Lendward Avis 

Invasive letter in the mail?
So! After a couple calls to Lendward and sitting down with their partnered dealership:
The short answer is this is just a mailer to get people through the door! Nothing special. Nothing new.
Misleading language on this letter:
This is NOT some kind of new loan termination. If you are stuck in a position where your vehicle has negative equity that still reigns true! They will go about it the same as all lender do: take the difference of your vehicles worth and minus that from the remainder of your loan. That residual amount, negative equity, will roll over into your new auto loan if you choose to go ahead and do business with whatever dealership won the special spot at the top left of your mailer lol. Same as always.

This is NOT a pre-approval. You might already know, but when you go to your favored lender and apply for a preapproval, they give you a set amount and you can click your heels together and take that piece of paper to any dealership and sometimes private seller you want! Girl, this is not that. Flip that letter over and you'll see how they've safety netted themselves. This is a prescreening. That's how they had so much specific information about your financial situation. But you can do what they've done and use things like myFico to loosely judge your financial situation and figure out for yourself if its time to ditch your vehicle. Do not let them pull you credit and disrupt your credit building progress for something you already know.

So no they aren't giving you a clean slate and just paying your remaining balance. You'll still have negative equity and the dealership will most likely try to put you in something much much more newer and expensive to make sure lenders dismiss the negative equity and still make a significant profit without risk.
All that being said, they are a legitimate business. They do help people. They're a bit young, 2015 founded so as of now 10 years old, but they have more good reviews than bad. Just be informed, know your situation better than them, and figure out if they're right for you next auto loan!

Very pleased with the ease of the whole process. Thank you for accommodating me. I love my new car .

Lisa Ross

Larry Nettles was knowledge & helpful & very curtious. Great salesman

They was fast friendly n very helpful they got me in something i wanted I would recommend them to all my friends

Great informative and fast service

My initial contact with Lendward, was reassuring and what felt like honesty. Upon, meeting Casten, a Lendward representative, he appointed me in the right direction to what later became a awesome car buying experience. Thank You!

I had the time of my life in there they treated me really good. They gave me great communication informed me every step of the way! I’m very happy

I appreciate lendward for communicating with me and the dealership. Went in with a trade in and came home with a new vehicle

Victor set me up with an appointment. I was not disappointed. Drove in with a high mileage vehicle that wasn't going to last the life of the loan and drive off in my brand new vehicle! Thanks!

Everything went Smooth ! The experience was amazing !

The dealership was able to trade in my 19 year old car for a 2021. It's great to know I'm now in a reliable car.

Decided to check out the offer of loan termination/ trade in.. Big Scam!!!! Wasted my day… Not one late payment on current loan, Less than 4,000 on current loan, walked in with 2,000..My payments would have doubled!!! What a joke!

Lenward did an awesome job giving me the opportunity to trade in my car to get a newer one. Thank you so much Lendward!!!! If you get that letter in the mail trust your instinct and act for the opportunity to have a newer vehicle.

Marcela was a great help. Answered all my questions concerning getting a loan. Thank you so much

They were very helpful and communicative from the start all the way to the end of this process . . couldn't of asked for anything else , was happy with the car I got thanks to lend ward and their team for all the support and feedback . . thanks .

Lenward's help was a great help in purchasing a car.

I had a great experience. They were very welcoming and helped me work out My new financing purchase. They were very formal and I ended up with a better deal. In the end I went from a 2011 Hyundai sonata with 161,000 mi to a 2020 Jeep gladiator with 57,000 mi and all the upgrades.

Smooth, exciting and the team were professional and they owned up to their deal.

Safford Brown Honda gave me a great deal for my Toyota Corolla and put me in a Jeep Renegade which l have fallen in love with smartest move l made in awhile

Victor is awesome! Very resourceful, approachable and communicative. Whenever I had a question he was always there to help no matter the time!