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Why Auto ApproveResourcesFAQProducts
[H6] Auto Refinance
[H6] Auto Lease Purchase
[H6] Motorcycle Refinance
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[H1] Don't overpay for your auto loan
[H4] Lower your car payment today and save more money for what matters most
[H3] No SSN required
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Why Auto ApproveResourcesFAQProducts
[H6] Auto Refinance
[H6] Auto Lease Purchase
[H6] Motorcycle Refinance
Log In(844) 336-3365Why Auto ApproveResourcesFAQAuto RefinanceAuto Lease PurchaseMotorcycle RefinanceLog In(844) 336-3365Get My Rate
[H4] Start Here
HomeWhy Auto Approve
[H1] Let's talk abouthow Auto Approve works.
Get My Rate
[H3] Most people are paying too much.
[H5] On everything, including their vehicle. Frankly, you are probably paying too much, but that is not your fault. Things have changed. Interest rates are historically low right now. Plus, not everyone can be an expert in everything. That is why we are here—to be your experts on refinancing, auto lease purchasing, and all things refi. We want to help you pay only the rate you deserve. Let us get money back in your pocket.
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[H3] Why refinance?
[H5] There are tons of good reasons, like…
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Taking advantage of today's low interest rates to get a better rate and lower your monthly payments (it is only what you deserve).
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Skipping up to three payments on your vehicle (access more of your money when you need it).
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Adjusting your payments for major life changes (say, if you want to pay off your car before you retire).
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Adding or dropping a co-borrower (your son always loved that truck).
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Lowering your payments to match your improved credit (way to go, you).
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And so many more!
[H3] Why Auto Approve?
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[H4] It is time to make a change.
Most people are paying too much on their auto loan. Now is the time to refinance and lower your monthly payment. We will make it happen.
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[H4] Our customers love us.
With an A+ rating from the Better Business Bureau and a 96% would-recommend rating on LendingTree, you can refinance with us with confidence.
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[H4] The personalized service you deserve.
At Auto Approve, you always get a human touch. We are real people working hard to save you money—no robots required.
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[H4] The deal that is right for you.
We work to make sure you get the best deal for you. We are your advocates, finding the right fit for your needs (and yes, we even handle the paperwork).
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[H4] No upselling. Ever.
Unlike our competitors, we never mark up the price you pay above the rate the bank offers. With Auto Approve, the savings go directly to you—no upsell.
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[H4] More money in your pocket.
The most important thing we do? We lower your monthly payments. When you refinance with Auto Approve, you keep more money in your pocket.
[H3] The right product to save youmoney.
[H5] Choose the product that suits you best
[H4] Auto Refinance
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Most people are paying too much on their car loan. Put that money back in your pocket - we will help you get the rate you deserve.Learn more
[H4] Auto Lease Buyback
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Ready to own your car? Our auto lease purchasing options make it possible - and affordable.Learn more
[H4] Motorcycle Refinance
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Yep, we can refinance your bike too. Or your RV, ATV, or boat. (And if you have all four, let's be friends.)Learn more
[H3] Real Customers. Real Reviews.
[H4] Excellent
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[H3] Ready to start saving money on your auto loan?
[H5] Simple, easy, and fast
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[H3] Financial Resources
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Why Auto ApproveResourcesFAQProducts
[H6] Auto Refinance
[H6] Auto Lease Purchase
[H6] Motorcycle Refinance
Log In(844) 336-3365Why Auto ApproveResourcesFAQAuto RefinanceAuto Lease PurchaseMotorcycle RefinanceLog In(844) 336-3365Get My Rate
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[H6] Finance
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[H4] The Best Place to Get a Car Loan
Here’s What You Need To Know. Ultimately, the best place to get a car loan will depend on your situation. Your options to get financing include: At the dealership From a traditional bank or credit union Through an online lender Typically, to get your best possible loan, you’ll want to shop around a little and get pre-approved before you go in to buy a vehicle. Dealership financing is likely to include some pretty substantial markups, so don’t be afraid to negotiate not just on the terms and car price but on the APR and fees attached to your loan. Getting pre-approved can make that negotiation easier, even if you know you’d prefer dealership financing.Already got a loan through a dealership? Millions of Americans with dealership financing are eligible for lower rates and better terms than the ones they’re currently locked into. Lowering your payment through a refinance is quick and easy.Find out how much you could be saving.Regardless of where you decide to apply, it’s important to make sure your credit is in good shape and that your credit score is as high as possible. Shopping around and comparing rates is key when determining the best lender for your situation.The Best Place to Get a Car Loan: Your Complete GuideIf you are looking for a car loan, there’s good news and there’s bad news: the good news is that there are a lot of places that can help you secure a loan. The bad news is that there are a lot of places that can help you secure a loan. When there are so many options, it’s hard to know what the best choice will be. In this guide, you’ll learn about the options you have when