If you’ve looked into your car loan refinancing options, you’ve probably heard about Auto Approve and wondered, is Auto Approve a legit company?
As of 2025, Auto Approve has:
An A+ from the Better Business Bureau
A 4.7 on TrustPilot
A 4.5 on Consumer Affairs
Positive reviews from NerdWallet and LendingTree
Auto Approve works with credible lending partners to offer competitive refinance rates with no mark-ups. Auto Approve does not sell, rent, or lease its customer lists to third parties. (For more details, please refer to our FAQ page and privacy policy!)
But you probably have more questions, like, is Auto Approve a direct lender? And how does the process actually work?
In this guide, you’ll learn all about Auto Approve, how the refinance process works, and how Auto Approve works to get you the best deal possible on your car loan refinance.
Auto Approve works with a group of top lending partners to find you the best refinance offer to fit your needs. Auto Approve is not a direct lender.
When you refinance with Auto Approve, Auto Approve will gather offers for you from our network of lending partners, then an Auto Approve representative will work with you directly to find the right refinance for your unique financial situation. Auto Approve advocates for you as you navigate through the world of refinance, then handles the paperwork for you when you choose the refinance that’s right for you.
Vehicle refinancing
Auto lease purchase
GAP insurance
Vehicle protection plans
Read on to learn more.
Refinancing means paying off your existing vehicle loan with a new one, ideally with more favorable terms.
People choose to refinance to:
Save money by lowering their interest rate
Pay less each month
Add or drop a co-borrower
Otherwise change the terms of their auto loan
Car loan refinance is Auto Approve’s primary offering.
If you are looking to refinance your loan, Auto Approve can help you to:
Determine if the time is right to refinance your loan
Connect you with the best lenders for your refinance
Help you apply
Finalize the paperwork (including DMV paperwork)
We can help you refinance your car, truck, SUV, and even your motorcycle.
If you have a leased car that you want to own, a lease buyout loan is a way to purchase your leased car.
You can typically buy your leased car for the price of the residual value of the vehicle, plus any taxes and fees. Unless you have that money in cash, you will need to get an auto lease buyout loan to make the purchase.
GAP insurance is optional insurance that kicks in when there is a gap between what insurance covers and what you owe on your car.
For example, let’s say you still owe $10,000 on your car when you get into an accident. Your car insurance decides that they will only pay out $8,000 in damages. This means that you are still responsible for $2,000 to the lender. GAP insurance would cover this so that you do not have to pay this amount.
A vehicle protection plan offers additional coverage on your car for maintenance and repairs.
Vehicle protection plans can be used with your manufacturer’s limited warranty or they can be used when the limited warranty expires.
When you refinance with Auto Approve, you can also bundle a vehicle protection plan into your low monthly payments. Bundling a plan will give you additional protection should something go wrong with your car.
Vehicle protection plans from Auto Approve come with added benefits, such as:
24/7 roadside assistance
Up to $50 per day rental reimbursement
Courtesy towing
Your choice of certified-ASE mechanic
Auto Approve is a legitimate company.
Auto Approve was on the Inc. 5000 list of fastest growing private companies in America in 2022, 2023, and 2024.
Auto Approve has an A+ rating with the Better Business Bureau, a 96% would-recommend rating on LendingTree, and a 4.7 out of 5 star rating on TrustPilot, where you can read over 12,000 real customer reviews.
Auto Approve customers know that we can find them the best deals on car loan refinance and love our customer service. We know that sometimes you need to talk to a real person to get real results, so our live agents are here to work with you and give you the personalized attention you need and deserve.
Here are the steps to refinancing:
Determine whether now is a good time for you to refinance
Share basic details with Auto Approve to get a starting estimate and confirm eligibility (soft credit check only)
Gather necessary documents
Apply through Auto Approve to get offers from our lenders (hard credit check required)
Work with your advisor to determine the best refinance for you
Finalize the refinance (Auto Approve handles the paperwork!)
The first step to refinancing your car is determining if you should refinance in the first place.
It might be a good time to refinance your car loan if any of the following apply to you:
Your credit score has improved since you initially financed your car.
The market rates have decreased since you initially financed your car.
You want to add or remove a cosigner.
You need some extra breathing room every month and want to lengthen your repayment plan.
If now seems like a good time to refinance your car loan, the next step is to fill out some basics about your vehicle and current loan to get a quote from Auto Approve. From there, our team can help you determine if you will qualify for loan refinancing, and can even get you some preliminary offers in minutes.
At this stage, only a soft credit check is required to confirm whether you’ll be eligible to refinance, but a hard credit check will be required to get confirmed offers later in the process.
After you chat with an Auto Approve expert, they will help you determine where you should apply. You will need to gather the necessary documents, which will include:
Current loan information. You will need the name of your current lender, your account number, and your payoff amount. It’s good to have the contract handy to compare specific terms as well.
Personal information. You will need identification, proof of employment, proof of residence, and your contact information.
Vehicle information. You will need your car’s VIN, make, model, year, and mileage.
Once you have all of your information collected, Auto Approve will help you apply to the lenders that will best suit your needs.
When the offers roll in, you will need to decide which loan is right for you (Auto Approve can help you with this too!).
Once you decide which loan is right for you, you can simply sign on the dotted line. Auto Approve will make sure that your old loan is paid off and that your new loan is ready to go. It’s that simple! Auto Approve will even handle the DMV paperwork for you.
Now you know all about Auto Approve and how Auto Approve helps customers find the best refinance for their needs.
If you think you’re ready to refinance your vehicle, Auto Approve can help connect you with the lender that’s right for you.