Auto Approve review
Refinance service with soft-pull quotes, long term options and a deferred first payment for some borrowers. Borrowers who want to compare a quote without a hard inquiry and need flexibility on term length or vehicle type. We rank it #3 of 8 in our auto loan refinance comparison, with an editorial score of 8.7 out of 10.
Auto Approve scores well on Credit check transparency because its FAQ says quotes use a soft inquiry and a hard inquiry happens only if you move forward, and on Lender access & flexibility for terms that typically range from 12 to 96 months, motorcycle and RV refinancing and a deferred payment option. It scores lower on Cost & fee transparency because, although it says there is no application fee, admin, document and title fees are itemized only by your consultant.
How we score auto loan refinance
Visit site (Auto Approve, opens in a new tab)Quick facts
Overview
Auto Approve is an auto refinance service that works with lending partners to find you a rate. Its homepage says you can get a quote without your Social Security number, and its FAQ says the soft inquiry it performs to quote you is visible only to you and does not affect your score. A hard inquiry happens if you choose to move forward.
Its FAQ says loan terms typically range from 12 to 96 months and that it refinances cars, trucks, SUVs, motorcycles and RVs, but not commercial vehicles, heavy equipment or vehicles titled to a company. It also offers lease purchase loans and a deferred payment option for qualified applicants.
Auto Approve says it does not charge an application fee and that getting a quote is free. Refinancing can still involve administrative, document and title fees, plus any optional add-ons, which your loan consultant itemizes. Ask for that list in writing before you sign.
Pros and cons
Pros
- Clear soft-then-hard credit check process
- Wide range of terms and vehicle types
- No application fee, per its site
Cons
- Admin, document and title fees can apply
- No published rate range
- Longest terms can cost much more in interest
Key features
- Soft inquiry to quote; hard inquiry only if you move forward
- Quote without a Social Security number, per its site
- Terms typically 12 to 96 months
- Refinances cars, trucks, SUVs, motorcycles and RVs
- Deferred payment option for qualified applicants
Who Auto Approve is for
A good fit if
Borrowers who want to compare a quote without a hard inquiry and need flexibility on term length or vehicle type.
Look elsewhere if
Anyone who wants all fees published on the site before talking to a consultant.
How we scored Auto Approve
Auto Approve scores well on Credit check transparency because its FAQ says quotes use a soft inquiry and a hard inquiry happens only if you move forward, and on Lender access & flexibility for terms that typically range from 12 to 96 months, motorcycle and RV refinancing and a deferred payment option. It scores lower on Cost & fee transparency because, although it says there is no application fee, admin, document and title fees are itemized only by your consultant.
Our auto loan refinance score weighs credit check transparency (25%), cost & fee transparency (25%), lender access & flexibility (20%), eligibility clarity (15%), borrower support (15%). See the methodology.
Auto Approve alternatives
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#1
RateGenius
Best overallRefinance platform with a large lender network and a clear explanation of soft and hard credit checks.
- Network of more than 150 lenders, per its site
- Soft inquiry to prequalify; hard inquiry when you apply
- Apply online or by phone
- Title and paperwork guidance
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#2
RefiJet
Best for published requirementsConsultant-led refinance service that publishes its rate, term and eligibility ranges up front.
- Published APR, term, amount, credit score and income ranges
- Terms up to 96 months
- No fee to apply, per its site
- Possible payment deferral of up to three months
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#4
myAutoloan
Best for comparing offersAuto loan marketplace that returns up to four prequalified offers from one form.
- Up to four prequalified offers from one form
- Soft inquiry by myAutoloan; lenders may run soft or hard
- Free to use, with no obligation to accept
- Refinance, purchase, private party and lease buyout loans
Head-to-head
Auto Approve FAQ
Does Auto Approve do a hard credit pull?
Auto Approve's FAQ says it uses a soft inquiry to quote you, which does not affect your score. A hard inquiry happens if you decide to move forward with a loan.
Does Auto Approve charge fees?
Its site says there is no application fee and quotes are free. Refinancing can involve administrative, document and title fees and optional add-ons, which your consultant itemizes. Check the current terms before you sign.
Can Auto Approve refinance a motorcycle or RV?
Yes. Its FAQ says it refinances motorcycles and RVs as well as cars, trucks and SUVs. Commercial vehicles and heavy equipment are not eligible.
Sources and fact check
We checked the facts on this page against Auto Approve's own website on .