Auto Loans
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Last Updated: 04/18/2025
SuperMoney User Recommendation Score -75
Strongly not recommended16 total votes
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Highlights
Community Rating
Strongly not recommended
Amount Range
N/A
APR (Fixed APR)
3.88% - 19.51%(Verified 06/21/2024)
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Credit Score Range
650 - 850
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Loan Term (Months)
Up to 72
Number of Reviews
Wells Fargo Auto Loans Review
Wells Fargo Auto Loans is offered by Wells Fargo Bank, a bank founded in 1852 and based in San Francisco, CA. Wells Fargo auto refinance are available in 50 states and Washington, DC.
Wells Fargo auto refinance FAQ
What APR does Wells Fargo auto refinance offer on its car loans?
Wells Fargo auto refinance offers a fixed apr car loan product that ranges from 3.88% APR up to 19.51% 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 Wells Fargo auto refinance?
Wells Fargo auto refinance 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 Wells Fargo auto refinance charge an origination fee?
Yes, Wells Fargo auto refinance may charge a loan origination fee .
Does Wells Fargo auto refinance charge a late fee?
Yes, Wells Fargo auto refinance charges borrowers with a late payment penalty fee
Does Wells Fargo auto refinance charge prepayment fees?
Yes, Wells Fargo auto refinance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my Wells Fargo auto refinance loan?
Yes, you can. However, Wells Fargo auto refinance charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.
What do you need to qualify for Wells Fargo Auto Loans?
Applicants with a credit score of at least 650 and up to 850 may be eligible for Wells Fargo Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Wells Fargo Auto Loans does not have or does not disclose a minimum annual income eligibility requirement.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via Wells Fargo auto refinance?
Wells Fargo auto refinance will typically fund the car loan within 7 business days of approval.Does Wells Fargo Bank perform a hard credit pull?
Yes, Wells Fargo auto refinance performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is Wells Fargo Bank a legit company?
Wells Fargo Bank was founded in 1852, it is a well-established company that has been in business for 174 years. Wells Fargo Auto Loans is strongly not recommended by SuperMoney community users.
Wells Fargo Auto Loans Disclosure: "Customers who qualified for our lowest APRs have an excellent credit history and a loan amount that’s greater than $22,000 and less than 85% of the car’s value. The APR includes a relationship discount of 0.25%."
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 Wells Fargo auto refinance
Message from our editor
What we love about Wells Fargo Auto Loans
Wells Fargo offers flexible auto loans, giving you the option to buy a new or used car from a dealer or in a private transaction. This lack of restrictions makes it very easy for you to shop around to find the best deal on a car. Keep in mind that if you make a private transaction, you have to finalize the loan in-branch.
The bank’s loans are also flexible. You can choose a term up to 72 months and may not need to provide any down payment to secure the loan. Wells Fargo banking customers can also enjoy an interest rate discount that will save them money over the life of their loan.
What could Wells Fargo Auto Loans do better?
Wells Fargo has had some controversy in the past, including a situation where many people had accounts opened without their consent. This has given the company a reputation for poor customer service and left some consumers wary about dealing with the company.
The auto loans themselves are relatively good, giving borrowers lots of options to customize their loans, but these past controversies are something that Wells Fargo has to work to overcome.
Wells Fargo Auto Loans’s backstory
Wells Fargo is an American financial services company that operates globally. It is headquartered in Manhattan and is one of the largest banks in the world. It offers many financial services to its customers including banking, investing, wealth management, and lending.
The Verdict
Wells Fargo’s auto loans are easy to apply for and can be used to purchase almost any type of vehicle. If you’re a Wells Fargo customer already, you can get some perks like an interest rate discount but even people who don’t already bank with Wells Fargo could get a good deal from the bank.
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All Day
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -75, or 1.5 on a 5-point rating scale.
-75
-1000+100
No one recommends
Everyone recommends
Wells Fargo Auto Loans Community Reviews
Would you recommend Wells Fargo Auto Loans to your friends?
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Anonymous
Feb 22, 2024
May or may not recommend
My wife and I have an auto loan with Wells Fargo since 2020. In 2023 we refinanced our home and wanted to pay our vehicle off and contacted WF for a payoff amount and was told we had to pay the full amount of interest and principal for payoff. As if we were making payments monthly for the term of the contract. After a week of fighting with them we ...Show More
Dennis B.
Sep 15, 2022
May or may not recommend
Wells Fargo Dealer Services is responsible for document withholding, they prevented me from registering vehicle in timely manner. There was no alternative, their actions were directly required for me to register my truck. They refused, and stated that is not their policy. 10 months is unacceptable to pay all expenses on a vehicle that I can't use. My business plan of my logistics ...Show More
CM
Carol M.
