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 available in 50 states (and Washington, DC).

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 penatly 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. 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.

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

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 a car loan via Wells Fargo auto refinance?

Wells Fargo auto refinance will typically approve (or deny) a car loan application within 24 hours and fund the car loan within 7 business days of approval.