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Where does Wells Fargo Auto Loans do business?

Wells Fargo Auto Loans is a direct lender based in San Francisco, CA. It was founded in 1852 and offers auto loans in 49 states across the USA (and Washington, DC).

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

Wells Fargo Auto Loans offers auto loans with APRs starting at 3.12% and up to 19.51%. 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 inaccuate information in your credit history with these credit monitoring tools

What is the maximum loan term for a Wells Fargo Auto Loans auto loan?

Wells Fargo Auto Loans offers auto loans with terms of up to 72 months. Lenders that offer longer terms can offer larger loan amounts and lower monthly payments. However, remember that the longer the term of your loan, the more interest you will pay. 

Does Wells Fargo Auto Loans charge an origination fee?

Yes, Wells Fargo Auto Loans charges 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 penalties?

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

What is Wells Fargo Auto Loans’s eligibility criteria?

Wells Fargo Auto Loans requires borrowers to have a credit score of at least 650 to apply.

To qualify, applicants must provide the following documentation:

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

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

Wells Fargo Auto Loans will typically approve (or deny) a loan application within 24 hours and fund auto loans within 1 and 7 days of approval

  • Loan Amount
    $5000 - $300000
  • Payment Options
    • Automatic Payments
    • Check by mail
  • APR
    3.12% - 19.51%
  • Max Loan Term (Months)
    72
  • Credit Score Range
    650 - 850
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Co-signer
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
    18
  • Supported Income Types
  • Verification Documents Required?
    • Recent bank statements
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Institution Type
    • Bank
    • Direct Lender
  • Approval Speed (Hours)
    24
  • Deferred Payments
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Credit Bureau Reporting
"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%."
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