Auto Approve summary
Pros
- Fast online application
- No fees for applying
Cons
- Does not offer purchase loans
Editorial score
Online experience
Has learning resources, access to rates, mobile app
Customer services and support
Multiple ways of reaching lender, wide range of hours
Loan Types
Offers most loan types
Repayment Flexibility
Offers multiple repayment plans- but no special repayment programs
Eligibility (credit score)
Doesn't cover bad credit
Call Auto Approve 8667733823
Suitable for?
Auto Approve’s fast response time and extensive lender network make it ideal for anyone who is being dragged down by auto loan debt. It's appropriate for anyone who makes the required minimum monthly income but needs to refinance to renegotiate their monthly auto loan payments to make them more manageable.
Features
- Fast and easy application process
- No application fees
- Wide lender network
- Low qualification requirements
- Useful refinancing comparison calculator
- Covers almost every vehicle
The application process is fast and free, so it’s easy to get a quote for refinancing your auto loan without losing anything in the process. Because Auto Approve accepts almost every type of vehicle, including boats, RVs, ATVs, and motorcycles as well as cars, trucks, and SUVs, it’s likely to have a refi solution for everyone. Auto Approve has a wide lender network which includes credit unions, finance companies, and online lenders nationwide to be able to offer a better deal for your auto loan debt.
Auto Approve doesn’t only offer refinancing for loans for cars and trucks but also extends to cover almost every type of vehicle. The fact that it is short, easy application process without any fees, also makes it more attractive, especially if you need to refinance your debt in a hurry. Auto Approve’s wide range of lenders around the country makes it an attractive option since it gives you access to many more financing options.
Application Process
Applying for an auto loan refinance through Auto Approve is fast and easy. The initial loan application form is available online and takes just a few minutes to complete with your basic personal information, current loan payment amount, and your reason for refinancing.You can even get a quote without entering your social security number. Auto Approve responds with a quote within minutes of receiving your application,based on the information you have provided.
Once you’ve got an initial quote, you’ll get a follow-up phone call from your own personal loan consultant to complete the loan application. You’ll be asked to provide specific information regarding the vehicle (mileage, options), confirm your personal information (e.g., place of residence, employment) and to send documentation that includes your:
- Driver’s license
- Proof of auto insurance
- Current registration documents
There's no application fee with Auto Approve, and once you get a loan offer, it remains valid for 30 days.
To be eligible for auto loan refinancing with Auto Approve, you need to meet these conditions:
- Your car, truck, motorcycle, ATV, boat, RV, or other vehicle is registered in your name
- Your vehicle is not more than 8 years old and has fewer than 100,000 miles
- Your gross monthly income is at least $1,500
- Your current auto loan is over $7,500
Loan Types and Terms
Auto Approve operates as an online marketplace, giving borrowers access to a wide lender network that includes direct lenders. Rates start at 2.94% APR.
How Safe is It?
Auto Approve's website is secured with HTTPA technology and all data are sent through a secured channel. Also, the company has received an A rating from the BBB and is recognized as a Top 3 auto finance company for customer satisfaction for two quarters.
Help & Support
Auto Approve provides a toll free number and e-mail address and responds quickly to inquiries. The customer reviews that are shared on the website agree that the customer service is quick and helpful.
Email address: info@autoapprove.com
Call Auto Approve 8667733823
Summary
Overall, Auto Approve offers a very useful service by helping borrowers refinance their auto loans. The many vehicles covered by Auto Approve and the easy eligibility requirements give hope to many borrowers who are being dragged down by auto loan debt.
Physical Address
233 South Wacker Drive
Suite 3900, Floor 39
Chicago, IL 60606
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.
