SuperMoney Review

ByBestmoney StaffDec. 31, 2020

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In a Nutshell

SuperMoney is an online marketplace for auto loans, auto refinancing, and other types of loans, including personal loans and mortgages. With SuperMoney, users can easily compare and qualify for multiple auto lenders in one form. This platform connects users with great deals for auto purchase loans, refinancing, leasing and even title loans.

pros

  • Compare multiple auto lenders with one form
  • Support for leasing and refinancing
  • Options for borrowers with poor credit

cons

  • Not a direct lender
  • Requires your contact details and SSN
  • Not much in way of customer support

SuperMoney at a Glance

Loan typesAuto purchase loans, auto loan refinancing, lease purchase
Loan amountUp to $100,000
Repayment terms12-84 months
APR 1.90% - 35.99%
Minimum credit score600
Suitable forComparing different types of auto loans in one place

SuperMoney SuperMoney View Rates

Overview 

SuperMoney matches borrowers with loans from its network of partnering lenders. Whatever type of auto financing you’re looking for, SuperMoney sorts through its network to find deals for your profile and preferences. The process is quick, easy, and there are no charges or obligations for the user. All you do is fill out a short online form with details about yourself, your vehicle, and the type of loan you wish to apply for. SuperMoney does all the rest, putting its search tool to work to match you with the most favorable rates.

Suitable for?

As a marketplace, SuperMoney is great for anyone looking to compare several lenders before taking a loan. SuperMoney does in a couple of minutes what it would take the average person a couple of hours to do. It processes the user’s details to match them with the most suitable lender for their needs. One of the great things about SuperMoney is the range of auto loans it deals with, from auto purchase loans to refinancing, leasing, and even title loans.

Features

SuperMoney’s main purpose is to match borrowers with lenders, but it also offers plenty of added value. For example, it offers a wealth of tools and resources to help you decide how to go about financing your vehicle purchase or lease.

Highlights include:

  • Network of dozens of lenders
  • Range of auto financing types
  • Free rates comparison tool that lets you see the basics without registering
  • Free resources to help you understand auto financing
  • Free loan calculators
  • Accepts customers across the whole range of credit scores

Application Process

SuperMoney isn’t a direct lender, but it does help its users get pre-qualified. In fact, because SuperMoney is a marketplace, you can use it to get pre-qualified rates from multiple lenders with the one form. It takes only a couple of minutes to go through the entire process. 

Here’s what you’ll need to provide:

  • Type of auto loan (purchase from dealer; purchase from private party; refinance; or lease purchase).
  • Type of vehicle (new or used, year, make, model, trim, and mileage).
  • Vehicle sale price and down payment.
  • Estimated credit score.
  • Level of education (e.g. high school, bachelors).
  • Employment status (e.g. employed full-time, self-employed).
  • Pre-tax annual income, frequency of payments (e.g. bi-weekly, monthly), and payment method (e.g. direct deposit, payroll check).
  • Details about home ownership (e.g. own with mortgage, own with no mortgage, rent) and size of monthly payments.
  • Name, date of birth, email, phone number, and home address.
  • Details of military service, if relevant (Some lenders offer discounts to servicepeople).
  • Residency status (e.g. US citizen, US resident, non-resident status).
  • Social Security number.

Loan Types and Terms

As mentioned above, SuperMoney matches borrowers with the following types of loans: auto loans for purchase from dealer or private party; auto refinance, or lease purchase. It also helps connect borrowers with auto title loans, a type of loan that lets car owners borrow by putting up their vehicle as collateral.

SuperMoney works with a range of lenders, with deals to suit all types of borrowers:

  • Credit scores of 600-850.
  • Loan amounts up to $100,000.
  • APRs from 1.90% to 35.99%.
  • Repayment terms of 12-84 months.
  • Some lenders charge origination fees, prepayment fees, and late fees—and some don’t.

