On The Road Lending
On The Road Lending


5 Reasons to Support On The Road Lending on North Texas Giving Day

Support us on the big day!

North Texas Giving Day is approaching, and we couldn’t be more excited to participate in the event. We had a great show of support last year, and we’re hoping for even more this year.

We know there are so many great nonprofits you could give to on North Texas Giving Day, so here’s why we think you should consider supporting us to help people in our community get on the road to a better car, better job, better life.

1. Reliable transportation is a serious problem

We’ve talked to countless people whose commute is three times (more in many cases) what it should be because they take public transportation. What happens when a bus is late? Or a train breaks down? When your livelihood is based on something that’s completely out of your control, there’s a chance things won’t end well.

If you have a vehicle that you drive every day to get to work, drop your kids off at school, even go to get groceries, we recommend putting yourself in the shoes of someone who doesn’t have a car. How would you get to where you need to go? How inconvenient would it be for you? How much would it affect your life?

2. The lack of reliable transportation really affects employment

When transportation isn’t reliable, neither is the individual in an employer’s eyes. Whether a person is late to an interview or constantly late to work (because of a missed bus, late train, etc.), it just looks bad. A car can be the difference between having a job and not having a job. It’s the difference between having the money to support the family and not having the money to support the family. The lack of reliable transportation is a big reason why perfectly capable people lose their jobs.

3. Predatory lending is not OK. Victims need an ally

Imagine paying $10,000 for a car that’s worth less than half of that. It’s exactly what happens to people who buy cars through predatory auto lenders. They’re sold old cars (that have likely had multiple owners — don’t get us started on that!) at extremely high interests. And when they default on those loans, which so many do, the car dealer can just repossess the car and resell it for the same price.

It’s almost as if the lenders are preying on low-income individuals and banking on them to fail so that they can make more money.

… OK that’s exactly what’s going on. And that’s exactly why we’re here. We are that ally.

4. We work with clients on financial responsibility first

We all know the quote: “Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.”

This is something we believe strongly in at On The Road Lending. That’s why we work with our clients for several months to build financial capability first and then arrange an affordable loan through our private-equity loan fund.

5. A car does not equal the end of the relationship

Handing off those keys doesn’t mean we say goodbye to our clients. Rather we keep the relationship going through the life of the loan. That’s five (often more) years of providing financial support and mentorship. (Plus, we really love our clients and want to make sure we continue to be a part of their lives!)

We hope these 5 reasons have helped you see more of what we do and why we do it, and we hope you’ll support us on North Texas Giving Day. Click below for a link to our page.

North Texas Giving Day - On The Road Lending