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 Loans is offered in 49 states (and Washington, DC).

How much can you borrow via Wells Fargo Auto Loans?

Wells Fargo Auto Loans auto loan amounts start at $5,000 and go up to $300,000.

What APR does Wells Fargo Auto Loans offer on its auto loans?

Wells Fargo Auto Loans offers a fixed APR auto loan product that ranges from 3.12% 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 loan term you can get with Wells Fargo Auto Loans?

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

Does Wells Fargo Auto Loans charge an origination fee?

Yes, Wells Fargo Auto Loans may charge a loan origination fee.

Does Wells Fargo Auto Loans charge a late fee?

Yes, Wells Fargo Auto Loans charges borrowers with a late payment penatly fee

Does Wells Fargo Auto Loans charge prepayment fees?

No, Wells Fargo Auto Loans will not charge you a fee for paying your loan early. Whenever possible choose lenders like Wells Fargo Auto Loans 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 Wells Fargo Auto Loans loan?

Yes, you can. Wells Fargo Auto Loans does not charge a prepayment fee, so you can save money by paying your auto 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 are 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. Wells Fargo Auto Loans only considers borrowers who are employed.

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 and their covered dependents are eligible to apply for a loan via Wells Fargo Auto Loans. Their rates fall within the limits of The Military Lending Act.

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

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

What is the estimated funding time for an auto loan via Wells Fargo Auto Loans?