Hey all, shopping for financing — dealer’s best offer is 5.64% (credit unions at 4.5%) but “Auto Approve” is quoting me 2.99%
Here are the details:
I found them through https://app.supermoney.com/
Is this legit, or should I just go with the dealer?
In all likelihood I’m going to sell the car within the next 1-2 years, just waiting for the market to cool off.
Site looks nice, been around for 4 years.
But they claim been around for 9 years?
But registered in FRANCE?
Site says ‘Americans’?
My sketchy radar is starting to ping. I would go somewhere else like LightStream.
Haha, i actually ran it through Lending Tree as well and they also showed Auto Approve (https://autoapprove.com/) as lowest financing option
Why don’t you check the credit union thread that @HersheySweet made, there are some nationwide CU’s on it .
oh you meant AutoApprove, not supermoney.
That’s Stifel Client Services, so they are legit, but only located in KS, so would they approve a CA loan?
isn’t autoapprove refinance only?
Pretty sure you can do better from another CU if your credit is good.
AutoApprove isn’t really 2.99% if you’re paying an origination fee. Do the math when you add the $399 to your finance charges for 2 years and see what the effective APR is.
I’m under the impression from a previous transaction (double check me, though) that charging origination fees on an auto loan is only legal in two states, one of which is Ohio (I don’t recall the other one, but it wasn’t California).
Definitely check more credit unions, Lightstream, banks, etc.
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