wells fargo auto loan rates

Wells Fargo, founded in 1852, is a national bank that serves customers across the United States

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Its suite of products includes personal and business banking, investments and loans. It offers auto financing through its network of over 11,000 dealerships

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It also used to provide auto loans through branches, but now this option is not available.

Pros and cons of Wells Fargo auto loans

Pros Large branch footprint. Wells Fargo boasts over 4,000 banking branches across the U.S.

and doesn't charge extra for making payments at a branch, which is a great plus for drivers who prefer to handle finances in person rather than online.

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No extra fees. Unlike some other lenders, Wells Fargo does not charge any prepayment penalty, origination or application fees.

Cons Unspecified terms. Due to the dealership relationships, rates vary and cannot be determined until meeting with a sales representative at a dealer lot.

No loan prequalification available. Wells Fargo does not offer prequalification, which can help you understand how you can afford to borrow and give you negotiating power.

No loan prequalification available. Wells Fargo does not offer prequalification, which can help you understand how you can afford to borrow and give you negotiating power.

Instead, VA home loans are provided by private lenders, such as banks and mortgage companies.