Autopay works with credit unions and other financial institutions to connect borrowers with loans for new and used vehicles.
You can prequalify and apply online, and Autopay provides a list of documents you will need to submit (driver’s license, proof of insurance, proof of income, proof of residence and a payoff letter if you are refinancing). If you receive a prequalification, it is good for 30 days. Autopay also allows co-applicants.
Loans are from $2,500 to $100,000. Terms are from 24 to 96 months. Car refinancing can include cash out for up to $12,000. Autopay will not refund any payments made to your account. There is no application fee or prepayment penalty. Autopay also sells service contracts and guaranteed asset protection, also known as gap insurance. You may want to compare rates on those products with those available elsewhere before adding them.
There are no discounts mentioned on Autopay’s website, but the company says customers who refinance save an average of over $1,000 per year.
There is no minimum credit score listed on Autopay’s website, but the company says it has options for “all credit profiles.” You’ll need to have documents ready to upload verifying your identity, income, address and insurance.
Autopay has an A+ rating from the Better Business Bureau and a 4.9-star rating from Trustpilot based on more than 375 reviews.
If you have questions, you can call 844-276-3272 or email [email protected] Hours are Monday through Saturday from 7 a.m. to 7 p.m. Mountain Time, and Sunday 9 a.m. to 5 p.m. Mountain Time.
- People who want to get prequalified before they shop for cars.
- People who plan to take out a loan within 30 days of prequalification.
- People who want to use co-applicants.