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Supermoney Review

Auto Finance & Loan

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4.9 364 Reviews

Supermoney Summary

Supermoney auto loans is a company that specializes in auto loans for people with bad credit. The company was founded in 2014 and is based in San Francisco, California. The company offers auto loans to consumers with bad credit through a network of dealerships across the United States. The average loan amount is $15,000 and the interest rate is 17.99%. The company also offers a 24/7 customer service line and a money-back guarantee. Supermoney auto loans has provided auto loans to over 500,000 consumers with bad credit since its inception.

Supermoney offers other finance products such as helping clients lower their monthly car payments with auto refinancing and helping improve credit and approval odds with professional credit repair.

PROS

+ Compare Competing Lenders

+  Loans up to $100K

+ Low Interest Rates Available


CONS

- Not a Direct Lender

- Limited Customer Service

Consumer Reviews

We compile reviews and tesemonials from sources around the web. 

Customer Service

We consider the consuers experience and security above all. 

Trustworthiness

The lenders reputation and track-record for handeling issues and information 

Loan Amount: $8,000–$100,000

APR: Starting at 2.9%

Loan Term: 24 to 84 months

Application Fee: None

Minimum Credit Score: 500


Recommended gross income: $21,600.


Bankruptcy restrictions: must be discharged or dismissed.

Review Score: 
Service Score:
Trust Score: 

4.9


4.7


4.9

Final Score:

4.9/5

APR From: 2.4%
Loan Amount: Starting at $20,000
Recommended Credit Score: 575
MyAuto Loan
APR From: 2.9%
Loan Amount: Up to $100,000
Recommended Credit Score: 500
SuperMoney Auto Loans
APR From: 3.9%
Loan Amount: Up to $40,000
Recommended Credit Score: 400
Auto Credit Express

Supermoney Application Process

Step 1: Prequalification
Visit the Supermoney website and fill out the prequalification form, which typically includes personal information, financial status, and the desired loan amount. Prequalification does not affect your credit score as it usually involves a soft credit pull.

Step 2: Compare Offers
Supermoney will present you with a variety of loan offers based on the information you provided. You can compare APRs, loan terms, and monthly payment options from different lenders. Choose the offer that best suits your needs and budget. Each lender may have different requirements and rates, so ensure you understand the terms before proceeding.

Step 3: Formal Application
After selecting a lender, you'll be redirected to their website to complete a formal application. At this stage, you may be required to provide additional documentation such as proof of income, employment, and identity. The lender will perform a hard credit check, which may impact your credit score. This step is necessary for the lender to make a final loan decision.

Final Approval and Funding
If approved, you'll receive final loan documents outlining the terms and conditions. Review, sign, and return these documents to the lender. Once all paperwork is complete, the loan funds will typically be disbursed either to your bank account or directly to the car seller.

With the loan funds received, you can proceed to purchase your vehicle.

Supermoney Auto loan Reviews

Supermoney has a verified Trustpilot rating of “excellent” with 364 reviews at the time of writing. Supermoney has an average customer score of 4.9 out of 5 Stars. 98% of consumers rate Supermoney 4 stars or higher. Supermoney has an A+ reputation rating from the Better Business Bureau.

Verified Reviews

"Easy to compare..."
The SuperMoney website made it easy for me to compare different companies while deciding who to use for my financial needs. The site is easy to navigate, and the information about each company is very detailed. The reviews available on the website were helpful and I feel I was able to make the best choice because of this information. - Abry H. October 01, 2022

Easy and efficient
I found the experience to be really transparent, easy and efficient. I contacted their customer service with questions and both times I was impressed with the level of service I received. I appreciated the range of offers and the easy to decipher numbers that came with each loan.- Maria August 03, 2022

"Easy & Quick Service"
I wanted to start consolidating debt. SuperMoney offered several companies who could help meet my need. Very helpful, needed service for those consolidating high interest credit cards. Great follow up on how' you are doing in process. - Kim A. July 17, 2022

Our Recommendations for Auto Loans


 

Consumers Credit Union- Visit Site.

Auto Credit Express is one of the leading auto finance companies in the country. Working with a network of over 1,000 dealerships across the country to help people with bad credit get financing for their new car. We understand that bad things happen to good people and we are here to help you get back on the road to financial recovery. Our process is simple and easy. Just fill out our online application and we will match you with a dealership in your area that can work with you to get you the financing you need. We have a 97% approval rating and we are committed to helping you get into the car of your dreams. So don't wait any longer, apply today! - Read Full Review. 

 

Get Approved as Low as 6.4% | Start Now >
 

MyAutoloan - Visit Site.


For those seeking a variety of auto loan options, MyAutoLoan is a compelling choice. This platform acts as an intermediary that connects borrowers with multiple lenders, allowing you to compare real-time rates and terms from the comfort of your home. MyAutoLoan offers loans for new and used cars, private party purchases, and even lease buyouts. The application process is quick, and applicants can receive loan offers within minutes. However, be mindful that it requires a minimum credit score and applicants must meet specific criteria to qualify. Borrowers appreciate the convenience and the ability to shop around for the best rates without having to commit to a single lender immediately.

Get Approved up to $40,000 | Start Now >

SuperMoney Auto Loans - Visit Site.

SuperMoney stands out as a financial comparison platform that provides a comprehensive analysis of various lending products, including auto loans. It offers a user-friendly experience where you can compare different lenders based on loan terms, rates, and user reviews. SuperMoney isn't a lender itself but provides a valuable service for those who want to make an informed decision. They cater to a wide range of credit scores, making it accessible to a broad spectrum of borrowers. However, since you're dealing with potential multiple lenders, be prepared to navigate through varying qualification requirements. Users have found the educational resources and customer reviews on the platform to be particularly useful.

Get Approved up to $100,000 | Start Now >

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