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Myautoloan

MyAutoLoan

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Pros
  • Variety of auto financing options
  • Loan calculator
Cons
  • Limited availability
  • Eligibility and loan restrictions
  • Transparency concerns
Summary

myAutoloan, founded in 2003 and headquartered in the United States, is an innovative online marketplace for auto financing. The platform connects borrowers with a network of lenders, enabling them to receive up to four competitive loan offers for new and used vehicles, refinancing, and lease buyouts. Unique features include a fast application process that typically takes just two minutes and the ability to prequalify with a soft credit pull, which protects users' credit scores. With a minimum credit score requirement of 600, myAutoloan caters to many borrowers, including those with lower credit ratings. The company has received positive feedback, as evidenced by its strong Trustpilot ratings and an A+ rating from the Better Business Bureau. Customers appreciate the ease of use and quick funding; they often receive loan decisions within minutes and funds as soon as the next business day. However, some users have raised concerns about hard credit checks impacting their scores and the lack of direct customer support via phone. Overall, myAutoloan stands out for their comprehensive approach to auto financing, combining convenience, transparency, and various options tailored to meet diverse consumer needs.

Quick Stats
  • Loan Terms : Undisclosed
  • Minimum Accepted Credit Score : Undisclosed
  • APR : Undisclosed
  • BBB Rating : A+
Selling Points
  • Multiple auto loan solutions
  • Discounts
Multiple Financing Options
  • Lease Buyout
  • Loan Refinancing
  • New Vehicle
  • Private Party
  • Used Vehicle
Additional Services
  • Undisclosed
    Extended Warranty
  • Undisclosed
    GAP Insurance
  • Undisclosed
    Limited Warranty
  • Undisclosed
    Mobile Application
  • Undisclosed
    Online Account Management
  • Undisclosed
    Return Policy
Eligibility Requirements
  • Hard Credit Check
  • Undisclosed
    Income
  • Minimum Credit Score
  • Undisclosed
    Pre-qualification With Soft Check
Fees & Costs
  • Undisclosed
    Documentation/Processing Fee
  • Undisclosed
    Late Payment Fees
  • Undisclosed
    Origination Fee
  • Undisclosed
    Prepayment Penalties
  • Undisclosed
    Title Transfer Fee
  • Undisclosed
    Upfront or Application Fees
Payment Options
  • Automatic Payments
  • Undisclosed
    Cash
  • Undisclosed
    Check
  • Debit or Credit Cards
  • Undisclosed
    In-Person Payments
  • Undisclosed
    Mail-In Payments
  • Online Payments
  • Undisclosed
    Phone Payments
Customer Support
  • Articles and Videos
  • Email
  • FAQs
  • Undisclosed
    Help Guides
  • Undisclosed
    Live Chat
  • Phone
FAQs
What is the maximum auto loan amount offered by MyAutoLoan?
Does MyAutoLoan require a minimum credit score?
What is the maximum auto loan term with MyAutoLoan?
What is the minimum APR I can get with AutoMyLoan?
How long does MyAutoLoan prequalification last?
Does MyAutoLoan have protection or warranty options?
How long does it take for MyAutoLoan to approve my loan?
How many auto loan options does MyAutoLoan offer?