looking for a car loan, steps you can take to get your best rate, and tips to help you decide which lending option is right for you.In this guide, we’ll look at:Where vehicle loans are offered (and the pros and cons of each option)How to get the best rate on your auto loanWhere Can I Get A Car Loan?There are four key kinds of lenders for auto loans:Car dealershipsBanksCredit UnionsOnline lendersCar Dealerships The advantages: ConvenienceThe disadvantages: Higher rates, higher pressureThe bottom line: Dealer financing is not the best place to get a car loan, but if you need a new car and are having trouble getting approved elsewhere it may be your best bet.One of the easiest ways to get a car loan is to simply go to the dealership and arrange for financing when you purchase your new car. Dealers make it easy for you to do everything in-house. They have relationships with certain lenders and can approve you on the spot for financing. This can be good or bad depending on your situation. The biggest advantage to dealer financing is that it is convenient. You don’t need to make any effort other than showing up at the dealership with the necessary paperwork. But with convenience comes the one major disadvantage: you cannot shop around and compare. Taking the time to research and compare rates and lenders can help ensure that you get the best rate, the best terms, and overall best loan available to you. Dealer financing is generally more expensive because the dealer is tacking on additional fees or additional interest on top of the lender’s loan. You are paying for a middle man in addition to paying the lender. Some dealerships have in-house financing companies, which are referred to as captive finance companies. These companies are lending institutions in and of themselves. Captive financing may offer more discounts since they have control of the underwriting process, but they may also inflate prices and can be much more aggressive when trying to upsell you.Traditional BanksThe advantages: Competitive rates, many locations, great customer serviceThe disadvantages: Less flexibility, not great for those with poor creditThe bottom line: A traditional bank is a great place to get a car loan if you have good credit, but if your credit is less than stellar you may have a hard time securing a loan.Going to a traditional bank is a great option for many people looking to secure a car loan. Banks can usually offer the lowest rates and the best terms. However, these rates are reserved for those with the best credit scores and credit history. You may find limitations and restrictions when using a traditional bank—for instance, many traditional banks will not finance a car that is over a certain age or mileage.  Credit UnionsThe advantages: Competitive rates, great customer service, more flexible than traditional banksThe disadvantages: May not meet membership requirements, do not have a lot of locationsThe bottom line: A credit union is a great financing option for many people. They often have the lowest rates and great customer service, but you may need to shop around and determine your eligibility. Credit unions operate in a similar way as banks do, but they are not for-profit and instead distribute their profits to their members. They tend to serve specific locations or communities,as opposed to a traditional bank that might have branches throughout the country or the world. Credit unions may have membership requirements, but they offer many benefits, often offering better interest rates than traditional banks. They can also be more flexible for those who may not meet the standards of a traditional bank. Online LendersThe advantages: Lots of options to compare, competitive ratesThe disadvantages: Requires more research and vetting, which makes this option much more time consumingThe bottom line: If you have the time and patience to use an online lender, you may find the most competitive rates and best terms for your car loan.Online lenders have become an increasingly popular option for car loans in the past decade, and it’s easy to see why. When looking for an online lender, you can easily shop around and compare interest rates and terms. There are so many online lenders that there are usually options for every type of applicant. If you have poor credit, an online lender may be your best bet to get approved, although you will likely end up with a very high interest rate (subprime borrowers can get stuck with loans upwards of 22%). If you have great credit, you may find the most competitive rates online, rates that may even beat those offered by traditional lenders. But these lenders vary greatly in terms of reputation and customer service, so it’s imperative that you do your homework before signing with any online lender. These companies typically require much more vetting than would be necessary with a traditional bank or credit union.  How Can I Get My Best Car Loan Rate?While there are a lot of different places where you can secure a car loan, they all take the same factors into consideration. Your best available car loan rate will depend on the following factors:Your credit score and credit reportYour income and employment historyYour down paymentYour loan termYour carThe current economic conditions Each of these factors is looked at carefully when the lender is determining what car loan rate they will offer.Your Credit Score And Credit ReportThis is the biggest factor that is within your control that will dictate the car loan rate you are offered. Your credit score is a fast and easy way for lenders to determine how creditworthy you are and how likely you are to repay a loan.  Below 580: Poor580 to 669: Fair670 to 739: Good740 to 799: Very Good800 and up: ExceptionalBy fitting your score into one of these brackets, they can easily decide if you are responsible with your accounts and able to manage your money. Lenders can then take a closer look at your credit report to learn more about your financial health. Do you pay your bills on time? Are you in a lot of debt? All of these factors will help lenders decide what rate you are offered. The higher your credit score is, the better your interest rate will be.Concerned about your credit score or payment history? Here are a few resources to help you get your finances on track before applying for financing or refinancing. Improving your score and reducing your debt-to-income ratio can make a huge difference in the financing available to you.What is A Debt-to-Income Ratio and Why Does it Matter?Credit Scores and Car LoansFour Ways to Pay Off Credit Card DebtA Beginner’s Guide to Budgeting: Pay Down Debt Fast8 Simple Tips to Help Improve Your Credit Score Your Income And Employment HistoryLenders want to ensure that you have a source of income to pay for the new car you are getting. They will not want to give you a loan where your payments will be $800 a month if you are only earning $1000 a month.  