Is Auto Approve Auto Refinance the right fit for you?
Last Updated: 07/22/2025
SuperMoney User Recommendation Score +77
Strongly recommended43 total votes
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Highlights
Community Rating
Strongly recommended
Amount Range
$10,000 - $150,000
APR (Fixed APR)
4.99% - 24.99%(Verified 07/22/2025)
Disclaimer popup with additional information
Credit Score Range
640 - 850
Loan Term (Months)
12 - 120
Number of Reviews
Auto Approve Auto Refinance Review
Auto Approve is an auto loan refinance offering by Auto Approve LLC, based in North Plymouth, MN. Founded in 2016, Auto Approve LLC offers auto refinance loans in 50 states (and Washington, DC).
Key Takeaways
- Vehicle types. Auto Approve LLC refinances motorcycles, boats, RVs, ATVs, cars, and trucks.
- Cash-out refinance. Loan amounts can be larger than what you need to pay off your current auto loan. The downside is you may owe more than what your car is worth.
- Lender Network. Unlike lenders that provide refinance loans directly, Auto Approve LLC is a broker that works with its lender network to fund your auto refinance loan.
- Lease buyouts. Offers refinancing to buyout an expensive lease or purchase a company car.
- Fair credit accepted. The credit score needed for Auto Approve Auto Refinance is relatively low. Borrowers with a credit score as low as 640 may qualify for Auto Approve Auto Refinance.
- Refinancing for large loan amounts. You can refinance auto loans of up to $150,000 with Auto Approve Auto Refinance.
- Fast process. In some cases you can refinance your auto loan within 1 business day.
- Origination fees starting at $399.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
- No late fees. Missing a payment can seriously damage your credit, but Auto Approve Auto Refinance will not charge additional fees if you miss the due date on a payment.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Auto Approve Auto Refinance.
- Long loan terms. Auto Approve Auto Refinance offers loan terms of up to 120 months. Most auto refinancing loans have a maximum term of 60 months.
Auto Approve Pros & Cons
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Auto Approve FAQ
How much can you borrow via Auto Approve?
Auto refinance loan amounts start at $10,000 and go up to $150,000.
What are the auto loan refinancing rates offered through Auto Approve?
Auto Approve offers a fixed APR car loan refinancing product that ranges from 4.99% APR up to 24.99% APR.
What is the maximum loan term you can get with Auto Approve?
Auto Approve offers auto refinancing with terms ranging from 12 to 120 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 refinancing loan, the more interest you will pay.
Does Auto Approve charge an origination fee on auto refinance loans?
Yes, Auto Approve charges a loan origination fee of $399.
Does Auto Approve charge a late fee?
No, Auto Approve will not charge you a late payment fee .
Does Auto Approve charge prepayment fees?
No, there is no prepayment penalty.
What do you need to qualify for Auto Approve Auto Refinance?
Applicants with a credit score of at least 640 and up to 850 may be eligible for Auto Approve Auto Refinance. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Auto Approve Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by Auto Approve Auto Refinance.
To qualify, applicants may need to provide the following documentation:
- Loan payoff statements
- Recent pay stubs
- Proof of income
- Business formation documents
- Proof of insurance
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
- U.S. tax identification number
- References
What is the estimated funding time for a car loan refinance with Auto Approve?
Auto refinance loan applications are typically funded within 1 to 2 days of approval.
Does Auto Approve Auto Refinance report your account activity to credit bureaus?
Yes, Auto Approve Auto Refinance reports to the following credit bureaus:
- Equifax
- 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 Auto Approve LLC 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. Auto Approve allows you to check your rates with a soft credit pull.
Is Auto Approve a legit company?
Auto Approve was founded in 2016, it is a well-established company that has been in business for 10 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
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 Auto Approve
Other Services by Auto Approve LLC
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SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +77, or 4.5 on a 5-point rating scale.
+77
-1000+100
No one recommends
Everyone recommends
Auto Approve Auto Refinance Community Reviews
Would you recommend Auto Approve Auto Refinance to your friends?
TO
Taiwo O.
Nov 16, 2022
May or may not recommend
I have used Auto Approve Auto Refinance before and I can say that it is a great service. It made my life so much easier when it came to dealing with the mortgage companies.
Fernando B.
Jan 11, 2022
May or may not recommend
they sent me a letter for refinancing and I called, the guy that answered the phone asked me my WEEKLY INCOME! they did a soft pull and he told me that I my monthly expenses were $1,500 a month and that it was more than 50% of my monthly income which is not true, he asked me for my weekly pay not my monthly or yearly pay. I was confused ...Show More
DJ
Daniel J.
Jun 7, 2021
May or may not recommend
When it comes to a trusted broker to help you with that refinance, Auto Approve is the deal. But the origination fee is just on the high side and I wish it is moderated. Other than that, it just good to go. Fast loan processing, no late repayment charge with an amazing customer care service. I really do like them.
U
Anonymous
Jan 28, 2021
May or may not recommend
great rates. great service. saved me money. helped me figure out how to unlock some value from my current loan...
U
Anonymous
Jan 27, 2021
May or may not recommend
We worked with Paris. He made things as easy as possible. They lowered our rate by 2% and got us a much better extended warranty program for less money.
TO
Todd O.
Jan 27, 2021
May or may not recommend
Great simple process thanks Mitch Kelley was great to work with I would ask for him
Greg C.
Jan 27, 2021
May or may not recommend
Auto Approve saved me thousands per loan that I refinanced with them. I have refinanced three loans so far and it has been great!
JP
Josh P.
Jan 27, 2021
May or may not recommend
Great rates and very efficient loan approval and funding process.
TE
Theresa E.
Jan 27, 2021
May or may not recommend
Derrick was great in helping me get my vehicle refinanced. The process was very easy and quick. I highly recommend Derrick and Auto Approve.
Alicia A.
Jan 19, 2021
May or may not recommend
Brian at Auto Approve was extremely helpful and was able to lower my rate and payment. It was extremely easy to apply and was completed in week. Super fast and extremely satisfied.
David V.
Jan 19, 2021
May or may not recommend
Refinance charges are excessive and borderline criminal. They were not clearly disclosed. $1000 charges on a 17k loan. Stay away from this company!
Amanda M.
Jan 13, 2021
May or may not recommend
The process was super fast and easy. Tina was professional, friendly, helpful, and very knowledgeable. It was such a pleasure to work with Tina and the company. 100% recommend!
RR
Robert R.
Jan 8, 2021
May or may not recommend
Had a great experience with auto approve they got me approved and processed pretty much the Jimmy John's of Auto refinancing my truck was funded and paid and pretty decent time got me a way lower interest rate saves me $130 bucks a month on my payments would definitely recommend this company to my friends my sales rep Josh phenomenal great guy help me out every way he possibly could.
U
Anonymous
Jan 6, 2021
May or may not recommend
Very helpful, prompt service! I was able to receive a very improved rate and the process was simple. I recommend Auto Approve.
KM
Khuram M.
Jan 6, 2021
May or may not recommend
Amazing service rep, awsome deal overall... payment went down offcourse but with a lower term & rate. Would be using for my second auto soon.
CL
Cesar L.
Jan 5, 2021
May or may not recommend
My last lender was very height interés and is because my credit was bad and still is. I never thought I will get aprobé to lower my payments but believe me was not easy I proved that I was paying my vehicle on time. Now thanks to auto approve I’m saving money.
Robie W.
Jan 5, 2021
May or may not recommend
I would definitely recommend. Zac, the person I worked with, was extremely helpful, understanding, and all around a great person. They also helped me get a great rate! Thanks Zac!
SS
Steve S.
Jan 5, 2021
May or may not recommend
Easiest process out there, explained each step of the process. The best part was if they didn't know an answer to my question they would say "I don't know, let me check and get back to you" rather than make something up. It was refreshing and made me trust them more!
TM
Todd M.
Jan 5, 2021
May or may not recommend
Very easy to work with... great way to beat dealer rates.
MO
Micheal O.
Dec 24, 2020
May or may not recommend
Great experience all through! My loan officer Dan was awesome from the beginning till the end of my auto loan refinancing. He was very communicative, gave me a pleasant rate, and provided me the best services.
Auto Approve is a wonderful company. They educated me on their terms and made sure I understood them completely before signing the loan. Highly, recommended!
Showing 20 of 43 reviews
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