Auto Approve Auto Loans Review

Rating: 9.6 / 10 (Excellent)
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Founded in 2016 and based in Minnesota, Auto Approve, LLC specializes in auto loan refinance and assists vehicle owners by reducing their interest rates and payments. The company connects customers to the best option possible from their list of preferred lenders. Auto Approve has an A rating with the BBB and was named a Top 3 Customer Rated auto finance partner by LendingTree in second quarter 2017, and again in first quarter 2018. These ratings are customer driven and are based on factors such as customer service, offered rates, responsiveness and overall customer experience.

How is Auto Approve rated?


Loan Options
Application & Service

Overall Rating: 9.6 / 10 (Excellent)

Auto Approve is a great choice for auto refinance because they offer top-rated, personalized customer service and can provide car owners with the best possible financing terms through its network of preferred lenders. Auto Approve charges no application fees and features fast approval times. What's more, in addition to cars, the company can refinance SUVs, trucks, motorcycles, RVs, and even boats and ATVs.

Auto Loans & Refinancing

Loan Options - 10 / 10

Auto Approve is an online marketplace that connects customers with a large network of lending partners such as banks, finance companies and credit unions across the country. Because of Auto Approve’s relationship with these lenders, they can get customers preferred access for their auto loan refinance. Common reasons customers choose to refinance through Auto Approve include lowering their interest rate and monthly payment, paying off the loan faster, skipping one or more payments, or removing someone else from the original loan. Terms and interest rates will vary by lender, but Auto Approve strives to give its customers the control to dictate the term of the loan, shortening or lengthening to accommodate their individual refinancing needs.

Types of Loans Offered

Purchase Loans
Refinance Loans
Lease Buyout
Private Party Purchase

Additional Info

Term, maximum loan amount, interest rate and days to first payment will all vary depending upon factors such as the value and condition of the motor vehicle, certain credit related criteria, and the best options provided by Auto Approve’s lending partners.

Loan Qualifications

Qualification - 9 / 10

To qualify for an auto loan from an Auto Approve lender, customers must meet certain basic requirements. Customers must be employed and have a minimum gross monthly income of at least $1,500. The loan balance on the motor vehicle to be refinanced must also be over $7,500. Additionally, the vehicle must be less than 10 years old and not have more than 150,000 miles. To get an initial quote rolling, all customers need to provide is their driver's license, proof of insurance, and current vehicle registration.

Borrower Qualifications

Minimum Income
$1,500 monthly
Minimum Credit Score
Verification / Documents Required
Vehicle Registration
Driver's License / Photo ID
Proof of Insurance

Vehicle Qualifications

Mileage Limit
Less than 150,000 miles
Car Age
10 years or newer

Application & Service

Application & Service - 9.8 / 10

Auto Approve features no application fees and there are no up-front costs. However, a refinance-related fee to cover document costs and amounts paid on the customer’s behalf (such as titling fees) is included in the refinanced loan. Auto Approve generally performs only soft credit report inquiries as part of its prequalification process. These inquiries are not viewable by anyone but the customer, and do not impact the credit score in any way. If an application is forwarded to one of Auto Approve’s lending partners, they lending partner will perform a hard pull which can be seen on the customer’s report. However, since credit bureaus typically allow around 14 days for people to shop around for auto financing, all credit pulls during this time frame will generally count as a single inquiry.
Approval Time
Within minutes, in most cases
Benefits/ Features
Online Rates
Credit Inquiry
Auto Loan Calculator

Auto Approve Reputation & Reviews

Reputation - 9 / 10

Despite the fact that Auto Approve opened in 2016, the organization has garnered a considerably good reputation and a large amount of positive customer feedback. Auto Approve has an A rating with the BBB and an overwhelming majority of positive reviews. Customers routinely point out the speed and efficiency of the process, and, of course, the money they were able to save through an Auto Approve refinance.
Trust Pilot Rating
8.8 out of 10
BBB Rating
Number of BBB Positive Reviews
Number of BBB Negative Reviews
Date Collected

Contact & Additional Information

Lender Type
Homepage URL
Company Phone
(763) 200-4560
Headquarters Address
10939 89th Ave, North Maple Grove, MN, 55369
Year Founded

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Top Rated
Our Partner
9.6 / 10
  • Lower interest rate and monthly payments
  • Quick application and approval
  • Access to banks and credit unions across the country
  • Refinance and skip your next payment
  • Fantastic customer feedback