SpringboardAuto Car Loan is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs.
Last Updated: 04/18/2025
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SpringboardAuto Car Loan
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in Auto Loans from SpringboardAuto
Last Updated: 04/18/2025
SuperMoney User Recommendation Score -14
Mostly not recommended7 total votes
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Highlights
Community Rating
Mostly not recommended
Amount Range
$7,500 - $40,000
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APR (Fixed APR)
5% - 36%(Verified 06/21/2024)
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Credit Score Range
500 - 850
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Loan Term (Months)
24 - 72
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Number of Reviews
SpringboardAuto Car Loan Review
SpringboardAuto Car Loan is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs. |
SpringboardAuto Car Loan is offered by SpringboardAuto, a marketplace lending platform founded in 2015 and based in Irvine, CA. SpringboardAuto Car loan are available in 29 states.
SpringboardAuto Car loan FAQ
How much can you borrow via SpringboardAuto Car loan?
SpringboardAuto Car loan loan amounts start at $7,500 and go up to $40,000.
What APR does SpringboardAuto Car loan offer on its car loans?
SpringboardAuto Car loan offers a fixed apr car loan product that ranges from 5% APR up to 36% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum auto loan term you can get with SpringboardAuto Car loan?
SpringboardAuto Car loan has car loans with terms ranging from 24 to 72 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does SpringboardAuto Car loan charge an origination fee?
Yes, SpringboardAuto Car loan may charge a loan origination fee of $0 to $595
Does SpringboardAuto Car loan charge a late fee?
Yes, SpringboardAuto Car loan charges borrowers with a late payment penatly fee of up to $100
Does SpringboardAuto Car loan charge prepayment fees?
No, SpringboardAuto Car loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like SpringboardAuto Car loan that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my SpringboardAuto Car loan loan?
Yes, you can. SpringboardAuto Car loan does not charge a prepayment fee, so you can save money by paying your car loan early.
What do you need to qualify for SpringboardAuto Car Loan?
Applicants with a credit score of at least 500 and up to 850 may be eligible for SpringboardAuto Car Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher. SpringboardAuto Car Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by SpringboardAuto Car Loan.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via SpringboardAuto Car loan?
SpringboardAuto Car loan will typically fund the car loan within 7 business days of approval.Does SpringboardAuto Car Loan report your account activity to credit bureaus?
Yes, SpringboardAuto Car Loan reports to the following credit bureaus:
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does SpringboardAuto perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. SpringboardAuto Car loan allows you to check your rates with a soft credit pull.
Is SpringboardAuto a legit company?
SpringboardAuto was founded in 2015, it is a well-established company that has been in business for 11 years. SpringboardAuto Car Loan is mostly not recommended by SuperMoney community users.
SpringboardAuto Car Loan Disclosure: Offers made by SpringboardAuto.com, Inc. are subject to terms and conditions. Married individuals may apply without their spouse. Alimony, child support or separate maintenance income need not be revealed if you do not choose to have it considered as a basis for repaying the obligation.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from SpringboardAuto Car loan
Message from our editor
What we love about SpringboardAuto.com
SpringboardAuto.com is a unique auto lender that looks to use big data and analytics tools to offer better loans to customers.
The company claims that it can use its proprietary method to extend loans to people who may have trouble qualifying for traditional auto loans, making SpringboardAuto.com a good choice for people with less than perfect credit.
SpringboardAuto.com offers flexible loans. The minimums are low and maximums are high and you can choose from a variety of loan terms to customize your monthly payment.
You can get a loan from SpringboardAuto.com for dealer or private purchases or use the website to refinancing an existing loan.
What could SpringboardAuto.com do better?
SpringboardAuto.com tends to offer higher interest rates than many of its competitors, especially if you have strong credit and don’t have trouble getting a loan from a bank or other lender. That makes it important to shop around to find the best deal.
The company also may take longer to approve and fund a loan than other lenders. If you use dealer financing, you can often walk onto a dealership’s lot and drive out with a car and an auto loan. You need to plan ahead if you plan to work with SpringboardAuto.com.
SpringboardAuto.com’s backstory
SpringboardAuto.com was founded by Jim Landy to disrupt the auto lending business. It does this through big data and analytics that help the company get a clearer picture of borrowers’ risk. This lets the company offer loans to people who may otherwise have trouble qualifying.
The Verdict
If you have poor credit, SpringboardAuto.com is a good option because you have a better chance of getting approved for a loan. If you have strong credit, you’ll likely get a better deal from a more traditional lender.