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Regular Contributor
Posts: 188
Registered: ‎03-02-2015
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Springboard Auto Rates/Experiences

I am pre-approved with Springboard auto based on a soft pull. Is the interest rate they show on the pre-approval the same as the final int. rate if you use them to purchase?  Also, I noticed they charge closing cost fee. 

Established Member
Posts: 27
Registered: ‎08-14-2016
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Re: Springboard Auto Rates/Experiences

I recently financed a car with them in June. The terms were the same from the pre approval. Very helpful staff. Only downside is no online payments available.
Frequent Contributor
Posts: 359
Registered: ‎05-04-2017
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Re: Springboard Auto Rates/Experiences

Congrats! I can't speak on the rate being the same but I got pre approved as well. On the phone they stated that the rate would be the same. I think they only comment they made was sometimes if you tend to go borderline on their guidelines on the vehicle you pick, then you're down payment goes up a lot and your rate could as well when closing the loan app.
Starting Score: EQ 606 TU 623 EX 598 - April 17'
Current Score: EQ 650 TU 644 EX 665 - October 17'
Goal Score: EX 750 TU 750 EX 750


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New Contributor
Posts: 80
Registered: ‎08-06-2009
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Re: Springboard Auto Rates/Experiences

I am pre-approved with them for a loan. My credit score is 639 and the rate they are quoting me is  8.69 % with a 3-4k downpayment. The car I am looking is $18k. Their interest rates are just a little bit higher than  Alliant CU. In comparison to Carvana.com they are substantially lower. Carvana is quoting me a 11-12% on a similar score, according to Carvana they use Vantage 3.0.

Starting FICO scores 5/2017--- 580 EQ/ 531 TU/535 EXperian

As of 9/25/17 Curent FICO ----671 EQ/ 605 TU/ 649 Experian
New Contributor
Posts: 80
Registered: ‎08-06-2009
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Re: Springboard Auto Rates/Experiences

If you finance with springboard..Can you add the property taxes to the loan?

Starting FICO scores 5/2017--- 580 EQ/ 531 TU/535 EXperian

As of 9/25/17 Curent FICO ----671 EQ/ 605 TU/ 649 Experian
New Contributor
Posts: 80
Registered: ‎08-06-2009
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Re: Springboard Auto Rates/Experiences

Springboard auto just confirmed that YES they do issue you a check to pay sales tax back to the state when a car is purchased.

Starting FICO scores 5/2017--- 580 EQ/ 531 TU/535 EXperian

As of 9/25/17 Curent FICO ----671 EQ/ 605 TU/ 649 Experian

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