Auto Approve Auto Loans: 2025 review

Auto Approve is best for seamless refinancing 

Finding the right refinancing loan requires weighing your current loan terms and rates against new ones. For some, this process can be overwhelming. Auto Approve streamlines this process by handling the heavy lifting: It matches you with lenders, does the DMV paperwork and contacts your previous lender. 

Types of car loans that Auto Approve offers 

The Auto Approve lending network allows borrowers to refinance to receive more favorable financing or purchase their leased vehicle. Its rates and terms for both loan types are the same. Rates are from 5.49% to 24.55% APR and terms are from 12 to 96 months. You can borrow from $10,000 to $150,000.

Refinance auto loans 

Refinancing your car involves replacing your current loan with a new one. If Auto Approve refinance matches you with a lender offering a lower APR, you could enjoy smaller monthly payments and savings on interest across your loan’s lifetime. You could also extend your lease term, lowering your monthly payment but increasing your total interest paid.

Lease buyout 

Auto Approve has two lease buyout options. A lease-end buyout allows you to buy or refinance your leased car at the end of the lease agreement. An early buyout option, on the other hand, can help you finance the cost to buy your leased vehicle before the lease ends.   

Where Auto Approve stands out  

• Customer support: Borrowers will be matched with a customer representative that will assist you throughout the funding process.
• Vehicle add-ons: When financing, you have the ability to add on gap insurance, an extended warranty or a service plan.
• Joint applications: Auto Approve allows co-borrowers and can also help with removing or adding one to your new loan.

Auto Approve customer resources

The Auto Approve lending network allows borrowers to refinance to receive more favorable financing or purchase their leased vehicle. The online application and funding process is seamless and encourages you to take advantage of personalized service that can provide step-by-step advice.

Customer support 

Auto Approve’s website has a chat box to answer any introductory questions on your loan application. For more in-depth questions, contact support via email or over the phone from Monday through Friday.  

Digital experience 

Auto Approve has a feature where you can get your rate in just 60 seconds. The website itself does not list much in terms of possible rate ranges or loan amounts, likely because the company connects you with lenders to help you find the best rates and terms based on your financial background and situation. 

How this lender compares

Working with a lender aggregator might not be the best financial choice for every type of borrower. Before signing off with Auto Approve, it is important to compare other refinance rates. 

Auto Approve vs. Ally 

If you like the convenience of online funding and loan handling, consider checking out Ally. The bank-funded lender offers refinance, purchase loans, leases and lease buyout options, as well as the ability to view real loan terms if you prequalify for financing. Ally also boasts flexible requirements. Borrowers may qualify while earning just $2,000 per month, even with less-than-perfect credit.   

Auto Approve vs. Tresl 

Tresl boasts a seamless online application that allows you to prequalify for rates through a soft credit check. But it discloses less information upfront than Auto Approve — it’s not clear what loan amounts or APRs it offers. Both Tresl and Auto Approve offer online assistance when handling refi documentation, which can streamline the process. 

Do you qualify for an Auto Approve auto loan? 

Auto Approve requires a minimum credit score of 620, which falls within the fair range, according to Experian. However, the lender works with an extensive network, so specific qualification requirements will vary by partner. 

Auto Approve offers refinance loans for cars and motorcycles. However, it does not refinance RVs, ATVs, boats, heavy equipment or commercial vehicles.  

How Bankrate rates Auto Approve

The Bankrate team uses a 16-point system to evaluate auto loan refinance products across four main categories.