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SuperMoney allows borrowers in all 50 states to compare car loan, lease buyout and refinancing offers from multiple lenders at once. While it has relatively easy credit requirements, it’s not the most user-friendly website out there.
Varies by lender
APR
APR | Varies by lender |
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Interest Rate Type | Fixed |
Requirements | Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old |
Because SuperMoney works with a wide range of lenders, you’ll only need to meet a few requirements to qualify:
SuperMoney is a connection service that works directly with lenders to cover borrowers from a variety of credit backgrounds. Its simple form allows you to see what loan options you may qualify for, and it won’t impact your credit until you complete a full application on the lender’s website.
SuperMoney isn’t a lender and won’t finance your car loan. However, its partner lenders offer a variety of auto loan options, including new and used car loans as well as lease buyouts. You may be able to borrow up to $100,000 with APRs ranging from 1.99% to 36% — though larger amounts and lower rates are likely reserved for well-qualified borrowers financing a new purchase.
SuperMoney also works with lenders that offer car loan refinancing. To qualify, your car needs to meet the following criteria:
Just like with its auto loans, SuperMoney allows you to compare refinancing offers to see what rates and terms you might qualify for. If you find an offer you like, you’ll be redirected to the lender’s website to complete a full application. If approved, the lender will use your loan funds to pay off your previous car loan.
There are a few benefits to using SuperMoney to compare your car loan options:
No connection service is perfect. Before you fill out SuperMoney’s online form, consider these drawbacks:
BBB accredited | No |
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BBB rating | Not rated |
BBB customer reviews | |
Trustpilot Score | 4.8 out of 5 stars, based on 111 customer reviews |
Customer reviews verified as of | 19 October 2020 |
SuperMoney doesn’t have a Better Business Bureau (BBB) page, and its Trustpilot page has just over 100 reviews. However, those reviews are almost wholly positive, earning SuperMoney a TrustScore of 4.8 out of 5.
Most customers were happy with how fast they were able to compare lenders in SuperMoney’s network — but not all. One recent reviewer reports they weren’t connected with a legitimate recommendation after providing sensitives details including their Social Security number.
If you’re ready to compare your auto loan options, follow these steps:
Once you’ve finished filling out its form, read SuperMoney’s terms and conditions then submit your application. You may have to sign up for an account to view your loan offers. Review your options, and if any appeal to you, SuperMoney will direct you to the lender’s website so you can complete the online application.
While you won’t need anything specific to fill out SuperMoney’s prequalification form, you’ll likely need the following information when you apply with a lender:
Compare your loan offers and pick the one that’s best suited for you. From there, SuperMoney will redirect you to the lender’s website so you can finish your application. Your chosen lender will let you know about next steps and any information you need to provide.
If you’re approved and haven’t selected a car, you may have up to 30 days to pick the vehicle you want and finalize the purchase. If you already have a car in mind, you can use your loan funds to pay for it.
Your lender will tell you what you need to finalize your purchase and how to set up repayments.
SuperMoney makes it easy to compare real-time car loan offers from multiple lenders. But its website is sparse and there aren’t many online reviews out there to know exactly what you’re getting into.
Rather not use a connection service? Compare direct car loan providers instead.