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OpenRoad Lending Review

Reviews 1,875
OpenRoad Lending
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OpenRoad Lending
OpenRoad Lending
Reviews 1,875
Bestmoney Staff
Jun. 16, 2022
2 min read
BestMoney Staff
OpenRoad Lending Summary
OpenRoad Lending provides auto loans and refinancing deals from a variety of different lenders throughout the US.


  • No charge for making an application
  • Receive offers within minutes


  • Minimum income of $1,500/month needed to apply
  • No refinancing of commercial vehicles, motorcycles or RVs

OpenRoad Lending at a glance

Editorial score

Online experience

Online application but no learning resources

Customer services and support

Limited ways of reaching lender

Loan Types

Offers most loan types

Repayment Flexibility

Offers multiple repayment plans- but no special repayment programs

Eligibility (credit score)

Accepts all credit types

OpenRoad Lending OpenRoad Lending View Rates

Suitable for Whom?

OpenRoad Lending is for people with a reasonable credit score, of at least 500, and a monthly income of $1,500 and above, looking for to improve their current car loan.

If you are paying high interest on your car loan and are looking for lower rates, OpenRoad Lending claims to offer the most fitting match possible. This means that it puts you in contact with the lenders who suit your situation and requirements.


After applying online, OpenRoad Lending will tell you what kind of loans you are eligible for within minutes. The online refinance savings example explains exactly how it can help you save on your car loan, with the potential to save up to $100 a month.

Other important features include a free credit score and free credit repair consultation. There are other free features like auto insurance quotes and free loan application when submitted through the website.

Pros and Cons

OpenRoad Lending has a number of key features that stand out:

  • There are no application fees involved in applying for a loan online, meaning there is no upfront payment.
  • Response time is good and the customer service team is available to answer any queries.
  • Find out within minutes of applying whether or not you are eligible for a loan.

However, there are a few things that you need to know before applying to OpenRoad Lending:

  • There are no loans for commercial vehicles, motorcycles, Daewoo, Smart Cars or Isuzu vehicles.
  • hat support and the customer care is only available between 8am to 7pm Monday to Friday.

Application Process

The online application process is quite simple and takes just a few minutes. After filling out a very basic form, OpenRoad will get in touch with you to discuss your options. Keep in mind that certain requirements need to be met before you apply:

  • Minimum monthly income $1,500, not including income generated from Uber or similar Taxi services.
  • The financed vehicle must be no older than 15 years.
  • The vehicle must have done less than 160,000 miles.
  • Refinance is not available for the models of vehicles which are no longer being manufactured.
  • A $5 to $80 state transfer fee charged by states for titling and transfer will be charged depending upon the state in which you reside.

After applying, a service representative will contact the customer to offer assistance and the entire process normally takes a few days.

Loan Types and Terms

OpenRoad Lending  is not a direct lender, but rather puts you in contact with a lender according to your needs. The loans offered are available for a period of 36 months to 84 months. The minimum loan amount is $7,500 in most states and a maximum loan amount of up to $100,000 can be applied for refinancing. The most popular loan type from is Car Refinance. The following documents are required for refinancing:

  • Proof of residence, for address verification
  • Proof of income, to show you are making more than $1,500 a month.
  • Vehicle title

Repayment Options

The loan period can be decided depending upon your requirements as well as the amount you can afford to pay in your monthly payments. There are late fee charges if the loans are not repaid on time. There is no prepayment of loans and the benefits will not be there if the loans are paid in advance.

How Safe is It?

Applying for a Loan with OpenRoad Lending is safe and your confidential information that you share is completely secure.

Help & Support

OpenRoad Lendingcan be contacted toll-free on: 1-888-536-3024. Customer service representatives are available Monday to Friday, 8am to 7pm CST.


OpenRoad lending is a fast growing company that offers car refinancing at competitive rates and has some good features that could help an average car owner looking for some savings. Free and added features can certainly be helpful. It is worth considering OpenRoad Lending if you are looking for an option to get your car refinanced.

OpenRoad Lending OpenRoad Lending View Rates

Physical Address

555 N. Beach St. Ste. 4100

Fort Worth, TX


BestMoney Staff
Written by
Bestmoney Staff
Our editorial staff consists of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the right provider for your needs.
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Trustpilot reviews
See what some customers are saying about OpenRoad Lending
Excellent • Reviews 1,875
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
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Jeri E
2 weeks ago
I can honestly say I have worked with a…
I can honestly say I have worked with a more efficient company. No going back and forth for this we missed or that. From the very beginning they we very kind the whole process was done in days. They treat you like real people, one of the thing’s several companies have list along the way. Thank you for all you do.
2 weeks ago
Sara was amazing from start to finish!
Sara was amazing from start to finish!
Victor Retana
2 weeks ago
Customer service was great and the…
Customer service was great and the process was mostly done through my phone job verification through workday and insurance verification by a similar verification engine everything was fast, easy, and convenient. Highly recommend!
Amy Watkins Littlefield
1 month ago
I had such an amazing experience with…
I had such an amazing experience with Openroad Lending. Delmar Brown walked me through the process of refinancing my vehicle and I saved over $100 each month with a lower interest rate. Thank you for all your help!
Cleveland Smith
1 month ago
OpenRoad Lending has set the standard!
OpenRoad Lending has set the standard for the refinancing experience! The process was so simple and stress free that I thought it was too good to be true. My agent Julio Mileo was a pleasure to work with. He answered all my questions and made the process a breeze. I highly recommend using them!