Oct 27, 2021
May or may not recommend
I was told there was no prepayment penalty, however Wells Fargo took money from my bill pay account but did not apply the funds to the loan for they said I had paid too much . More than three weeks passed with no application of the funds nor were they returned to me . It is approaching a month. I have been forced to contact consumer protection units to ...Show More
RB
Rzon B.
Feb 25, 2021
May or may not recommend
We've all been there, haven't we? When we came to understand that although we see where an establishment is coming from, at the end of the day, we're not happy with the results. I was treated fairly, but when I needed them to be understanding towards my situation, especially during the pandemic, I just didn't feel that what was obvious to me was clear to them. At one point, I ...Show More
SC
S C.
Oct 11, 2020
May or may not recommend
Wells Fargo is difficult to deal with. Like some of the other reviews have stated, they make it nearly impossible to make a payment toward the principal balance. Even after multiple frustrating calls to them, they still couldn’t get it figured out. I wouldn’t recommend using them.
AB
Ashley B.
Aug 16, 2019
May or may not recommend
I purchased a new vehicle in January of 2019. I was approved for financing through WFDS. I have good credit and received a decent interest rate. The online payment service website was easy to set up and navigate. I had no problems making payments. I decided to pay off my loan early to save money in interest. I paid the loan off online on July 29, 2019. WFDS mailed me ...Show More
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Anonymous
Aug 12, 2019
May or may not recommend
Very frustrating to deal with. When you make an extra principal payment you must
Call them every time or they will just leave the payment "hanging" out there instead of posting it to the loan balance. Or they will reduce the amount of your next month's payment instead of applying to loan balance to reduce interest! Absolutely do not recommend.
RT
Robert T.
Apr 7, 2019
May or may not recommend
I recieved a letter from wells Fargo dealer services saying 715.22 payment was returned from our bank. Checked with our bank and payment was never returned and was cleared. Was told by wells Fargo they couldn't find payment. Finally they did. Now wells Fargo dealer services wont fix my credit report back from 90 days late. I was in middle of buying a house already ...Show More
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Anonymous
Dec 24, 2016
May or may not recommend
My college educated daughter purchased a one year old car from a dealer. Wells Fargo financed it. Since the loan documents were "reviewed and explained" by the dealer's rep, she did not study nor would have necessarily understood the terms.
Documents reviewed at signing showed interest at 8-1/2% and the total cost of loan $4,000 over car price. NOT true: WF added a $4,000 loan fee (37%) to the $11,000 ...Show More
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Anonymous
Apr 25, 2015
May or may not recommend
So Wells Fargo tried to lie to me about the fees they were charging. At first they tried to tell me I was being charged late fees, but I had paid on time. THEN they tell me I don't have insurance on file, so they automatically signed my vehicle up for insurance. I already provided my insurance docs, I don't know why they can't process them efficiently!
U
Anonymous
Apr 25, 2015
May or may not recommend
Wells Fargo must be run by a bunch of nuts! I got a car loan with my husband and promptly provided all of the necessary documents. We gave them our insurance information multiple times. For whatever reason, it is a few months after and they are still convinced that we have no provided the insurance info. They are ridiculous!
U
Anonymous
Apr 25, 2015
May or may not recommend
How can Wells Fargo lack so much in attentiveness? I made payments on my car loan with them for half a year, then got a notice saying I had late payments for all those months. I paid on the same date every month. I called and they said that date was after the actual due date. Why did they wait half a year until it was well on my credit ...Show More
U
Anonymous
Apr 25, 2015
May or may not recommend
It's unbelievable that a major bank like Wells Fargo will steep so low to charge you every possible fee they can. I missed one payment and was charged a plethora of fees. I'm already paying a bunch in interest fees on my car loan, you'd think they'd be happy. I'd watch out, they will do everything to make money off you.
U
Anonymous
Apr 23, 2015
May or may not recommend
Why can't you choose the amount you want to pay each month?? You can choose your payment with almost everything else, but not with Wells Fargo. If you pay online, it automates the amount you pay. What happens if you want to pay more? You call and are met with rude customer service reps. No thank you, Wells Fargo. I will be refinancing so I can work with a different ...Show More
U
Anonymous
Apr 23, 2015
May or may not recommend
The customer service here is incredibly rude and condescending. Don't even try to call and get help for anything. I noticed an error on my account and when I called, they stated it was fixed. I called half an hour later to confirm everything was fixed and was transferred to another department that had no idea what I was talking about. They don't have any sort of communication within the ...Show More
Ethan L.
Oct 20, 2014
May or may not recommend
I have had several auto loans through Wells Fargo over the years and they have always been easy and fair to deal with. Their online payment options are easy to use.
Showing 16 of 16 reviews