Advertiser Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

SuperMoney Car Loans

Rachel Morey Rachel Morey Last update:
Est. APR
1.90-35.99%
Max loan
$100,000
Term
12-84

SuperMoney offers a marketplace where borrowers can submit a single application and receive pre-approved offers from multiple lenders when shopping for a car loan. There are 12 auto lenders listed on SuperMoney’s website:

  • Autopay Auto Loan
  • Citizens National Bank of Cheboygan Auto Loans
  • First Bank of Wyoming Vehicle Loan
  • BMW Financial Services
  • Consumers Credit Union Auto Loan
  • Globe Acceptance Automotive Financing
  • Bank of America Auto Loan
  • Credit Acceptance Corporation Auto Loan
  • MEMBERS1st Community Credit Union Seasonal Vehicles
  • Chase Auto Finance
  • Fifth Third Bank Auto Loans
  • Wells Fargo Auto Loans

While you could apply with any of these lenders directly, you can submit a single application with SuperMoney online or through their app. Approval is instant, so you can see your options, choose a loan, and receive funds right away.

 SuperMoney Loan Types and Terms

Loan types Auto purchase, auto refinance, auto lease, auto title loans
Loan amount Up to $100,000
Repayment terms 12-84 Months
APR 1.90 to 35.99%
Minimum credit score 600
Lender type Marketplace
Good for Borrowers investigating their options for a car loan, Fast approval and funding

 

Get my rate

SuperMoney is Good For

  • Easy application through SuperMoney app
  • Fast approval, fast funding directly into a bank account

SuperMoney Pros

  • One application allows borrowers to compare multiple lenders
  • Some lender partners work with poor credit
  • Leasing and refinancing loans are available
  • No application fees
  • Pre-approval with soft pull of credit
  • SmartMoney does not sell personal info

SuperMoney Cons

  • Weak customer service – must submit a request for help through SuperMoney site
  • Borrowers who have less than great credit could pay high-interest rates

Application Process

When you apply for an auto loan or auto loan refinance with SuperMoney, you’ll submit an application that includes your full legal name, address, Social Security number, and date of birth. The SuperMoney application also requires information about the vehicle, including the year, make, model, trim level, and mileage. You can also include the vehicle identification number (VIN) if you wish.

The initial application does not include a hard pull of your credit. Applicants receive an instant list of lenders willing to pre-approve a car loan or loan refinance. You can choose the loan length and amount that best matches your needs from the list to proceed with a more formal application.

Get my rate

Terms & Requirements

SuperMoney is a marketplace that connects borrowers to a network of lenders that are most likely to approve their loan applications. They don’t set interest rates, terms, or fees. Before accepting a loan offer, make sure you understand your interest rate, monthly payment, and the length of the loan. Watch out for origination fees, which may reduce the total amount of the loan funds you receive. Some loans have prepayment penalties, which means you’ll pay a penalty if you decide to pay off the loan early or refinance it with another lender.

Car Loan Requirements

If you decide to pursue approval inside SuperMoney’s network of lenders, you’ll submit a single application. Each lender decides which borrowers they will accept. SuperMoney simply matches borrowers with lenders that have agreed to pre-approve borrowers who meet their criteria.

SuperMoney’s lenders may consider your debt-to-income ratio, information in your credit report about the types of loans you have, your payment history, and balances, your credit score, income, and the type of loan you want.

Each lender has their own requirements, so SuperMoney matches you with lenders that are most likely to offer you the loan your need; a pre-approval isn’t a promise to fund the loan.

Car Loan Terms

Loan terms are based on the applicant’s credit history, credit score, loan amount, income, and the length of the loan. Each loan offer, even though it’s pre-approved, must go through a final approval process from the lender. Before your loan is funded, you must agree to a hard pull of your credit to get final loan approval.

Repayment Terms

SuperMoney lending partners refinance auto loans with interest rates starting at 1.90% APR. Depending on the lender’s requirements, the car’s age, and the borrower’s qualifications, SuperMoney lenders may finance cars for 24 – 60 months.

Privacy & Security

SuperMoney advertises that they don’t “sell your information to the lowest bidder.” They only work with lender partners that they’ve vetted; they may share your information with those lenders, but you won’t receive robocalls from dozens of lenders for months after applying for an auto loan using SuperMoney’s app or loan search engine.

SuperMoney isn’t registered with the Better Business Bureau. Since they match applicants with different loan needs (personal, debt consolidation, auto, etc) it’s difficult to find reviews from SuperMoney users who went on to borrow money from one of the site’s auto lending partners.

There are 253 customer reviews for SuperMoney on Trustpilot, 95% of which rated the company as “Excellent”. Customers reviewing SuperMoney note that fast approval and funding, as well as an easy-to-navigate application process, made their experience positive.

Customer Support

Since SuperMoney is an auto loan lender network, their job is to match you with their lender partners through the pre-approval process. Once you choose a loan and lender, you work with them directly. If you need help with the formal application process or have questions about your loan, you’ll contact the lender directly; not SuperMoney.

SuperMoney’s customer service consists of an online form that you can fill out with your question. The SuperMoney team will answer your question via email.

Final Thoughts

SuperMoney may offer the right service if you aren’t sure what type of auto loan you need, but want to understand your options and how much each choice may cost you. SuperMoney’s service is free, so it’s a good research tool. If you have a credit score of at least 600, it could save you time to use SuperMoney as opposed to contacting individual direct lenders one-at-a-time.

Address

3100 S. Harbor Blvd, Suite 190, Santa Ana, CA, 92704

Get my rate

Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Rachel Morey Rachel Morey
Rachel Morey is a journalist specializing in finance content. She has written for some of the major lenders in the online personal and business finance industry. She has been writing professionally for nearly a decade and has projects in print and broadcasting. A native Iowan, Rachel has a special fondness for the open roads of rural America.
This review is based on the writer's personal opinion.