Auto Loan Credit

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  1. How do I obtain an auto loan through Wells Fargo?
  2. Who may apply for a Wells Fargo auto loan online?
  3. Can I shop like a cash buyer with a Wells Fargo auto loan?
  4. What factors affect my loan interest rates?
  5. How do you rate my credit?
  6. How much can I borrow?
  7. Who will see my loan application?
  8. How secure is my online application?
  9. How soon will I know that my loan has been approved?
  10. What if I am not approved?
  11. How long is my loan approval good for?
  12. If I don't use my approval package, what should I do?
  13. When will I receive my loan package?
  14. What is in my loan package?
  15. How does the auto dealer validate the check?
  16. Where can I use my check?
  17. I want to purchase a vehicle from a private party. Where do I go?
  18. Do I have to use the full loan amount?
  19. Do I need to reapply for a higher loan amount?
  20. Are there any penalties if I prepay my loan?
  21. Can I access my Wells Fargo Auto Finance account online?
  22. Can I make online payments to my Wells Fargo Auto Finance account?
  23. Can I set up automated payments from my checking or savings account for my Wells Fargo auto loan?
  24. What types of vehicles do you finance?
  25. Are there any insurance requirements for an auto loan?

How do I obtain an auto loan through Wells Fargo?
Complete and submit your online loan application and receive a response in as little as 15 seconds. For more details see Step by Step Auto Loan Approval.
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Who may apply for a Wells Fargo auto loan online?
To be eligible for one of our online auto loan products, you must be 18 years or older and reside in the U.S.
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Can I shop like a cash buyer with a Wells Fargo auto loan?
Yes, if your online loan application is approved.
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What factors affect my loan interest rates?
There are several factors affecting the loan interest rate you may receive, primarily:
  • Your personal credit quality based on your history of repaying various debt obligations
  • The depth of your credit history
You can access your personal credit history and credit score through Equifax, the leading consumer credit information company in the U.S. Please remember that Wells Fargo Auto Finance will still need to obtain its own credit report when you submit your loan application.
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How do you rate my credit?
Based on industry standards, credit ratings can fall into four categories: Excellent, Good, Average, and Fair. For more detailed information on these ratings, see Credit Quality.
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How much can I borrow?
Wells Fargo auto loans are offered in amounts between $7,500 and $100,000. The amount of money you are eligible to borrow is based upon your individual credit history and your financial ability to repay your loans.
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Who will see my loan application?
Only our team of loan analysts will see your application. The personal information you give Wells Fargo is stored in our customer database. Your information will never be sold to another company and will only be used by Wells Fargo to offer you special incentives if you choose to receive them.
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How secure is my online application?
The security of your sensitive financial information is vital to Wells Fargo. To ensure the security of your data, we use a sophisticated application security system that uses a symmetric encryption algorithm cipher to move data across the Internet. For more detailed information about security, see our Security Policy.
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How soon will I know that my loan has been approved?
Most auto loan credit applications are reviewed within 15 seconds. If your loan has been approved, you will be notified online and you will receive an email with the loan details and instructions. In some cases, you will receive a message that your loan application requires further analysis by our loan officers. In these cases, we will email you with the results of your application within one business day of your request.

