Mostly not recommended
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Where does Autopay do business?
Autopay is a marketplace lender based in Denver, CO. It was founded in 2007 and offers auto refinance loans in 50 states (and Washington, DC).
How much can you borrow via Autopay?
Auto refinance loan amounts start at $2,500 and go up to $100,000.
What are the auto loan refinancing rates offered through Autopay?
Autopay offers a fixed APR auto refinance loan product that ranges from 1.99% up to 15.99%.
What is the maximum loan term you can get with Autopay?
Autopay offers auto refinancing with terms ranging from 24 to 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 refinancing loan, the more interest you will pay.
Does Autopay charge an origination fee on auto refinance loans?
No, Autopay does not charge a loan origination fee for refinancing an auto loan.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount.
Does Autopay charge a late fee?
Yes, auto refinance loans via Autopay are subject to late payment penalty fees.
Does Autopay charge prepayment fees?
No, there is no prepayment penalty.
What are the key eligibility criteria for Autopay auto loan refinancing?
Applicants with a credit score of at least 600 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 refinance with Autopay?
Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 1 to 7 days of approval.
Does Autopay report loan payments to credit bureaus?
Autopay may report payment behavior to one or more of 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
|No Origination Fee|
|No Prepayment Fee|
|Credit Score Range||
600 - 850
850 300 600
|Immigration Status Considered||
|Minimum Annual Income||$24,000|
|Employment Statuses Considered||
|Maximum Vehicle Age||11|
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$2.5K - $100K|
|Loan Term (Months)||24 - 84|
|APR (Fixed APR)||1.99% - 15.99%|