Auto Approve Reviews

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About Auto Approve

Auto Approve is an auto loan marketplace that specializes in helping you find a bank, credit union or auto lender for car loan refinancing or lease buyout. By refinancing your vehicle or doing a lease buyout with Auto Approve, you can potentially get a lower APR and start paying less each month. The application process is quick, and refinancing has no out-of-pocket cost.

Pros
  • Nationwide lending network
  • Compare multiple lender rates simultaneously
  • Soft credit prequalification
  • Option to add or remove a co-borrower
  • No application fee
Cons
  • Not a direct lender
  • Rates and fees vary by lender

Helpful Reviews

Wichita, KS
Verified purchase
I was looking for a refinancing program for my car. When I was checking, one of the good interest rates that I saw was from Auto Approve. So, I contacted them. Initially, the resp...

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Evansville, IN
Verified purchase
I did the refinancing of my Nissan Frontier with Auto Approve, and it was a very good experience. They did great and the process was easy and very quick. Compared to the rip-off I...

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What is Auto Approve?

Auto Approve is an online marketplace that connects customers with banks, credit unions and auto lenders for refinancing and lease buyouts on cars, trucks, SUVs, motorcycles and recreational vehicles.

Commercial vehicles and heavy equipment are ineligible for refinancing, as are any vehicles registered under a company name.

How Auto Approve works

Auto Approve helps you refinance your existing car loan by connecting you with lenders in its network. The company itself isn’t the lender; instead, it matches your application with banks, credit unions and finance companies that may offer a new loan with better terms.

The online application is straightforward. Auto Approve doesn’t charge an application fee, though some partner lenders in its marketplace may. When you apply, the company reviews your credit score, monthly income, loan balance, vehicle age and vehicle mileage.

If your application meets the basic requirements, an Auto Approve loan specialist shops it to lenders in the company’s network to find potential refinancing offers. If you choose one of the offers, the new lender pays off your existing car loan and replaces it with a new loan, ideally with a lower interest rate or monthly payment.

How to apply for Auto Approve loans

Auto Approve has a simple application. To apply, you’ll need information about your current car loan, including the balance, interest rate and term. To finalize the application, you’ll also need to provide personal documentation, including:

  • Loan payoff statement
  • Recent pay stubs or bank statements
  • Driver’s license
  • Valid proof of insurance

Once you submit an application, Auto Approve reviews your information and works with its network of partner lenders to determine which refinancing offers you may qualify for. An Auto Approve loan specialist will contact you to walk you through your options.

If you choose an offer, Auto Approve submits your application to the selected lender, and in most cases, you’ll receive a decision within minutes. If approved, Auto Approve then prepares your new loan and title documents for electronic signature. Your rate offer is typically valid for 30 days.

Auto Approve fees

Auto Approve doesn’t charge an application fee. Refinance-related costs are typically rolled into the loan, so you won’t pay anything upfront. However, if your current loan has prepayment penalties, you may still be responsible for those costs.

Your annual percentage rate (APR) will vary depending on your vehicle, loan terms and credit history. Your lender may also have its own fee structure once your new loan is established. Loan amounts, fees and costs differ by lender and state. These may include administrative fees, documentation fees, Department of Motor Vehicles fees and title fees, depending on the lender and repayment term.

FAQ

How much are Auto Approve loans?

Overall costs depend on your loan amount and APR, which can change regularly. To get an idea of rates and fees, you’ll need to submit an application and get a quote.

How do I qualify for Auto Approve refinancing?

To see if you qualify, get a quote on Auto Approve’s website. Getting a quote doesn’t affect your credit score.

Does Auto Approve charge an application fee?

No, Auto Approve doesn’t charge an application fee itself, but some of the lenders in its marketplace might.

Can I refinance a commercial vehicle with Auto Approve?

No, Auto Approve doesn’t refinance commercial vehicles purchased in a company’s name.

Can I choose my refinancing loan term?

Yes, when you refinance a vehicle with Auto Approve, you get to decide if you want to shorten or extend the term of your loan. Auto Approve refinancing loans typically range from one to eight years (12 to 96 months).

Will refinancing with Auto Approve affect my credit score?

Simply getting a quote from Auto Approve doesn’t impact your credit score. But if you choose to refinance with Auto Approve, a hard inquiry will be required, which can temporarily affect your credit score.

Where is Auto Approve headquarters?

Auto Approve headquarters are located in St. Louis Park, Minnesota.

Still have questions?

Is Auto Approve legit?

Yes, Auto Approve is a legitimate auto loan marketplace that connects borrowers with banks, credit unions and other lenders for refinancing and lease buyouts. It operates nationwide and works with a network of partner lenders.

Because Auto Approve isn’t a direct lender in most cases, final loan terms, fees and approval decisions come from the lender you’re matched with. This is typical for loan marketplaces, but it means your experience may vary depending on the lender.

ConsumerAffairs reviewers frequently mention a fast application process, responsive customer support and noticeable savings on interest rates and monthly payments. The service may be a good fit if you want help comparing multiple refinancing offers without applying to each lender individually.

Auto Approve Reviews

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    Page 1 Reviews 0 - 5
    Verified purchase
    Customer ServiceStaffBillingLoan ProcessRatesTransparency

    Reviewed April 23, 2026

    I received something in the mail from Auto Approve saying that my car loan can be a bit lower. I was with another company before and the high payment was killing me every month. So I decided to go with Auto Approve once I saw that it was working and everything looked good. The process was interesting because I've never refinanced my car before. So it was the first time ever refinancing it and my loan specialist, Dre, told me how it works. He was very helpful. He made the process a lot easier for me to understand it and he kept me up to date with everything. I know he got tired of me by the end because I was calling him a lot. If I had any questions, I called him straight and he told me the answer. I went through him with everything.

