Innovative Funding Services 805

Innovative Funding Services (IFS), based in Austin, Texas, was founded in 2007 as an automotive loan services company matching consumers with a full spectrum of credible finance sources. They specialize in auto refinancing, auto lease purchases, company car purchases, and more.

They are licensed as a registered lender with the Texas Office of Consumer Credit Commissioner, and all our lending partners are FDIC-insured financial institutions. Additionally, they are licensed in most states and are a member of the Better Business Bureau.

Innovative Funding Services (IFS) provides loans for people who want to refinance their current car loan or buy their leased car or company vehicle. The Austin, Texas-based company also provides expert registry service and sells protection plans such as GAP insurance, maintenance contracts and tire and wheel warranties. Chief Operating Officer Rob McKie says IFS was established to simplify the lending and document-handling process involved in vehicle sales and transfers.

Many people with car loans could actually find a better one, McKie says. This may be because they’ve improved their credit or their current loan carries a higher rate than they could have qualified for. In as few as 60 days, their credit could improve to a point that they can get a better interest rate by refinancing, McKie adds. Such applicants could save money and reduce their monthly payment. IFS is a direct lender and also works with other lenders to provide interest rates of 1.89% to 23.99%, with an average of 4.5%.

IFS also specializes in providing loans to buy a vehicle at the end of a lease or to purchase a company car. This can be a complicated process involving confusing paperwork to get the car titled and registered in the buyer’s name. IFS will complete the needed paperwork, saving you a trip to the department of motor vehicles office.

Innovative Funding Services

9.1

Overall

8.8/10

Reputation & Support

9.7/10

Qualification

9.8/10

Pricing & Fees

8.1/10

Services

9.2/10

Pros

  • Bad Credit OK
  • Fast Payout
  • Is available in all 50 states
  • Allows co-signers
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