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SpringboardAuto car loan alternatives

While it temporarily ended its loan program, these 3 other lenders may be able to help.

Updated

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Why doesn’t SpringboardAuto offer car loans anymore?

SpringboardAuto temporarily ended its car loan program in January 2019 after it was acquired by Oportun, a community development financial institution. Previously, the lender offered car loans between $7,500 and $45,000 with relatively flexible requirements for used cars.

While the provider has plans to offer car loans again in the future, it’s still not accepting new applications as of September 2019.

3 alternatives to SpringboardAuto car loans

These three lenders are some of the best alternatives to SpringboardAuto — they all accept borrowers with less-than-perfect credit and offer a variety of car loans to cover just about any situation.

Best for borrowing with bad credit: RoadLoans

RoadLoans, a subsidiary of Santander Consumer USA, offers new and used car loans, as well as refinancing, no matter your credit score. In fact, it doesn’t have any credit requirements at all. And there are no fees, so you’ll only be on the hook for interest charges.

The downside? It’s not up front about what rates you might get. And former borrowers complained about not being able to find the car they wanted because of limited dealership supplies.

  • Loan amounts: $5,000 to $75,000
  • APRs: Not stated
  • Terms: Not stated
  • Eligibility requirements: Be 18+, monthly income of $1,800+, reside in a state where RoadLoans operates and do not have open car loan with RoadLoans, parent company Santander Consumer USA or Chrysler Capital

Best for comparing multiple lenders: MaxCarLoan

MaxCarLoan is a connection service designed to help borrowers with less-than-perfect credit compare multiple lenders at once. Rates range from 15% to 25% for residents of all 50 states.

There are a couple of drawbacks, however. If you’re connected with a dealership, you may only be able to buy a car it has on the lot at the time you apply. And it doesn’t offer refinancing or used car loans for private party sales.

  • Loan amount: Varies
  • APR: 15% to 25%
  • Terms: Varies
  • Eligibility requirements: Regular source of income, US citizen or permanent resident, ages 18+

Best for refinancing: Autopay

Autopay specializes in connecting borrowers with lenders that offer everything from traditional and cash-back refinancing to new car loans to lease buyouts. How much you have left on your loan, the market value of your vehicle and your finances will all play a role in the application process. Though you can apply with a coapplicant to increase your chances of approval.

  • Loan amount: $2,500 to $100,000
  • APR: 1.99% to 10%
  • Terms: Varies
  • Eligibility requirements: US citizen or permanent resident, 18+ years old

Does SpringboardAuto offer similar loans?

SpringboardAuto doesn’t currently offer other loans. While Oportun offers installment loans between $300 and $8,000, that may not be enough to buy a car.

Compare more car loan loan providers

Data indicated here is updated regularly
Name Product Filter Values Minimum credit score APR Loan term Requirements
Carvana
No minimum credit score
3.9% to 27.9%
Varies
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.
car.Loan.com Car Loans
300
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
300
Varies
Varies
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
500
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
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Compare up to 4 providers

Bottom line

If you’re still interested in a car loan from SpringboardAuto, check back frequently to see if it updated its website and revamped its loan program. Until then, you can compare your other car loan options to find the best deal available to you.

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