Tresl Auto Refinance

Tresl Auto Refinance Review

Tresl refinance is an auto loan refinance offering by Innovative Funding Services, based in Cedar Park, TX. Founded in 2007, Innovative Funding Services offers auto refinance loans in 50 states (and Washington, DC).

Key Takeaways

• APRs starting at 2.49%. The starting rates for Tresl Auto Refinance are on the lower end of the spectrum.
• Lease buyouts. Offers refinancing to buyout an expensive lease or purchase a company car.
• Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 500 are considered for Tresl Auto Refinance.
• Vehicle requirements. Vehicles must have less than 150,000 miles and a maximum age of 10 years.
• Refinancing for large loan amounts. You can refinance auto loans of up to $100,000 with Tresl Auto Refinance.
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the auto refinance loan early.
• No origination fee. Tresl Auto Refinance does not charge an origination fee for processing your loan application.
• Long loan terms. Tresl Auto Refinance offers loan terms of up to 84 months. Most auto refinancing loans have a maximum term of 60 months.
• Minimum income of $18,000. You will need an annual income of at least $18,000 to apply for Tresl Auto Refinance, which is below average for the lenders in our database

Tresl refinance Pros & Cons

Tresl refinance FAQ

How much can you borrow via Tresl refinance?

Auto refinance loan amounts start at $5,000 and go up to $100,000.

What are the auto loan refinancing rates offered through Tresl refinance?

Tresl refinance offers a fixed APR car loan refinancing product that ranges from 2.49% APR up to 23.99% APR. Interest rates vary by state.

Interest rates vary by state.

What is the maximum loan term you can get with Tresl refinance?

Tresl refinance offers auto refinancing with terms ranging from 36 to 84 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 refinancing loan, the more interest you will pay.

Does Tresl refinance charge an origination fee on auto refinance loans?

No, Tresl refinance does not charge a loan origination fee for refinancing a car loan.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount.

Does Tresl refinance charge a late fee?

Yes, auto refinance loans via Tresl refinance are subject to late payment penalty fees.

Does Tresl refinance charge prepayment fees?

Yes, Tresl refinance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment feees can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for Tresl Auto Refinance?

To qualify for auto loan refinancing with Tresl Auto Refinance, applicants need a minimum annual income of $18,000 or higher. Tresl Auto Refinance only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a co-borrower 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 and their covered dependents are eligible to apply for a loan via Tresl Auto Refinance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Tresl Auto Refinance.

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

• Recent pay stubs
• Proof of insurance

What is the maximum mileage to refinance with Innovative Funding Services?

Innovative Funding Services is an option for high-mileage vehicles. They will consider car loan applications for vehicles with up to 150000 miles on the odometer.

What is the maximum car age to refinance with Innovative Funding Services?

Only vehicles that are 10 years old or less can qualify for an auto refinance.