With over 70 million customers located across the globe, Well Fargo is one of the largest financial institutions in the world. The company has over 8,000 retail branches, each of which is able to provide a number of different financial products to consumers. The company is one of the leading providers of auto loans in the country today.
Consumers that are looking to take out an auto loan from Wells Fargo will find that the bank has competitive rates and fees compared to other banks. Consumers today that have good credit scores in excess of 720 and the income to support the auto loan payment will be able to get the best terms available. Today, the company can provide car loans with interest rates below 3%, which can help to save a consumer hundreds of dollars per year.
Well Fargo also will provide consumers with the option of having an extended repayment term. While auto loans have historically had amortization periods ranging from four to five years, Wells Fargo can provide up to 72 months of low-interest financing. Furthermore, the financing rates are similar for all consumers, regardless of what type of car is purchased.
Consumers that have taken out auto loans from Wells Fargo have typically given the bank and the auto loan process positive reviews. Consumers seem to like the low interest rates and low fee structure that is available to borrowers with great credit scores. Even those that have less than perfect credit histories can still receive a good interest rate that allows for an affordable monthly payment.
Another positive that consumers have mentioned is the fat that Wells Fargo has the ability to approve and execute on the loan closing very quickly. Wells Fargo can accept car loan applications through either a brick and mortar retail store or online. Consumers that apply for a loan will usually be able to receive formal approval for the loan in less than 24 hours and will be able to use the loan proceeds to purchase a car within just a few days.