We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.
SpringboardAuto car loan alternatives
While it temporarily ended its loan program, these 3 other lenders may be able to help.
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 a variety of car loans no matter your credit score. In fact, it doesn’t have any credit requirements at all — but the lower your score, the higher your interest rate will be. And there are no fees, so you’ll only be paying interest on your loan.
The bad side? Rates aren’t transparent, and some borrowers have complained about not being able to find the car they wanted because of limited dealership supply. So while you can borrow a new or used car loan, or refinance your previous loan, you may be in the dark until you apply for preapproval and receive a quote.
- Loan amount: $5,000 to $75,000
- APR: 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 that helps you compare a variety of lenders at once. Its lenders offer rates between 15% to 25%, so you won’t get stuck paying an arm and a leg for a subprime loan. And since it operates in all 50 states, you may be connected with a lender no matter where you live — provided you meet the lender’s eligibility requirements.
There are a couple downsides, 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 if you were looking to refinance your car loan or buy from a private party, you’re out of luck: MaxCarLoan only works with lenders that offer loans for new and used cars.
- Loan amount: Varies
- APR: 15% to 25%
- Terms: Varies
- Eligibility requirements: Must be US citizen or permanent resident, be at least 18 years old and have a regular source of income.
Best for refinancing: Autopay
Autopay specializes in connecting borrowers with lenders that offer refinancing. You may be eligible for traditional refinancing, cash back refinancing or a loan to pay off your current lease. And if you’re in the market for a new car, Autopay has lenders for that, too. You’ll also be able to apply with a coapplicant to increase your chances of approval, and you can refer a friend to receive $100.
But while Autopay has lenders that offer rates as low as 1.99%, you won’t qualify if you have bad credit. It also handles document fees for you — at a cost. Your car will also have to meet a few requirements, though these vary by lender. The amount you have left on your loan, the market value of your vehicle and your finances will all play a role in the approval process.
- Loan amount: $2,500 to $100,000
- APR: 1.99% to 10%
- Terms: Varies
- Eligibility requirements: No minimum income required
Does SpringboardAuto offer similar loans?
SpringboardAuto doesn’t currently offer other loans. However, Oportun offers installment loans between $300 to $8,000 — but that may not be enough to buy a car. If you need more, it may be best to consider one of the lenders above or the table below for a list of similar options that can cover the costs of a car.
Compare more car loan loan providers
If you’re still interested in SpringboardAuto, check back frequently to see if it updated its website and revamped its loan program. Until then, you can compare more car loan options to find the best lender for you — even if you don’t have the best credit.
Frequently asked questions
Ask an Expert