Autopay Main Features
· Easy, 100% online application process
· A large network of trusted lenders
· Fast approval time, you can get funding the following day
Autopay Overview
Autopay offers two main services – auto refinancing and new car loans. If you’re looking for an auto loan refinancing solution, this broker promises to help you lower your monthly payments. The company will provide you with better loan terms. According to its website, the average Autopay customer saves about $1,000 annually after applying for refinancing through Autopay.
This means savings of approximately $96 per month. Moreover, the company also states it helps customers lower their APR by over 50%. Depending on each lender, some car-related limitations may apply. Many lenders only refinance loans for cars no older than ten years and with a maximum of 150,000 miles. Autopay doesn’t apply any origination fees when it processes your application.
Who Is This Service Good for?
This platform is a good option for anyone looking for fast auto loan refinancing solutions. You can get funds even the next day. It is also suitable for those with a lower credit score who are striving to improve it.
What Does Autopay Offer?
Autopay offers a fast and straightforward prequalification process. To get matched with a lender, you just have to complete a simple form, which takes a few minutes. After filling out the form, you immediately get matched with the best lenders for your needs. You get several options to choose from, all of which you qualify for. Approval usually takes little time. You could even get money the following day, or you might have to wait up to 14 days.
The company also helps customers with a lower (or building) credit score find a lender to refinance their loan. Moreover, if you don’t have a good credit score, you can also add a co-signer to your application. You can apply for loan refinancing both for old and new cars. Generally, the company accepts customers with a credit score of at least 550.
How to Apply
If you want to apply for refinancing through Autopay, you can start by using the online free calculator on the website. This intuitive tool doesn’t require you to provide any personal information. You just have to provide the following details related to your current loan:
· Payoff amount
· Remaining term
· APR
· RFI term
· Your credit status
For the latter, you have to choose one of the three available options – excellent, average, or rebuilding.
After your prequalification application is accepted, you can go to the next step, the actual application process. Afterward, you have to wait for the approval and the funds to become available. The application is streamlined; you only have to fill out a form with a few personal details, including your driver’s license, proof of income (e.g., pay stubs), proof of insurance, and proof of residence (e.g., lease agreement). You will also need to provide a few details about your current loan, as well as your current lender’s payoff, and your contact details.
The minimum income you’ll need to be able to access loan refinancing through Autopay is $24,000. After your request is approved, the rest of the process depends on the direct lender you choose. Autopay will take care of the procedure and the paperwork for you.
Autopay Loan Refinancing Terms and Rates
Since this is a marketplace, not a direct lender, the rates and terms will differ based on the lenders you get matched with. The loan terms can be as long as 84 months. However, most lenders offer terms of up to 60 months for refinancing. The minimum term length usually starts at 24 months. The lenders this company works with offer different APRs that may vary from 1.99% to 2.99%.
Repayment Options
You can access loan refinancing for amounts between $2,500 and $100,000.
In most cases, the lender will allow you to automate your payments. You can do this by setting up an automated transfer on a specific day and configuring this payment as a recurrent one. With internet banking tools, you can do this in a few minutes. The advantage is that you won’t risk missing a payment deadline, which can lead to a late payment fee.
Since Autopay is not the loan provider, all the repayment terms and options have to be discussed directly with the lender.
Autopay Reliability
Autopay enjoys an A+ rating from the BBB. It also boasts an outstanding rating of 4.8 stars out of five on Trustpilot. However, there are currently only 217 reviews for this company on this website.
Autopay is a safe and reliable service. It offers a transparent application process and straightforward information in its privacy policy.
Autopay Customer Service
The easiest way to reach out for help is the live chat option. You’ll find it on the website, in the bottom right corner, on any page. You can also get in touch by phone at 844.276.3272. The team is available from Monday through Friday between 7 AM and 7 PM MST and Saturday from 9 AM to 5 PM. You can also use the FAQ section to learn more about the company’s service. The support agents are prompt, polite, and knowledgeable.
Physical Adress
PO BOX 40469
Denver, CO
80204
Conclusion
Autopay is a good option if you’re looking for different auto refinancing solutions. This intuitive platform will quickly match you with different loan refinancing providers. The application process is fast and simple, and you get funds in a maximum of 14 days. The company also offers exccellent support.