Your Down PaymentDown payments are important for a lot of reasons, and a sizable down payment can even lower your interest rate. Lenders view you as less risky if they see that you have made a large down payment. Your Loan TermIn general, you will be offered a better interest rate if you select a shorter repayment period. Your loan payments will be higher every month because you are not stretching out your repayment period, but you will save a lot of money in interest.  Your CarThe car that you are buying will also affect the interest rate. New cars come with lower interest rates because they will have a higher resale value should you default on your loan. If you are buying an older car, you may have a harder time finding a loan in general.  Current Economic ConditionsThe only factor that you have no control over whatsoever is the current economic conditions. When the economy is dealing with high inflation, the interest rates will be higher to curb spending and try to stabilize the economy. There is nothing that you can do to change this, so your best bet is to wait until the interest rates go down before securing a new loan. This is not always possible, however, so shopping around for the best rates available to you is especially important when rates are high.Now You Know How To Get The Best Car Loan For You.There are many different lenders that offer car loans, so the more research you do, the better off you will be. Research your options, negotiate where appropriate, and don’t let yourself get pushed into a deal that doesn’t work for you. Already have a car loan but want a redo?Get in touch with Auto Approve today! Our experts can help you refinance your loan and lower your car payment, interest rate, or both.Get your free, no-commitment quote.Read More
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[H4] The Paperwork You Need To Refinance A Vehicle
What paperwork do you need to refinance a vehicle? Here’s the short version. Refinance Paperwork Checklist Driver's licenseSSNProof of addressProof of incomeCar detailsProof of insuranceVehicle registrationCurrent loan informationRead on for a closer look at these items and more on what you need to do to refinance your car and lock in a lower car payment.Prep and Paperwork for Auto Loan Refinance: The Complete Guide In this guide, we’ll take a closer look at what’s required and why, other things you might want to consider looking at or having on hand before refinancing, and how to set yourself up to get the best refi deal available to you.Table of ContentsAbout RefinancingPaperwork BreakdownBefore You RefinanceTips and Tricks for a Better RefinanceThe Refinance ProcessAbout RefinancingBefore getting started, here are some basics you should know.What is Refinancing?Refinancing is when you pay off your old loan with a new loan with new, ideally better, terms. Refinancing is typically the only way to:Shorten or lengthen your loan termAdd or remove a co-borrowerGet a more favorable annual percentage rate (APR) when market rates drop, your credit improves, or you got a bad deal in the first place (usually because of dealership financing)Millions of American drivers are currently eligible for a lower APR than they’re paying, meaning they could be paying hundreds or thousands less on their car loan, and refinancing is the only way to realize those savings.The Basics of the Refinance ProcessHere’s a quick overview of how refinancing works.Get a preliminary quote to check eligibility.Gather your paperwork.Send applications to multiple possible lenders to find your best offer.Choose the refinance that works for you.Sign the paperwork.Stop paying your old loan (ensure any last payments are made and that your new lender has paid off the old loan).Register the change of lien with the DMV (depending on your location, your new lender may handle this, or when you refinance through Auto Approve, we take care of the paperwork filings)Start paying the new loan (new payments will start 1-3 months after payments on the old loan have stopped)Paperwork BreakdownLet’s take a closer look at the items on your refinance paperwork checklist.Driver's licenseYou will need a government issued ID to confirm your identity. Most people use their driver’s license, but you may be able to use your passport, state ID, green card, or military ID.SSNBefore the details of your refinance are confirmed, any lender you apply to will want to run a credit check. While a preliminary quote for eligibility does not include a hard credit check, when you want to actually get hard offers, you’ll need a hard credit check. Make sure all credit checks are done within a two week period to avoid lowering your credit more than necessary.Proof of addressYou’ll need to provide proof of residence (not a P.O. box) to your new lender so they know where you live and can confirm that they offer loans in your state.Documents that can be used to provide proof of address include:A utility billYour lease, mortgage, or deed (or a recent lease or mortgage statement)A recent pay stubA bank statementA government letter or benefits statementProof of incomeProof of income shows lenders that you’ll be able afford the payments on your new loan.For proof of income, you could provide:Recent pay stubsBank statementsTax returns or W-2 formsIncome documents for Social Security, pension, or retirement incomeA letter from your employer or your employment contractSelf-employed individuals and those with variable income may need to provide multiple documents to confirm income.Car detailsYou’ll need to share the details of your car for any sort of pre-qualification, pre-approval, or formal application. That is, you’ll need to know your car’s:MakeModelYearMileageVIN (vehicle identification number)Proof of insuranceYour lender will almost certainly require you to have car insurance in order to refinance. Depending on the lender, you may be required to have liability coverage plus comprehensive and collision cover

[H5] How does refinancing my vehicle work?
