AUTOPAY provides direct-to-consumer financing and refinancing for individuals looking for the best financing terms and a no-hassle transaction.
Here's what you need to know about refinancing with AUTOPAY:
Offering competitive interest rates as low as 1.99 percent APR, AUTOPAY is a good option for auto loan refinancing.
Continue reading for a full review of this auto refinance company.
AUTOPAY offers multiple types of refinancing:
With these options you can more easily tailor your refinancing experience to your specific needs and circumstances. It is important to note that not all auto refinance lenders offer cash back refinancing or lease buyouts.
No matter the reason you're refinancing your vehicle, AUTOPAY works hard to make the process short, simple, and entirely online.
To start, you will need to provide some basic information. This includes things like your name and whether you're applying alone or with a co-borrower. You'll also be asked to provide your address, previous address, current employment status, and information about the vehicle and your existing loan.
Once all the e-paperwork is filled out, AUTOPAY will present a list of loan offers from different loan lenders.
With a minimum credit score requirement of approximately 600, AUTOPAY recognizes that not everyone will have a perfect credit score, and is committed to helping everyone refinance their auto loan. AUTOPAY will work with you to get the best rates possible.
To see your rates, AUTOPAY does a soft credit inquiry or a soft pull (which does not affect your credit score). This is great for those who are merely comparing quotes and shopping around before committing to an auto refinancing loan.
Once you select a loan offer with AUTOPAY, then a hard credit pull is required.
While it isn't necessarily a bad thing that AUTOPAY isn't a direct lender, processing and underwriting loans in-house, it does have a few drawbacks: rates are subject to change depending on the lender you choose from AUTOPAY's network, and fees may also vary.
However, refinancing through a marketplace lender, such as AUTOPAY, does provide you with greater flexibility in finding the best loan option for your needs. But it is important that you reasearch your chosen lender to know what fees and terms they might have.
AUTOPAY has a no refund policy. Don't expect any refunds to be provided for payments made to your AUTOPAY account.