BB&T Overview

BB&T is a financial services company that has been in business since 1872. The corporation offers banking, lending and insurance solutions. BB&T has over $219 billion in assets and has received high ratings from independent financial institutions: an A+ rating from the BBB, an A- from Standard & Poor’s and an A2 from Moody’s.

BB&T is based in Winston-Salem, North Carolina, and operates over 2,000 financial centers, which are located in the following states and district: Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington D.C. and West Virginia.

How Do BB&T’s Auto Loans Work?

BB&T offers loans for new autos, used autos, refinancing and lease buyouts. With used auto loans, borrowers are eligible for financing whether they purchased a vehicle from an individual or dealer. The term length for BB&T auto loans can vary up to 120 months.

What Are BB&T’s Auto Loans Rates?

BB&T claims to offer competitive rates but doesn’t publish specific numbers besides stating that the maximum rate is 20% (and the given number is not accompanied by any additional clarification such as the value being stated in terms of APR or another measurement).

How Much Money Can I Borrow from BB&T Auto Loans?

BB&T doesn’t publish what specific loan amounts are available. However, the company's online Car Loan Calculator has a maximum input of $100,000.

What Is BB&T’s Application Process Like?

To apply for a BB&T auto loan, you can visit a local branch or contact the company by phone. You will be required to provide some basic information including details about yourself and your vehicle. If you are trying to refinance an existing loan, you will also be required to disclose the specifics of that existing loan. Based on your creditworthiness and needs, BB&T will communicate what loan options and rates are available to you.

How Are BB&T’s Auto Loans Better than Other Auto Loans?

- BB&T offers loans for both new and used autos in addition to offering loans for lease buyouts and refinancing.

- The company operates thousands of local branches so you can meet face to face with a representative.

- BB&T is a Fortune 500 company that has received high ratings from financial institutions like the BBB, Standard & Poor’s and Moody’s.

  • Loan Amount
    Up to $100000
  • Payment Options
    Automatic Payments
  • APR
    2.24% - 20%
  • Max Loan Term (Months)
  • Credit Score Range
    650 - 850
  • Immigration Status Considered
    U.S. Permanent Resident
  • Military Status
    • Active Duty Military and Dependents
    • Non-Military
  • Minimum Age
  • Supported Income Types
  • Verification Documents Required?
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • Institution Type
  • Deferred Payments
  • Funding Time
    1-7 days
  • Credit Bureau Reporting
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0 votes

TERRIBLE experience. Terrible. My auto loan I have been loyally paying on for 2 years was sold to BB&T without my permission. I attempted to have to switched to a company that I trusted... and they dinged my credit score 100 points in the process. They are corrupt. I would go ANYWHERE but to this company. I had nearly perfect credit and they will be hearing from myself and my attorney very soon. DO NOT go through them, whatever you do.

0 votes

When I needed a car for work and was declined multiple times by other lenders, a friend recommended BB&T. They'd used them in the past (when they didn't have credit) and had a good experience. I can honestly say that they were my only option at the time, so I can't complain too much, but now that I am more experienced and am building credit, I may research other options. I feel like their interest is a little high, but that's the trade off you make when you don't have ... credit. More Less

0 votes

I recently refinanced my personal vehicle with BB&T and enjoyed the process so much that now my husband is thinking about refinancing his vehicle as well. The process was so simple and pain free. In the end, I got the offer I wanted in regards to a lower interest rate and lower monthly payment. It has been such a great experience working with the people of BB&T. We'd recommend them if you are looking to refinance.

0 votes

BB&T offers great service, especially from a car lender! They have been communicating with me openly through the entire process, which is a change considering I've had such bad experiences with lenders in the past. Every time they did something, I was informed. Every time I called, they answered my questions diligently. I couldn't be happier with them. I feel like they are completely transparent which is great!

0 votes

BB&T Auto Loans is decent if you are working on building up your credit score. I got my first car loan through them after being declined by various other lenders (which hurt my score more). I didn't have enough of a history to get a loan anywhere else. I'd recommend BB&T Auto Loans because they work with you if you don't have the best credit, but if you are established and everything is good, I think you can find better rates elsewhere.

0 votes

I think it's great that BB&T gives people without any credit decent rates on their auto loan. I spoke with a few other car loan companies and they pretty much told me that since I had no credit, they couldn't do anything for me. Not only did BB&T give me a car loan, they also gave me a decent interest rate. I can't really complain because they were my only option and after a few months, I am still happy with my decision.

0 votes

For a lender who gives car loans to people with lower credit, BB&T is an okay company. They gave me a loan when no one else would, but they do have their downfalls. Their website crashes often when I am not it, which is a little frustrating. Also, their customer service is okay. Not horrible, but nothing to write home about. All in all, they were a pretty good experience but in the future I will probably try another company if my credit score is high enough.

0 votes

The customer service this place has is okay.. I can't complain too much because I've only had to deal with them a few times. Actually getting the car loan was a breeze. They were a pleasure to work with and everything was done promptly and efficiently. But calling back to customer service, I've noticed that I generally get someone who does not seem to care about me. I'm a paying customer, they should care about me. Nevertheless, they are a pretty good lender.

0 votes

I would definitely recommend paying off your BB&T auto loan as soon as you possibly can. This rings true for all interest-gaining loans you take out, but BB&T seems to have a little higher interest rates than I've seen other places. They are a fantastic option for those who have yet to get any credit, or are in dire straights when it comes to their score, but once you are in good standing, you should definitely research your options.

0 votes

I'd say my experience with BB&T is okay at best. They offer pretty good loans to you, especially if you have okay credit. I've been declined for having only okay credit in the past, so the fact that they will lend to me without issue is definitely a plus. That being said, the service you will receive is also okay. I would prefer them to be more professional and polite, and possibly even act like that actually care about their paying customers.

0 votes

I absolutely hate when companies charge "convenience fees" when you make a payment. They're getting my money anyway, right? Why tack on ANOTHER fee? I wanted to pay over the phone but they told me there was a "convenience fee" for it. How inconvenient! I think it's silly. Other than that, this company is pretty good. They offer good loans at good rates and cater to those with low credit (like me). I guess I'd recommend them if you can get over all the fees they charge to pay your ... bill. More Less

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