in Auto Loans
Strongly not recommended
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Where does Autopay do business?
Autopay is based in Denver, CO. It was founded in 2007 and offers auto loans in 50 states (and Washington, DC).
How much can you borrow via Autopay?
Autopay auto loan amounts start at $2,500 and go up to $100,000.
What APR does Autopay offer on its auto loans?
Autopay has a variable APR that ranges from 1.99% up to 15.99%.
What is the maximum loan term you can get with Autopay?
Autopay has auto loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does Autopay charge an origination fee?
Yes, Autopay may charge a loan origination fee.
Does Autopay charge a late fee?
Yes, Autopay charges borrowers with a late payment penatly fee
Does Autopay charge prepayment fees?
No, Autopay will not charge you a fee for paying your loan early. Whenever possible choose lenders like Autopay that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
What do you need to qualify for a loan with Autopay?
Applicants with a credit score of at least 620 can apply for a loan via Autopay. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
What is the estimated funding time for an auto loan via Autopay?
Autopay will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 7 business days of approval.
Does Autopay report loan payments to credit bureaus?
Autopay may report credit data to the following credit reporting agencies:
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- 1099 Misc. Income
- Direct Deposit (W2, SSA, SSDI)
- Payroll Check or Prepaid Card
- Active Duty Military
- Military Dependent
- Employed Full-Time
- Employed Part-Time
- U.S. Citizen
- U.S. Permanent Resident
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)