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  Citizens One Auto Finance

Citizens One Auto Finance

in Auto Loans from Citizens Bank

Unaffiliated

Citizens One Auto Finance

Unaffiliated

in Auto Loans from Citizens Bank

SuperMoney Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly not recommended

0 users recommend
0 users are unsure
16 users don't recommend
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Highlights
Community Rating Strongly not recommended
Credit Score Range 640 - 800
Loan Amount $5,000 - $50,000
APR  (Fixed APR) 6.52% - 15.28%
Loan Term (Months) Up to 72 months
Number of Reviews 16

Citizens One Auto Finance Review

Citizens One Auto Finance is offered by Citizens Bank, a bank founded in 1828 and based in Providence, RI. Citizens One Auto Finance is available in 47 states across the USA.

Citizens One Auto finance FAQ

How much can you borrow via Citizens One Auto finance?

Citizens One Auto finance loan amounts start at $5,000 and go up to $50,000.

What APR does Citizens One Auto finance offer on its car loans?

Citizens One Auto finance offers a fixed apr car loan product that ranges from 6.52% APR up to 15.28% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Citizens One Auto finance?

Citizens One Auto finance has car loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does Citizens One Auto finance charge an origination fee?

Yes, Citizens One Auto finance may charge a loan origination fee.

Does Citizens One Auto finance charge a late fee?

Yes, Citizens One Auto finance charges borrowers with a late payment penatly fee

Does Citizens One Auto finance charge prepayment fees?

No, Citizens One Auto finance will not charge you a fee for paying your loan early. Whenever possible choose lenders like Citizens One Auto finance that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Citizens One Auto finance loan?

Yes, you can. Citizens One Auto finance does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Citizens One Auto Finance?

Applicants with a credit score of at least 640 and up to 800 may be eligible for Citizens One Auto Finance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Citizens One Auto Finance does not have or does not disclose a minimum annual income eligibility requirement. Citizens One Auto Finance only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members are eligible to apply for a loan via Citizens One Auto Finance. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Citizens One Auto finance?

Citizens One Auto finance will typically approve (or deny) a car loan application within 1 hour and fund the car loan within 7 business days of approval.

Does Citizens One Auto Finance report your account activity to credit bureaus?

Yes, Citizens One Auto Finance reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Citizens One Auto Finance

Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities.

Citizens One Auto Finance Partners with dealerships from coast to coast by offering financing on new and used cars and trucks. With over 30 years of experience, Citizens One Auto Finance has the expertise and superior service that make us an industry leader in automotive financing.

Message From Our Editor

What we love about Citizens One Auto Loan

Citizens One Auto Loan works with car dealerships to offer financing to people who want to buy cars. It offers flexible loan terms, letting you take up to 84 months to repay your auto loan. You can finance both new and used vehicles and Citizens One’s minimum credit score is lower than many other large lenders’ requirements.

Citizens One is also widely available. The lender operates in more than forty states and works with more than 6,700 dealerships.

What could Citizens One Auto Loan do better?

One drawback of Citizens One is that it primarily does financing through dealerships. To get a loan offer, you’ll have to visit a dealership in-person and apply for financing there. That means you can’t get a loan offer before you go out, which can help you know what you can afford and give you a stronger position to negotiate.

Citizens One also doesn’t offer refinancing. It’s only for the purchase of new and eligible used vehicles.

Finally, Citizens One doesn’t have the best IT systems out of major car lenders. Setting up an account and managing your loan online can be a hassle, which is the last thing you want when you’re trying to make sure you pay your bills on time.

Citizens One Auto Loan’s backstory

Citizens One is the financing arm of Citizens Financial Group, one of the larger banks in the Northeastern United States. It offers auto loans, personal loans, student loans, mortgages, and credit cards to consumers.

The Verdict

Citizens One’s auto loans are the type of loans that you generally seek out. More frequently, you wind up working with Citizens One when you apply for financing at a dealership. This isn’t necessarily a bad thing as you may get a good deal or a discount from the dealer. Still, it’s in your best interest to shop around for loans before going to the dealer’s lot and to keep Citizens One loans in mind as one of your options while you shop.

Contact

Other Services by Citizens Bank

Availability

  Available in 47 states
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • West Virginia
  • Wyoming

Feature Breakdown

Application Fee $0
No Prepayment Fee
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
Credit Score Range 640 - 800
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 7 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
Loan Amount $5,000 - $50,000
APR (Fixed APR) 6.52% - 15.28%
Loan Term Up to 72 months

Citizens One Auto Finance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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