

In Conclusion

OpenRoad Lending is a reputable company with an A+ rating from the Better Business Bureau (BBB). It provides quotes from different lenders within minutes of when someone submits an application. OpenRoad Lending does not fund or service the loans; they strictly match prospective borrowers and lenders.