Last Updated: 04/18/2025
Innovative Funding Services (IFS) Auto Refinance
Claimed
Last Updated: 04/18/2025
SuperMoney User Recommendation Score -43
Mostly not recommended7 total votes
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Highlights
Community Rating
Mostly not recommended
Amount Range
$5,000 - $100,000
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APR (Fixed APR)
2.49% - 23.99%(Verified 06/21/2024)
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Credit Score Range
500 - 850
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Loan Term (Months)
36 - 84
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Number of Reviews
Innovative Funding Services (IFS) Auto Refinance Review
Innovative Funding Services auto refinance is an auto loan refinance offering by Innovative Funding Services, based in Cedar Park, TX. Founded in 2007, Innovative Funding Services offers auto refinance loans in 50 states (and Washington, DC).
Key Takeaways
- Lease buyouts. Offers refinancing to buyout an expensive lease or purchase a company car.
- Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 500 are considered for Innovative Funding Services (IFS) Auto Refinance.
- Refinancing for large loan amounts. You can refinance auto loans of up to $100,000 with Innovative Funding Services (IFS) Auto Refinance.
- Fast funding process. In some cases, you may be able to refinance the loan within one business day.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the auto refinance loan early.
- No origination fee. Innovative Funding Services (IFS) Auto Refinance does not charge an origination fee for processing your loan application.
- Long loan terms. Innovative Funding Services (IFS) Auto Refinance offers loan terms of up to 84 months. Most auto refinancing loans have a maximum term of 60 months.
Innovative Funding Services auto refinance Pros & Cons
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Innovative Funding Services auto refinance FAQ
How much can you borrow via Innovative Funding Services auto refinance?
Auto refinance loan amounts start at $5,000 and go up to $100,000.
What are the auto loan refinancing rates offered through Innovative Funding Services auto refinance?
Innovative Funding Services auto refinance offers a fixed APR car loan refinancing product that ranges from 2.49% APR up to 23.99% APR. Interest rates vary by state.
Interest rates vary by state.
What is the maximum loan term you can get with Innovative Funding Services auto refinance?
Innovative Funding Services auto refinance offers auto refinancing with terms ranging from 36 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 Innovative Funding Services auto refinance charge an origination fee on auto refinance loans?
No, Innovative Funding Services auto refinance does not charge a loan origination fee for refinancing a car 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 Innovative Funding Services auto refinance charge a late fee?
Yes, auto refinance loans via Innovative Funding Services auto refinance are subject to late payment penalty fees .
Does Innovative Funding Services auto refinance charge prepayment fees?
Yes, Innovative Funding Services auto refinance 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.
What do you need to qualify for Innovative Funding Services (IFS) Auto Refinance?
Applicants with a credit score of at least 500 and up to 850 may be eligible for Innovative Funding Services (IFS) Auto Refinance. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Innovative Funding Services (IFS) Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Innovative Funding Services (IFS) Auto Refinance.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of insurance
- Driver's license or other government photo ID
What is the estimated funding time for a car loan refinance with Innovative Funding Services auto refinance?
Auto refinance loan applications are typically funded within 0 to 1 days of approval.
Does Innovative Funding Services 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. Innovative Funding Services auto refinance allows you to check your rates with a soft credit pull.
Is Innovative Funding Services a legit company?
Innovative Funding Services was founded in 2007, it is a well-established company that has been in business for 19 years. Innovative Funding Services (IFS) Auto Refinance is mostly not recommended by SuperMoney community users.
Innovative Funding Services (IFS) Auto Refinance Disclosure: Maximum rates vary by state-specific usury law. Pre-qualified offers are based on information applicants provide and contained in their credit reports. They are initial, conditional offers and are subject to change based on completion of a final application, verification of information provided and other conditions determined solely by the lender. Any pre-qualified offers are not guaranteed and not a commitment to lend.
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 Innovative Funding Services auto refinance
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Other Auto Loan Refinancing from Innovative Funding Services
Rating not yet determined
Amount Range
$5K - $100K
APR
2.49% - 23.99%
Disclaimer popup with additional information
Credit Score Range
500 - 850
300
850
Loan Term (Months)
36 - 84
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly don't recommend this product, giving it a user recommendation score of -43, or 2.1 on a 5-point rating scale.
-43
-1000+100
No one recommends
Everyone recommends
Innovative Funding Services (IFS) Auto Refinance Community Reviews
Would you recommend Innovative Funding Services (IFS) Auto Refinance to your friends?
SJ
Stephen J.
Aug 16, 2023
May or may not recommend
I did an application that said it was a soft credit check. Then I got a phone call and discussed options with the representative from IFS. Decided it was not what I was looking for. Then I started receiving follow up emails to complete the application and submit necessary documents, I never did that. Today I received an notice of adverse action email stating that ...Show More
U
Anonymous
Sep 27, 2019
May or may not recommend
Great experience and very helpful employees. Would highly recommend to everyone.
SK
Subash K.
Aug 30, 2019
May or may not recommend
Be careful of IFS and all other MIDDLEMAN!!! I checked pre-qualified auto refinancing options from Credit Karma. I saw 3.7% from IFS, which was about 1% lower than my current loan's APR. Fine, I thought I might be able to save some bucks with this offer. I applied for the loan and then I started receiving phone calls from IFS's representative asking for my detail information including VIN of my ...Show More
U
Anonymous
Aug 29, 2019
May or may not recommend
I had a great experience with this company. Super easy. After reading previous reviews I asked my sales person if they worked remotely because I thought it would be a great potential job opportunity for my brother. She actually told me they are in an office building and all have to go into work every day. I was really impressed with how easy it was to get financing and buy ...Show More
EG
Elle G.
Feb 17, 2018
May or may not recommend
Buying from Avis car sales/IFS is like pulling teeth. Their sales people all of whom work remotely do not seem interested in selling their cars. For example, starting on 13th Feb until today I have had to call them at least thirty times because if you call them 10 times they might pick up once. They never respond to emails or voicemails. I have to keep begging them to ...Show More
U
Anonymous
Sep 6, 2016
May or may not recommend
I was approved by ifs for a loan and Jose contacted me with an approval. He was extremely pushy, trying to get me to sign papers and over the course of a week had quoted me 2 different aprs and 3 different payment prices! Extremely unprofessional as he would not answer my calls, just email, and would not give me answers to ANY of the questions I had about the ...Show More
Zen C.
Jul 16, 2015
May or may not recommend
I would like to file a formal complaint about Jose Sosa. He has not only wasted a tremendous amount of time, he is also unprofessional and full of excuses.
My experience from beginning to end:
I submit a an application to refinance our auto loan
I receive an approved email and a call/vm by Jose
I call him back and straight to vm, then he is gone for vacation
I request to be transferred ...Show More
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