Last Updated: 07/22/2025
Auto Approve Auto Refinance
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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.
- 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.
- 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.
- 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.
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.
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