Suntrust Bank was founded in 1985 and is currently located in Washington, D.C. and 11 southeastern states. This bank currently has 1,400 branches and 2,160 ATM’s in operating states. Suntrust Bank offers loans, credit cards, deposits and investment services.
Types of Auto Loans
Customers can obtain automobile loans through Suntrust Bank in a variety of ways. The types of automobile loans they offer include:
- New Vehicle Loans From Dealerships
- Used Vehicle Loans From Dealerships
- Automobile Lease Buyout
- Car Loans For Classic Cars
Some features Suntrust offers its customers who are seeking car loans are:
- No Fees
- Same Day Loan Funding
- Beat Any Rate From Another Lender
How To Obtain A Suntrust Auto Loan
Customers can apply for a Suntrust automobile loan online. The loan process requires the customer’s name, social security number, residential information, employment information and date of birth for approval. The online calculator lets customers know exactly how much their payment will be based on the amount financed and the interest rate at approval time. The loan process is easy to navigate and loans can be approved in as little as 15 minutes in most instances.
Suntrust Bank offers customers low interest rates, based on their credit score. Customers may be able to receive the following rates:
- 1.99% APR With New Auto Loans
- 1.99% APR With Used Auto Loans
- 3.04% APR With Lease Buyouts
- 1.99% APR With Classic Car Loans
- 2.24% APR With Auto Loan Refinancing
It is important to note that the above rates are available to highly qualified customers and the actual rate they receive may vary. Suntrust offers loan terms from 24 to 84 months, based on the customer’s credit score, year of the vehicle and price of the car. Customers will receive the lowest interest rates and payments when enrolled in the Auto Pay system.
Suntrust Bank currently has an A+ rating with the Better Business Bureau. In an independent survey conducted by the Better Business Bureau based on customer satisfaction, Suntrust Bank received 3.70 out of 5 stars. This financial institution has established themselves in the southeastern portion of the United States as a trusted lender of automobile loans, as well a variety of other loan services.