All we need is a little information from you to get started. Then our team takes care of the rest:
[H6] Step 1
Provide your personal, vehicle, and employment information.
[H6] Step 2
Our loan consultants will determine which loans you qualify for and walk you through your options.
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We will submit your application to your chosen lender.
[H6] Step 4
Auto Approve will generate all of your new loan and title documents. We will send them to you for an e-signature.
[H6] Step 5
Auto Approve will handle the rest and get your loan funded. We will also work with the DMV to take care of the vehicle title.
[H6] Step 6
You will begin to make your payments to the new lender.It is that simple and fast!
[H5] What do I need to get started?
To get your new lower rate, we will need the following documents and information:Driver's licenseCurrent proof of insuranceCurrent registrationPay stubs or proof of incomeCurrent loan finance contract (optional)That is it - contact one of our expert loan consultants to get started.
[H5] Does refinancing affect my credit score?
Getting a quote does not affect your credit score. The "soft" inquiry that Auto Approve performs is viewable only by you (no one else reviewing your credit can see these types of inquiries) and it does not impact your credit score in any way. When you choose to move forward with refinancing your vehicle, a "hard" credit inquiry will occur and appear on your credit history. This is standard practice and is generally not a significant impact on your overall credit score. The short-term impact that a "hard" inquiry may have on your credit will likely be far outweighed by the long-term benefits of finding a loan with more favorable terms.
[H5] What are the benefits of refinancing my car?
Most of our customers consider refinancing to enjoy the benefit of lower monthly payments. With our help, Auto Approve customers save over $100 per month on average. That is money you can put toward paying off bills or use for exciting purchases. If nothing else, it is added peace of mind for when life's unexpected moments catch you off guard.
[H5] Why should I choose Auto Approve?
At Auto Approve, you are our top priority.We operate with a customer-first mentality.We value your time and work hard to save you money.Our customers love us - we have an A+ rating on BBB and a 96% customer satisfaction rate on LendingTree.We work with premier lending partners to get you the best loan rate possible.
[H5] Do you only refinance cars?
Auto Approve refinances cars, trucks, and SUVs. We also refinance:MotorcyclesRVsCurrently, commercial vehicles and heavy equipment machinery are not eligible for refinancing. We are also unable to refinance a vehicle under a company name.
[H5] When is my first payment due?
The due date of your monthly payment will be listed in your loan package. Your first payment is typically due 45 days from the contract date, which means you get to skip a payment. We even offer a 90-day deferred payment option for qualified applicants.
[H5] How soon will I know if my application is approved?
Receiving a quote online only takes a few seconds.Once your information is received, your dedicated loan consultant will work with you to submit your application to one of our preferred lending partners. In most cases you will receive a decision within minutes of submitting your application.
[H5] Why does my offer expire?
Interest rates fluctuate for a variety of reasons, and they can even change daily. When you receive a lender-approved offer from Auto Approve, we lock in your rate so it does not change for up to 30 days.
[H5] Does Auto Approve charge an application fee?
No, Auto Approve does not charge an application fee. Receiving a quote is free and completing your refinance requires no out of pocket fees.Once you move forward with refinancing your vehicle, the cost of refinancing your auto loan includes admin and document fees, title transfer fees, state fees (if applicable), and the cost of any extra services you choose to add, such as GAP and extended warranty or other optional service plans.Your dedicated Auto Approve loan consultant will provide you with an itemized breakdown as part of your auto loan refinance package.
[H5] Can I add or remove a co-borrower?
Yes. You can add or remove a co-borrower (also called a co-signer) to your new loan. Your new loan will be determined based on the person or people applying or being removed.
[H5] Will my information be secure?
Yes. We value your trust in us and work with credible lending partners who also use up-to-date data security software to ensure your information remains private.Auto Approve does not sell, rent, or lease its customer lists to third parties.For more information, please refer to our privacy policy.
[H5] What are the terms of Auto Approve loans?
Loan terms vary for each customer because several factors impact the terms of your new loan. Loan terms typically range from 12 to 96 months. We work across options to find you the best loan.Your dedicated loan consultant will help you find the right loan for you.
[H5] Can I buy out or refinance my lease with Auto Approve?
Auto Approve is proud to assist our customers with multiple lease buyout options:Lease-end buyout allows you to purchase or refinance your vehicle at the end of your lease.Early buyout gives you the chance to purchase your vehicle before your lease is up.
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