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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 interest rate on your loan and start paying less each month. The application process is quick, and refinancing has no out-of-pocket cost.
Pros & Cons
- National lending network
- Compare rates from various lenders simultaneously
- Pre-qualification with soft credit check
- Add or remove co-borrower
- Eligibility limits
- Application not fully online
- Customer service not available on weekends
- Not a direct lender
Auto Approve is an online marketplace that partners with a nationwide network of banks, credit unions and lenders to refinance your car loan at a better interest rate. The company has a quick online application process and no application fee.
Top Auto Approve Reviews
Had a very good and polite person to handle my questions. Really helped me out when I needed it the most. Very nice and dependable person that I dealt with. Very pleased! I would ...Read full review
Very Fast and easy re-finance process.. great and friendly customer service. I received a rate 4% less than what I was paying before Auto Approve and was able to get it all done i...Read full review
What is Auto Approve?
Auto Approve is an online marketplace of banks, credit unions and auto lenders that helps customers find refinancing and lease buyouts for cars, trucks, SUVs, motorcycles, RVs, boats and ATVs.
How does Auto Approve refinancing work?
Auto Approve’s loan applications are simple and straightforward. Auto Approve itself does not charge an application fee, though some of the lenders in its marketplace may charge one. If you're approved, a loan expert works with Auto Approve’s network of banks, finance companies and credit unions to find the right interest rate on your auto refinancing loan. The company states users save an average of over $100 per month.
How to apply for Auto Approve loans
Auto Approve has a straightforward application process. To apply, you need information on your current car loan amount, rate and term. You also need some specific personal documentation, including:
- Loan payoff statements
- Recent pay stubs or bank statements
- Driver’s license
- Proof of valid insurance
- Residence permit or proof of citizenship
Once you submit an application, it is reviewed by the lender. The specialist then quickly contacts you to let you know if your application is approved. Auto Approve partners with an extensive network of banks, finance companies and credit unions across the country, which allows them to provide details on the best available refinancing offers. The offer is valid for 30 days, so you can compare loan offers across other websites without losing your set rate.
Auto Approve fees
Auto Approve does not charge an application fee, and all refinance-related costs are included in the amount financed, so refinancing requires no out-of-pocket costs. However, if your current loan has prepayment penalties, you may be required to cover 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 usually include admin fees, doc fees, DMV fees and title fees, depending on the lender and repayment term.
Auto Approve 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 does not itself charge an application fee, but some of the lenders in its marketplace might.
Can I refinance a commercial vehicle with Auto Approve?
No, Auto Approve does not refinance commercial vehicles that are bought under 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 seven years.
Where is Auto Approve headquarters?
Auto Approve headquarters are in Plymouth, Minnesota.
Is Auto Approve legit?
Auto Approve is a legitimate marketplace that partners with banks, credit unions and other lenders across the country. If you're searching for a way to lower your monthly payments or the interest rate on your current car loan, refinancing your car through Auto Approve could be the answer.
Auto Approve Reviews
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I am most satisfied. All of my questions were answered, and they did everything to help me file my papers. I was very hesitant about calling Auto Approve, but once I spoke to Michael I felt at ease. I will not hesitate to recommend this company to anyone.
Simonia, thanks for taking the time to post a review! We're so glad that you had a great experience with Michael! We certainly loved working with you and we look forward to doing so again in the future! Please refer Auto Approve to your family and friends.
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Professional and thorough. While the process took 4 weeks, they stayed in touch with me as they collected the necessary information. Danny ** and David ** were the 2 gentleman who helped me. I appreciate all that they did to finalize the process.
Evonne, thanks for taking the time to post a review! We're so glad that you had a great experience with Danny and David! We certainly loved working with you and we look forward to doing so again in the future! Please refer Auto Approve to your family and friends.
I'm so glad I got Auto Approve service to refinancing my truck, they were all very professional, polite and understandable personnel. So quick to responded any questions or concerns as well. I'm so thankful to Kyrie and Simón with the service they provided me with. Absolutely 100 % will recommend them to friends and families.
Susi, thanks for taking the time to post a review! We're so glad that you had a great experience with Kyrie and Simon! We certainly loved working with you and we look forward to doing so again in the future! Please refer Auto Approve to your family and friends.
I was very nervous doing business over the phone, but Curtis reassured me that it was not a scam. He was very patient, confident and understanding. Answered all my questions and doubt. Thank you Auto Approve for getting a refinance loan on my vehicle. And thank you Curtis for your excellent customer service skills and knowledge!!!!
Eliza, thanks for taking the time to post a review! We're so glad that you had a great experience with Curtis! We certainly loved working with you and we look forward to doing so again in the future! Please refer Auto Approve to your family and friends.
Very helpful and courteous. Made the experience so easy and flawless. I would recommend them to anybody. I liked the fact that I could text them all my information. I'm not too computer savvy and they were so helpful. I'm very glad they contacted me about a lower interest rate.
Becky, thanks for taking the time to post a review! We’re thrilled to see you had a positive experience with Auto Approve. Our goal is always to provide great service to our customers and make the process as seamless as possible. Please refer Auto Approve to your family and friends.
James ** was great to work with. Everything was explained and all my questions were answered. The process moved very quickly and smoothly. I have never had getting a new loan move so fast. I would recommend Auto Approve to anyone.
Susan, Thank you for taking the time to share your experience with us. We're delighted that James was able to provide you with exceptional service and look forward to working with you again in the future. Please refer Auto Approve to your family, friends and colleagues.
My experience was great and I’d definitely consider them for another car loan. William was great to work with and he made sure that we were very satisfied!!!! If I could give 100 stars I would!!! Everything about the entire was easy!!
Terry, thanks for taking the time to post a review! We're so glad that you had a great experience with William! We certainly loved working with you and we look forward to doing so again in the future! Please refer Auto Approve to your family and friends.
It was a horrible experience from beginning to the end. The agent keeping giving my info to 3rd parties and running my name for credit and other companies and dropped my credit score from 691 to 614. This is very unprofessional and it was illegal to keep giving my information out to the 3rd parties. I will never do business again here.
Jesus, thank you for providing feedback. Auto Approve does not sell or share any of our customers’ personal and private information. We use it exclusively for the purposes of refinancing. We only send it to our Lending Partner(s) for a firm offer of credit, however they are not “3rd parties”. We were unable to locate your account with the limited information available to us, however we would love the opportunity to address your concerns with you. Please reach out to us at email@example.com and someone will be happy to speak with you.
I appreciate the help I received and that all was handled in a timely manner. Thank you for your help. I have and will tell my family and friends about this service. Again thank you for all of the help you have given.
Donna, thanks for taking the time to post a review! We strive to provide great service, and we’re always excited to see our customers share their positive experiences. We look forward to assisting you again in the future and congratulations on your refinance!
Excellent service and fast. Easy to work with and on top of everything. Will recommend to anyone. I will try to refinance another vehicle as soon as this loan is complete. This service was excellent and easy to understand and work with.
Raymundo, thanks for taking the time to post a review! We strive to provide great service, and we’re always excited to see our customers share their positive experiences. We look forward to assisting you again in the future and congratulations on your refinance!
Auto Approve Company Information
- Company Name:
- Auto Approve
- 233 South Wacker Drive, Suite 3900, Floor 39
- Postal Code: