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Where does SpringboardAuto do business?
SpringboardAuto is a marketplace lender based in Irvine, CA. It was founded in 2015 and offers auto refinance loans in 30 states across the USA.
How much can you borrow via SpringboardAuto?
Auto refinance loan amounts start at $7,500 and go up to $40,000.
What are the auto loan refinancing rates offered through SpringboardAuto?
APRs for auto refinance loans through SpringboardAuto range from 5% to 36%.
What is the maximum loan term you can get with SpringboardAuto?
SpringboardAuto offers auto refinancing with a maximum term of 72 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 SpringboardAuto charge an origination fee on auto refinance loans?
Yes, SpringboardAuto charges a loan origination fee of $0 to $595
Does SpringboardAuto charge a late fee?
Yes, auto refinance loans via SpringboardAuto are subject to late payment penalty fees of up to $100.
Does SpringboardAuto charge prepayment fees?
No, there is no prepayment penalty.
What are the key eligibility criteria for SpringboardAuto auto loan refinancing?
Applicants with a credit score of at least 500 can apply for a loan via SpringboardAuto. 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
- Recent bank statements
What is the estimated funding time for an auto loan refinance with SpringboardAuto?
Auto refinance loan applications are typically approved (or denied) within 1 hour and funded within 1 to 7 days of approval
Does SpringboardAuto report loan payments to credit bureaus?
SpringboardAuto may report payment behavior to one or more of the following credit reporting agencies:
- New Jersey
- New Mexico
- New York
- North Carolina
- South Carolina
- West Virginia
- 1099 Misc. Income
- Direct Deposit (W2, SSA, SSDI)
- Payroll Check or Prepaid Card
- Active Duty Military
- Military Dependent
- Employed Full-Time
- Employed Part-Time
- U.S. Citizen
- U.S. Permanent Resident
- Proof of Income
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)