trusted formCompare between Auto Approve and other vendors | Several.com
Although we earn commissions from partners, we ensure unbiased evaluations. More on our 'How We Work' page
Auto Approve

Auto Approve

Compare between Auto Approve and other vendors

Press [Add to Compare] to Edit, Add or Remove Vendors

Pros
  • Online quote and calculator tools
  • Pre-qualification with a soft credit check
  • Added coverage and protection option
  • 12 to 84-month loan terms
  • 45-day payment-free period
Cons
  • Not a direct lender
  • No new or used car loan options
  • Lender partner network not disclosed
  • Lack of transparency regarding loan details
Summary

Auto Approve, established in 2016 and based in North Plymouth, Minnesota, offers auto loan refinancing and lease buyout services. They aim to streamline the process for customers looking to reduce monthly payments or purchase their leased vehicles. Serving a variety of vehicles, including cars, trucks, motorcycles, and RVs, Auto Approve partners with a network of lenders to provide refinancing options tailored to individual needs. A key feature of their service is the online application process, which allows for pre-qualification without requiring a Social Security number. They also offer optional GAP insurance to protect against vehicle depreciation. While some customers appreciate the efficiency and flexibility, others have noted concerns with communication during the process. Auto Approve holds an A+ rating from the Better Business Bureau (BBB), reflecting their commitment to resolving customer issues. If you’re interested in exploring how their services could meet your refinancing needs, take a closer look at the full review for more insights into their offerings and customer experiences.

Quick Stats
  • Loan Terms : 12 to 84 months
  • Minimum Accepted Credit Score : Undisclosed
  • APR : Undisclosed
  • BBB Rating : A+
Selling Points
  • Social Security number not required for a quote
  • 90-day payment deferral available
  • Co-signers permitted
  • Auto lease purchasing
Multiple Financing Options
  • Lease Buyout
  • Loan Refinancing
  • New Vehicle
  • Undisclosed
    Private Party
  • Used Vehicle
Additional Services
  • Extended Warranty
  • GAP Insurance
  • Limited Warranty
  • Mobile Application
  • Online Account Management
  • Return Policy
Eligibility Requirements
  • Undisclosed
    Hard Credit Check
  • Undisclosed
    Income
  • Undisclosed
    Minimum Credit Score
  • Pre-qualification With Soft Check
Fees & Costs
  • Undisclosed
    Documentation/Processing Fee
  • Undisclosed
    Late Payment Fees
  • Undisclosed
    Origination Fee
  • Prepayment Penalties
  • Title Transfer Fee
  • Upfront or Application Fees
Payment Options
  • Undisclosed
    Automatic Payments
  • Undisclosed
    Cash
  • Undisclosed
    Check
  • Debit or Credit Cards
  • Undisclosed
    In-Person Payments
  • Undisclosed
    Mail-In Payments
  • Undisclosed
    Online Payments
  • Phone Payments
Customer Support
  • Articles and Videos
  • Email
  • FAQs
  • Help Guides
  • Live Chat
  • Phone
FAQs
Is Auto Approve a legitimate company?
What types of vehicles does Auto Approve refinance?
Is a Social Security number required to get a quote from Auto Approve?
How can I contact Auto Approve’s customer service team?
When is the first payment due after refinancing with Auto Approve?