How do I…
Auto Loan Refinance Rates
Why find out what kind of auto refinance rates I qualify for?
There are many reasons to learn more about refinancing your car and what different auto refinance rates could do for you. In fact, you can find out how different auto refinance rates could affect your monthly payment with our auto refinance calculator.
Take advantage of these benefits when you refinance your auto loan with us.
- Low monthly auto loan payments
- Competitive auto loan refinance rates
- Extra cash to consolidate bills or pay for other expenses2
- New auto loan terms to suit your needs„whether you want to pay it off sooner or would like lower monthly payments
- Auto refinance loan terms from 12–72 months
- Auto refinance rate discounts for Wells Fargo customers3
- Fast credit decision–within minutes
Auto Loan Annual Percentage Rates Begin At:1
|Auto Loan Refinance||4.12%|
|New Auto Purchase (Dealer)||2.99%|
|Used Auto Purchase (Dealer)||4.39%|
|Used Auto Purchase (Private Party)||5.73%|
When shopping for auto refinancing, not all borrowers will qualify for the same auto refinance rates. That’s because one of the biggest influences on a refinance car loan rate is the borrower’s credit rating.
In general, the better the credit score, the lower the auto refinance rates. The age of the vehicle, mileage and loan-to-value (LTV) ratio also help determine the auto refinance rates. For example, a newer car with a lower LTV and fewer miles usually has lower auto loan refinance rates than an older one with more miles and a higher LTV.
Auto refinance finance charges: The longer your loan term, the more interest you may pay. This means you might owe more than the car is worth for a longer time (or you might be upside-down on your new auto loan).
1Customers can maximize their chances of obtaining the lowest possible rate by having a qualifying Wells Fargo account relationship entitling you to a discount. Qualifying account relationships must exist at least 30 days prior to application in order to obtain available discounts. Auto loans are not available in Louisiana.
2 Wells Fargo Auto Finance does not make loans for educational purposes. Please call Wells Fargo Education Financial Services at 1-800-658-3567 if any portion of the proceeds is to be used for educational purposes, or to refinance/consolidate any loan you incurred for such purposes.
3 You may be eligible for a rate discount for having a Wells Fargo relationship and deposit account from which your monthly loan payment is deducted. During the life of the loan, if the monthly automated payment from your Wells Fargo deposit account is discontinued for any reason, or you no longer meet the relationship requirements, you will lose the selected discount.