AutoPay Auto Loan Refinance Review 2019 - Make Lemonade

AutoPay Auto Loan Refinance Review

Company Overview: AutoPay

AutoPay is an online auto loan marketplace with a network of lenders nationwide. AutoPay is focused on auto loan refinance (although it also offers auto purchase loans), and helps you shop for the best auto loan rates among its partners, and then presents you with the most competitive offers. AutoPay is available in all 50 states. AutoPay says that it helps saves its customers, on average, $165 per month when they refinance auto loans through AutoPay.

AutoPay Auto Loan Overview

AutoPay offers attractive rates and terms compared with other top auto refinance lenders:

Loan Amount: $5,000 – $100,000

Loan Term: 24 – 84 months

Application Fee: None

Soft Credit Check: Yes

Minimum Vehicle Requirements: 125,000 maximum mileage

Vehicle Age: 12 years

How AutoPay Compares: Key Benefits Of An AutoPay Auto Loan

Here are some of the reasons that AutoPay borrowers love to refinance auto loans with AutoPay:

  • Easy Online Application: You can apply for an AutoPay Auto Loan completely online.
  • Lender Network: AutoPay searches the best rates among its large partner network.
  • National Reach: AutoPay is available in all 50 states.
  • Auto Loan Refinance: AutoPay is focused primarily on auto loan refinance, although it also offer financing to buy a car.

Eligibility Criteria

To apply to refinance auto loans with AutoPay, you need to meet the following eligibility criteria:

Requirements To Apply For Auto PayAuto Loan

Minimum Age: At least 18 years old

Citizenship/Residency: U.S. citizen or permanent resident (applies to co-signer too, if any)

States: Available in 50 states

Employment: You are currently employed

Loan eligibility depends on a number of additional factors, which may include your credit profile, income and total debt payments.

Bottom Line: Is AutoPay right for you?

AutoPay is a marketplace that can show you rates through its partner network.

To apply to refinance auto loans with AutoPay, you generally need a minimum credit score of 600. However, many people who get approved to refinance auto loans through AutoPay have a credit score greater than 700. You will also need minimum income of $2,000 per month or $24,000 per year. If you do not meet this requirement, you can apply with a cosigner who meets this minimum threshold.

AutoPay also makes the online application easy because you apply for your auto loan completely online.

Next Steps: How To Apply To AutoPay

You can complete the online application (which takes only a few minutes). You can expect to provide at least the following documents:

  • Your most recent pay stubs
  • Your most recent bank statements
  • Driver’s license or passport (or other form of government-issued identification)
  • Your payoff letter from current auto lender
  • Your vehicle information, including make, model, style and current mileage
  • Proof of insurance
  • Proof of residency such as a utility bill
  • Your employer’s name and contact information

Applying is super easy – get your personalized rate


Best Auto Loan Refinance Rates For 2019

Lender
Rates (APR)
Minimum Credit Score

Overview

Minimum Loan Amount:$8,000
Maximum Loan Amount:$100,000
Minimum Loan Term:24 months
Maximum Loan Term:72 months
Maximum Vehicle Age:N/A
Maximum Mileage:125,000
Minimum Income:$1,800

Details

  • No application fees
  • Compares rates from multiple lenders to find best match for you
  • Available in 48 states (except Hawaii and Alaska)
  • Requires hard credit pull for pre-approval
  • Co-signers permitted

Overview

Minimum Loan Amount:$10,000
Maximum Loan Amount:$90,000
Minimum Loan Term:24 months
Maximum Loan Term:87 months
Maximum Vehicle Age:N/A
Maximum Mileage:100,000
Minimum Income:$2,000

Details

  • No application fees
  • Available in all 50 states
  • Requires hard credit pull for pre-approval
  • Co-signers permitted

Overview

Minimum Loan Amount:$5,000
Maximum Loan Amount:$75,000
Minimum Loan Term:24 months
Maximum Loan Term:84 months
Maximum Vehicle Age:N/A
Maximum Mileage:125,000
Minimum Income:N/A

Details

  • No application fees
  • Compares 150 lenders to find best match for you
  • Available in 48 states (except Nevada and Maine)
  • Requires only soft credit pull for pre-approval
  • Co-signers permitted

Overview

Minimum Loan Amount:$5,000
Maximum Loan Amount:$100,000
Minimum Loan Term:24 months
Maximum Loan Term:84 months
Maximum Vehicle Age:12 years
Maximum Mileage:125,000
Minimum Income:$2,000

Details

  • No application fees
  • Compares rates from multiple lenders to find best match for you
  • Available in all 50 states
  • Requires only soft credit pull for pre-approval
  • Co-signers permitted

Overview

Minimum Loan Amount:$5,000
Maximum Loan Amount:$55,000
Minimum Loan Term:24 months
Maximum Loan Term:72 months
Maximum Vehicle Age:10 years
Maximum Mileage:120,000
Minimum Income:$2,000

Details

  • No application fees
  • Available in all 25 states: Alabama, Arkansas, Arizona, California, Georgia, Idaho, Indiana, Kansas, Maryland, Michigan, Missouri, Montana, Nebraska, New Mexico, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah and Washington
  • Requires only soft credit pull for pre-approval
  • Co-signers permitted

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AutoPay Auto Loan Refinance Review
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