
What Is Guaranteed Asset ProtectionĮxampleYour vehicle was in an accident and deemed a total loss. For example, Wells Fargo may not refinance loans for vehicles eight years and older or that have over 100,000 miles on them. Like its used-car loans, Wells Fargo has some restrictions on refinance loans, too.

Companies use credit scores to determine how risky they think lending to you would be. They function as a grade for your borrowing history ranging from 300 to 850, and include your borrowing, applications, repayment, and mix of credit types on your credit report. You will find plenty of 4- and 5-star Wells Fargo Auto Loan reviews at several other review sites as well.ĭon’t Miss: What Is The Current Sba Loan Interest Rate The Higher Your Credit Score The Less It Will Cost To BorrowĪre a numerical representation of your credit history. They have very few complaints for a big bank. The Better Business Bureau currently gives Wells Fargo Auto Loan a B. You can discover what actual customers are saying about them before you choose to do business with them.

One of the best ways to find a great auto loan lender is by reading third-party reviews. And if you choose to refinance, get quotes from several lenders, check the disclosure statements and compare them before deciding. Your car is worth more than you owe: If you owe less than your car is worth, you may be able to secure lower interest rates.īefore you refinance your auto loan, consider all your options to determine if refinancing is the best move for you.If rates are lower than when you got your existing car loan, it might be time to think about refinancing.

Interest rates drop: Interest rates rise and fall over time.Consider refinancing your auto loan when your credit score has improved to get a lower rate and save money. Your credit score has improved: If you have a bad credit car loan, you may be paying high interest rates on your current loan.
