Auto Approve is an online refinancing company that boasts simplifying the refinance process making it faster and easier for consumers to find an auto refinance option that works for them. The company specializes in vehicle refinancing and is an excellent resource for anyone looking to get out of a high-interest auto loan, as the company connects you with multiple lenders in its network, allowing you to find the best refinancing option for your car loan. By refinancing your vehicle with Auto Approve, you can get a lower interest rate on your loan and lower your monthly payment, saving you more money.
Auto Approve prides itself on providing excellent and personalized customer service. Every client is assigned an individual loan consultant who is there to help you find the best refinancing solution and answer any questions.
Continue reading for pros and cons, and Auto Approve reviews from real customers.
Consumers can get a free quote from Auto Approve. While free quotes are nothing new in the industry, Auto Approve does not require you to provide a social security number. Most lending companies need users to enter their social security number on the initial application to run a credit check and see your credit report.
Filling out the online quote form is simple and should only take a few minutes. Users will need to enter their name, birth date, phone number, email, address, estimated credit score, vehicle details, and employment status. From this information, Auto Approve will generate a list of loans that you qualify for. However, if you're on the fence or unsure about which loan to choose, just remember you can ask your assigned loan consultant for more information or help.
Auto Approve does not charge an application fee. Additionally, you can get a free quote and completing your refinance doesn't require any out of pocket expenses.
Keep in mind though, that once you choose to move forward with the refinancing process, you will have to pay for the cost of refinancing your auto loan which includes admin/doc fees, title transfer fees, state fees (if applicable), and the cost of any extra service you choose to add (GAP, extended warranty, and other optional service plans).
Auto Approve has made it so most people can get their auto loan refinanced in just three easy steps. The first step is to fill out the online form and receive a free quote. The next step is to work with your loan consultant to pick the best lender, rate, and optional service plans. Auto Approve makes the last step a breeze by getting you approved, delivering your complete loan package, and paying off your high interest loan. Plus, the company will even take care of all the DMV paperwork. Overall, the approval process is quick and easy, which could save you more time and money.
When you submit an application with Auto Approve, you will be provided multiple lending options from its network. Because Auto Approve is not a direct lender, there is a greater chance of approval for borrowers of all credit levels. Generally, direct lenders will require a high minimum credit score for refinancing loans, but as a lending marketplace, Auto Approve provides multiple options, allowing the borrower to pick the best lending partner based on their financial circumstances and needs. In addition, subprime borrowers may have an increased chance of approval.
Auto Approve prides itself on a personalized approach to auto refinancing, and assigns each customer a dedicated loan consultant that will help find the best refinancing rates and terms. If you have questions or concerns throughout any part of the auto refinancing process, your consultant will be there to answer questions and guide you through the loan process.
Auto Approve refinances more than cars; you can refinance the following:
Auto Approve does not refinance commercial vehicles or heavy equipment machinery.
Anyone working with Auto Approve can rest easy knowing that the company only works with credible lending partners who use up-to-date data security software. Thus, your personal information will be protected and you can find further assurance in the fact that Auto Approve does not sell, rent, or lease its customer lists to third parties.
It is important to note that Auto Approve reviews are currently limited, but the majority of reviews are positive, highlighting the quick and easy application process, as well as excellent customer service.
At this time, Auto Approve does not refinance commercial vehicles or heavy equipment machinery. Also, Auto Approve cannot refinance a vehicle under a company’s name.