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.