If you have any questions or concerns about the loan application or notification process, please call us toll-free at: 1-877-WFB-AUTO (1-877-932-2886), TDD: Please use relay service. Our Internet Sales Associates are available Monday through Friday, 7 a.m. - 5 p.m. and Saturday 9 a.m. - 1 p.m. Pacific Time.
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What if I am not approved?
We are confident that a large number of our customers will be approved for credit. If for some reason your credit is declined, you will be notified via a combination of online display, email and U.S. mail letter. If your request was declined based upon information in your credit report, the letter will include the credit reporting agency and contact information. You may contact the credit agency directly for a detailed explanation of your credit history and what action you can take.
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How long is my loan approval good for?
After approval, you have 30 days to complete the loan package. If you wish to extend the loan approval period, you will need to contact us. Please call toll-free: 1-877-WFB-AUTO (1-877-932-2886), TDD: Please use relay service. Our Internet Sales Associates are available Monday through Friday, 7 a.m. - 5 p.m. and Saturday 9 a.m. - 1 p.m. Pacific Time.
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If I don't use my approval package, what should I do?
You are under no obligation to use your auto loan package or check. If you decide not to use your loan, please dispose of the documents safely.
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When will I receive my loan package?
If your loan application has been approved, a personalized document package will be sent to you, upon your request, within three business days via UPS.
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What is in my loan package?
Approved auto loan credit applicants will receive a personalized document package containing step-by-step instructions, a check and disclosure information.
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How does the auto dealer validate the check?
The dealer must fax certain documents to the Wells Fargo Auto Loan Center before money is transferred and the check is valid.
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Where can I use my check?
Your check is only valid towards the purchase of a new or used vehicle from any franchised new auto dealer, that is, a dealer selling at least one domestic or import brand.
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I want to purchase a vehicle from a private party. Where do I go?
To learn about or apply for auto financing for private party purchases, click here.
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Do I have to use the full loan amount?
You are not required to use the full loan amount. Use only what you need, as long as the amount of your vehicle purchase is greater than the minimum loan amount and less than or equal to your maximum loan amount.
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Do I need to reapply for a higher loan amount?
You do not need to reapply online. If you want a higher loan amount, simply contact us at 1-877-WFB-AUTO (1-877-932-2886), TDD: Please use relay service. for additional information and instructions. Our Internet Sales Associates are available Monday through Friday, 7 a.m. - 5 p.m. and Saturday 9 a.m. - 1 p.m. Pacific Time.
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Are there any penalties if I prepay my loan?
No, you may payoff part or all of your loan at any time without incurring any penalties.
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Can I access my Wells Fargo Auto Finance account online?
Your auto account is available to view securely through Wells Fargo Online® right now! You can view the status of your account, including principal balances, interest paid, payment due date and amounts, and the detail of your account history. If you already access other Wells Fargo accounts online, but don't see your auto account, sign on now and select  "Add Accounts"  from the Main Menu. If you don't have other Wells Fargo accounts and wish to view your auto account online, feel free to enroll now.
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Can I make online payments to my Wells Fargo Auto Finance account?
Yes, there are three convenient ways to pay your Wells Fargo Auto Finance account online:

1. Pay online using any financial institution checking or savings account
Online Payments is a free service that allows you to make a payment from your checking or savings account at any financial institution to pay most Wells Fargo Auto Finance accounts. This is a free service from Wells Fargo, however, fees may be assessed and billed separately by your financial institution.

2. Pay online using your Wells Fargo checking or savings account
Pay your bill on a recurring or one-time basis with Bill Pay through Wells Fargo Online®. The money comes out of your Wells Fargo checking or savings account and can take up to three days to process.

3. Make a one-time transfer to your auto account from a Wells Fargo checking or savings account
Pay your Wells Fargo auto bill quickly by transferring money from your Wells Fargo checking or savings account to your Wells Fargo Auto Finance account. Just click the  "Transfers"  tab after logging into Wells Fargo Online®.
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Can I set up automated payments from my checking or savings account for my Wells Fargo auto loan?
Yes, should you wish to set up regularly scheduled automated payments (ACH payments) from an existing Wells Fargo checking or savings account (or from an account at another financial institution), please contact us toll free at: 1-800-559-3557 (TDD: Please use relay service).
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What types of vehicles do you finance?
We offer financing for new and used cars, light trucks, SUVs and mini-vans from franchised new auto dealerships only. Untitled vehicles of the current model year, with 6000 miles or less will be considered a new vehicle. Used vehicles are defined as vehicles up to six years old with less than 100,000 miles and from a franchised new auto dealership. Ineligible vehicles include collector cars, taxis, salvaged vehicles, Lemon Law buy-backs, motorcycles and vehicles with more than 100,000 miles.
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Are there any insurance requirements for an auto loan?
Yes, proof of auto insurance is required with our auto loans. Maximum deductibles for comprehensive (including fire & theft) and collision are $1,000. If you need help obtaining auto insurance, Wells Fargo offers a broad range of auto insurance plans to meet your needs. Visit our Auto Insurance group for additional information.

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