Wells Fargo Offering Auto Loans

Wells Fargo is often known for their mortgages, and many say that they do not think of them when it comes to something like auto loans. However, the company wants to be very clear that they do offer auto loans and they think they offer them at a pretty good rate. They say that their auto loan rates are quite competitive when compared to other companies.

They say that they offer both regular financing for new auto loans as well as used auto loans. They also offer refinancing of existing auto loans and say that they offer significant deals when it comes to them. They are offering an APR of 6.54% for all auto loans for new cars that are 12 months to 36 months in length. They are offering 6.84% on car loans that are 48 to 60 months in length. They are also offering 7.39% APR for those auto loans that are at 72 months.

As usual, auto loans for used cars are a bit higher. They are offering 6.79% on their 12 to 3 month car loans; 7.09% on 48 to 60 month car loans, and 7.90% on 72 month car loans. They say that they are offering auto loans for both those cars that were purchased from dealers and those that came from individuals.

Ultimately they say that the rate that you get for your auto loan will depend on the type of credit that you have. The rates that they are listing above are those with excellent credit, so those that have less than perfect credit will assuredly see an increase in their auto loan rate.

 

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