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).
APRs for auto refinance loans through Autopay range from 1.99% to 15.99%.
Autopay offers auto refinancing 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 refinancing loan, the more interest you will pay.
Yes, Autopay charges a loan origination fee.
Yes, auto refinance loans via Autopay are subject to late payment penalty fees.
Yes, Autopay does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment feees can reduce or even cancel the interest savings of repaying a loan early.
Autopay requires borrowers to have a credit score of at least 620 to apply for auto loan refinancing.
To qualify, applicants may need to provide the following documentation:
Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 1 to 7 days of approval
Autopay reports payment behavior to one or more of the following credit reporting agencies: