Tresl and Auto Approve are online platforms that match prospective borrowers with attractive auto loan refinance options. Both serve consumers in all 50 states and feature a convenient online lending process. However, Tresl also features commercial auto loan solutions, while Auto Approve offers motorcycle, boat, ATV and RV refinancing options.

You’ll also find that Auto Approve is more transparent with its offerings through partner lenders. Although the specific lenders they work with aren’t disclosed online, you can view more detailed pricing information before applying. But Tresl requires you to get prequalified to access pricing information.

Tresl vs. Auto Approve at a glance

Tresl Auto Approve
Bankrate score 3.4 3.9
Better for
  • Commercial loan financing
  • Comparing rates
  • Transparency when applying for refinancing
  • Seamless refinancing
Loans offered Refinancing, lease buyout, company car purchase Refinancing, lease buyout
Loan amounts Not specified $10,000–$150,000
APRs Varies by lender 5.24%-24.99%
Loan term lengths Not specified 12 to 84 months
Fees Varies by lender Varies by lender
Minimum credit score Varies by lender 620
State footprint All 50 states All 50 states
Time to funding Not specified Varies by lender
Autopay discount? Not specified Varies by lender
Refinancing restrictions
  • Age: No more than 10 years old
  • Loan amount: At least $8,000
  • Months left on loan: Not specified
  • Mileage: Under 150,000
  • Varies by lender
  • Heavy equipment and commercial vehicles excluded


Rating: 3.3 stars out of 5
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    • Lock in rates ahead of time: Borrowers can prequalify for a loan with only a soft credit check — without damage to their credit.
    • Seamless application: The online application makes document upload much more straightforward than working in person.
    • Customer support: Following prequalification, borrowers will be matched with a dedicated customer support professional.
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    • Undisclosed information: Neither auto loan terms nor rates are disclosed online before you apply.
    • Potential fees: Possible loan origination fees can increase your overall cost.
    • Limited products: Tresl does not serve those looking to purchase a new or used car (aside from company cars).

Auto Approve

Rating: 3.9 stars out of 5
  • Green circle with a checkmark inside


    • Deferred payment: Auto Approve offers a 90-day deferred payment option for qualified applicants.
    • Co-borrowers allowed: Signing off with a co-borrower can help those with less-than-perfect credit secure a more competitive rate.
    • Personalized assistance: Borrowers will be matched directly with a customer representative who can provide assistance throughout the funding process.
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    • Potential fees: While Auto Approve does not enforce an application fee, other fees are likely.
    • Unknown lenders: Auto Approve does not disclose the partners that it works with, which can make it difficult to gauge expected rates.
    • Small range of products: The lender does not offer loans for new or used vehicle purchases.

How to choose between Tresl and Auto Approve

Both feature attractive loan options for auto loan refinancing and lease buyouts, but Tresl offers less upfront transparency. Still, you can find financing solutions for your next company car purchase, which isn’t an option with Auto Approve.

Choose Tresl if you need commercial auto loan financing

Tresl doesn’t offer as many refinancing options, but it beats Auto Approve if you’re looking to buy a company car. Tresl states most applicants receive an answer regarding prequalification in seconds, and it takes roughly 24 hours to receive full loan approval.

Plus, you’ll get personalized assistance from a Tresl Finance Advisor. They will work directly with your company’s fleet management service and the lender to ensure the transaction goes as smoothly as possible.

Choose Auto Approve if you want more transparency before applying

You can get prequalified and view potential rates in minutes with Auto Approve. But if you’d prefer not to take this extra step right away, ranges for loan rates and terms are published online. Plus, the loan calculator is available to estimate potential savings.

Auto Approve also offers motorcycle, boat, ATV and RV refinancing, unlike Tresl. You also have the luxury of avoiding rate mark-ups. Plus, you could be eligible for a 90-day deferment period before your first payment is due.

Compare more lenders before applying

Tresl and Auto Approve are two online lending platforms that can help you find the best rates and terms on auto loan refinancing. Still, comparing multiple lenders before applying is vital to ensure you get a good deal. By taking the time to research and compare multiple lenders, you can make an informed decision and potentially save yourself thousands of dollars in the long run.