What is your application fee?

There is no fee to apply with Auto Approve.


How many payments do I need on my current loan to qualify for a refinance?

There is no minimum number of payments needed to refinance. As soon as you take ownership of your vehicle, you are eligible to refinance your loan.


How soon after applying will I know my refinance application is approved?

In most cases, you’ll receive a loan decision within minutes of submitting your online application. Once your loan is approved, we’ll contact you to review the details of the best offer.


Will applying for refinancing impact my credit?

Credit scoring systems allow people to shop for the best rates on car loans without having a negative impact on their credit scores. The credit rating agencies do so by counting all inquiries for auto loans within a giving period of time as a single inquiry. The time period may vary slightly from one credit scoring system to another but it’s typically 14-days. Also check out Experian, My Fico, and Credit Karma.


When I refinance, do I have to start the entire term of my loan over again or extend the term of my loan?

When you refinance with Auto Approve, you’re in control and can choose the term of the loan. Terms may be shortened or lengthened to accommodate your individual refinancing needs.


Do you only refinance cars?

Auto Approve refinances cars, trucks and SUVs. We also refinance:

•    Motorcycles

•    RVs

•    Boats

•    ATVs


My vehicle is under my company name. Can I refinance it?

Commercial vehicles and heavy equipment machinery are not eligible for refinance. We cannot refinance a vehicle that’s under a company name.


What are the basic requirements for refinancing my current loan?

The basic requirements to qualify for our refinancing program include the following:

•    You must have a minimum gross monthly income of at least $1,500

•    The payoff amount of your current loan must be over $7,500

•    The vehicle must be 10 years old or newer

•    The vehicle must have less than 150,000 miles


When will my first payment be due?

The due date of your monthly payment will be specified in your loan package. Your first payment is typically 45 days from the contract date of your loan. In effect, you get to skip a payment. Ask about our 90 day first payment option!


What documentation is required?

Auto Approve requires the following documentation to process an application for refinance:

•    Driver’s License

•    Current Proof of Insurance

•    Current Registration

Note: You may be asked to provide additional documentation for lender approval.


Who are the lenders Auto Approve works with?

Our lender network consists of banks, finance companies and credit unions across the country. Each lending partner has a different set of criteria for applicants. Since our trained loan consultants know their criteria, we can search for the best financing solutions for you.


When does my offer expire?

Our lender-approved offers are valid for 30 days.


If you have additional questions, feel free to contact us at:


Auto Approve


(763) 200-4560

Toll Free: (844) 9GO-REFI


10939 89th Ave N

Maple Grove, MN 55369