Auto Loans Bank of Truist Reviews 2023
Truist Bank is a large bank with a national presence. It offers a variety of financial products, including auto loans. Truist’s auto loans have competitive rates and terms, and the application process is relatively easy. Auto Loans Bank of Truist Reviews 2023
Here is a sheet table on the article:
| Feature | Truist Bank Auto Loans |
|---|---|
| APR | Starts at 5.82% APR |
| Terms | Up to 84 months |
| Application Process | Easy, online or in-person |
| Customer Service | Good reputation |
| Pros | Competitive rates, flexible terms, easy application process, good customer service |
| Cons | Not available to borrowers with bad credit |
| Overall | Good option for borrowers with good credit |
Rates and Terms
Truist’s auto loan rates start at 5.82% APR. The APR you qualify for will depend on your credit score, the amount of the loan, and the term of the loan. Truist offers loan terms of up to 84 months.
Application Process
The application process for a Truist auto loan is relatively easy. You can apply online or in person at a Truist branch and also need to provide some basic information, such as your name, address, Social Security number, and income. You will also need to provide information about the vehicle you are financing.
Customer Service
Truist Bank has a good reputation for customer service. If you have any questions about your auto loan, you can contact Truist customer service by phone, email, or chat.
Overall Review
Truist Bank’s auto loans are a good option for borrowers with good credit. The rates are competitive, the terms are flexible, and the application process is easy. However, if you have bad credit, you may not qualify for a loan from Truist.
Pros
- Competitive rates
- Flexible terms
- Easy application process
- Good customer service
Cons
- Not available to borrowers with bad credit
Overall
Truist Bank’s auto loans are a good option for borrowers with good credit. The rates are competitive, the terms are flexible, and the application process is easy. However, if you have bad credit, you may not qualify for a loan from Truist.
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Here are some additional things to consider before applying for an auto loan from Truist:
- Compare rates from other lenders before you apply.
- Make sure you understand the terms of the loan, including the APR, the length of the loan, and any prepayment penalties.
- Ask about any discounts or incentives that may be available to you.
If you are considering an auto loan from Truist, be sure to do your research and compare rates from other lenders before you apply.
FAQs:
The minimum credit score required for a Truist auto loan varies depending on the amount of the loan and the term of the loan. However, in general, you will need a credit score of at least 660 to qualify for a loan from Truist.
Truist offers auto loans with terms of up to 84 months. The APR you qualify for will depend on your credit score, the amount of the loan, and the term of the loan.
Some other lenders you should consider include:
1. Bank of America
2. Wells Fargo
3. Capital One
4. Chase
5. US Bank
You can compare auto loan rates by using an online loan calculator or by contacting multiple lenders. When comparing rates, be sure to consider the APR, the length of the loan, and any prepayment penalties.