Repayment Options

Each lender offers its own term options, with the absolute minimum being 12 months and the maximum being 84 months. As is usually the case with auto lenders, all SuperMoney’s partners offer terms in 1-year intervals: 12, 24, 36, 58, 60, 72, and 84 months.

How Safe Is It? 

Although SuperMoney isn’t a direct lender, it does collect users’ personal details in order to share them with the partners in its network. Fortunately, SuperMoney says it doesn’t shop personal data around to the highest bidder. That means you won’t have to face the inconvenience of incessant robocalls.

Help & Support

Because it is mainly an internet operation, SuperMoney doesn’t have an active phone line. If you face any issues, submit a ticket through the SuperMoney website and wait for customer support to get back to you.

How SuperMoney Compares



SuperMoneyLendingTree
APR
1.90%- 35.99%
3.49% - 4.27%- 35.99%
Minimum credit score
600300
Loan amounts
Up to $100,000$7,500 - $300,000
Loan term
12-84 months
12-84 months
Suitable for
Comparing different types of auto loans quickly and easily
Comparing auto loan rates from dozens of lenders


SuperMoney stacks up fairly well in comparison to LendingTree and other top auto loans marketplaces. It works with a wide variety of auto loan options, including purchase loans, refinancing, and leasing. Its lenders cover a wide range of credit scores, loan amounts, and loan terms. Like other marketplaces, SuperMoney forces lenders to compete for the attention of borrowers. As a result, its lender offer competitive rates and occasionally benefits such as no origination fees and no prepayment fees.

Summary

If you’re looking to compare auto loan rates, SuperMoney is a good place to start. One of the strengths of SuperMoney is that it covers the whole gamut of auto lending: from purchase loans, to refinancing, to leasing. That way, if you’re not sure what type of auto loan you need, you can use SuperMoney to compare your options. The service is completely free to use, so you can compare loans as often as you want without worrying about getting locked down by any one lender.

SuperMoney SuperMoney Visit SuperMoney

Physical Address

SuperMoney, LLC
3100 S. Harbor Blvd, Suite 190

Santa Ana, CA, 92704

SuperMoney customer testimonials

ExcellentReviews 219
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Excellent
96%
Great
2%
Average
1%
Poor
0%
Bad
0%
  • author
    Kristina
    Apr 13, 2021
    I used SuperMoney when I was shopping for a new online bank.

    I used SuperMoney when I was shopping around for a new online bank, the website is very helpful. I was easily able to compare rates, minimum balance requirements and fee information; quickly weeding out the ones that didn’t meet my needs. Also, this site makes it easy to apply for accounts or loans by giving a ton of information and a link that takes you directly to the bank’s site. If you’re looking for a loan or want to find a new bank I would highly recommend SuperMoney.

    ...

  • author
    Olivia Benjamin
    Apr 10, 2021
    They are Reliable

    They are Reliable

    ...

  • author
    Cody Perez
    Mar 16, 2021
    DIRECT FINANCIAL USA LOVES SUPERMONEY!!!!

    As a business owner, I’ve been working with supermoney for some time now and regardless of what business I was managing and or owning; Supermoney has always been an essential piece of the puzzle. With Supermoney, my sales staff get no objections about hard inquiries on their credit and our customers get money quickly as Supermoney is a “Point Of Sale” financing platform. While I’m happy to write about my positive experience with Supermoney, I want to specifically thank Mike Elsbree; as he has been there to help me with all my Supermoney questions!! If your thinking about taking advantage of all that Supermoney has to offer; I highly recommend that you reach out to them and ask for Mike as he’ll make sure you have a seamless onboarding process. Thank you Supermoney and Thank you Mike!! No more losing deals due to financing for us!!

    ...

  • author
    William Pickering
    Mar 15, 2021
    It was fast

    It was fast, easy and very helpful.

    ...

  • author
    Kandace
    Mar 12, 2021
    Easy to use and understand

    Easy to use and understand! The companies I knew and wanted to look at were easily found and I had no problem moving around the website.

    ...

SuperMoney