    When I was trying to send stuff with my address on it in order to send it through to Auto Approve, the process was a bit difficult because they needed an exact thing and I was giving them stuff. That was the most issue that I had with Auto Approve. Other than that, everything was good. The process took four days once I got the email from Westlake saying that I was approved. With the lower rate, I'm not paying as much. I'd like it to be lower, but it is what it is and I'm satisfied with that. I'm very happy to be with Auto Approve, and hopefully, this will save me some money where I'm not struggling so much every month.

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      Verified purchase
      Customer ServiceOnline & AppStaffRates

      Reviewed April 17, 2026

      Auto Approve's rate was something I was interested in. I like the process of doing business with them. It was pretty easy. I was getting up-to-date with the emails and text messages and also keeping an eye on the progress on the website. Auto Approve could be one of the good companies to refer. The only thing I noticed is when I applied online, I gave all the data. I got a rate for 5.49. When I talked to the agent, I was given 5.74 with 700 in fees, which I wasn't aware of. It could be true, but those two things were a bit surprising.

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      Verified purchase
      Customer ServiceTechPunctuality & SpeedStaffBillingRates

      Reviewed April 8, 2026

      We looked up companies to help with refinancing our vehicle. Auto Approve came up on the internet and since they offered a better deal, we went with them. We filled out the application then we got a phone call back. They got one company to give us an approval and a day later, they gave us another one while we were making our decision who we were going with. Then, the second one that came back gave us more of a deal than what we were wanting.

      Auto Approve's reps were very friendly and they explained everything. I was impressed with how fast they were able to get us approved to refinance our pick-up truck. The annual percentage rate could have been lower, but it is what it is. With the way the economy is right now, it suits us. With the equity we had in our pick-up truck, we weren't really able to save any money. But we had 45 days where we didn't have to make a payment, so within that time, we were able to save a payment and a half and put it towards other bills.

      Thanks for your vote!
      Verified purchase
      Customer ServicePunctuality & SpeedOnline & AppStaffEase of UseLoan Process

      Reviewed April 6, 2026

      I got a letter from iLending and that made me start looking into refinancing my loan. Then I saw Auto Approve was highly-rated, so I ended up going with them. Their website was easy to navigate and they were very efficient. The lending process was simple and all the steps were done within five days. The person I was working with directly for the loan was named Dan and he was really helpful. When I had a question, he was able to get back to me really quickly. He gave me a phone call and explained it over the phone.

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      Verified purchase
      Customer ServiceTechPunctuality & SpeedStaffRates

      Reviewed April 4, 2026

      I was looking for a lower interest rate for my car. A few different vendors called me and Auto Approve provided me the best interest rate. I went with them. I sent them several documents through email and I also filled out a form and signed it. I needed to sign a few signatures on the paper. I printed out, and they offered me an envelope and prepaid shipping labels. I just mailed all the documents to the Vista prepaid label. The overall process was pretty convenient. There were different people, different staff I interacted with, but they followed up with me. Overall, the experience felt like I was taken care of.

      Most people mainly only care about the money part, generally. For example, if another vendor provided me an even lower interest rate, but probably a worse service, I would probably still go with them. Because the money part is the most important thing that most people care about. But overall, with Auto Approve, they provided me the lowest interest rate, and also, the overall service was pretty good. I will recommend my friends to go with Auto Approve.

      However, once I told them I would probably wait a weekend or a couple more days because I was just comparing different vendors, they were a little bit rushed and kept asking me, "Have you signed?" or, "Can you mail me the documents I require?" But overall, I think that was understandable because they just wanted to complete the business.

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      Verified purchase
      Customer ServicePunctuality & Speed

      Reviewed May 9, 2026

      I checked other lenders and Auto Approve seemed to be much easier and more trustworthy than the other ones. The whole process was pretty easy with them. I liked how quick the response was to any questions I had.

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      Verified purchase
      Punctuality & SpeedStaff

      Reviewed May 7, 2026

      Tracy was very friendly and she explained to me very clearly nice team. Keep up the great work. Process was very smooth and very fast. Thanks Auto Approve for all the support during this process. Gracias.

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      Verified purchase
      StaffEase of Use

      Reviewed May 6, 2026

      It was very easy to navigate the website of Auto Approve, and the people were very responsive. Everyone was very polite and explained everything pretty well. My experience with them was very positive.

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      Verified purchase
      Customer ServiceCoverageStaffLoan Process

      Reviewed May 5, 2026

      My previous loan balance was $48,000. Now my loan balance is $53,000. How did that happen. I was told if I sign up for insurance for tires, windshield etc. someone would call me help me recover some of the $5,000 in the same insurance from Honda. No one has called.

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      Verified purchase
      Customer ServiceOnline & AppStaffRates

      Reviewed May 1, 2026

      Auto Approve had the simplest process. I just went on their website and put all my information in and somebody contacted me and they did the rest for me. Their representative was very good. Everything was handled with great customer service. The annual percentage rate and terms were perfect for what I was looking for. I'd tell others it was a simple experience and I would urge them to do the same.

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      Auto Approve Company Information

      Company Name:
      Auto Approve
      Address:
      233 South Wacker Drive, Suite 3900, Floor 39
      City:
      Chicago
      State/Province:
      IL
      Postal Code:
      60606
      Website:
      www.autoapprove.com