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Wells Fargo & Co. began in 1852, when Henry Wells and William Fargo founded the company to serve the people of the American West. For this reason, the company’s logo featured a six-horse stagecoach carrying gold and the logo remains the symbol of Wells Fargo today. The home of this company began in San Francisco and soon branched out to other cities across the United States. As time went on, Wells Fargo proved to be a trusted asset for its customers and is still one of the most well respected banks in the United States today.

Types Of Auto Loans

Wells Fargo offers automobile loans and vehicle refinancing to its customers. Buyers who want to finance a new vehicle have the following options:

  • New Car Loans
  • Used Car Loans
  • Lease Buyouts
  • Private Party Auto Loans

This bank has been helping its customers obtain new car loans for over 65 years. Some of the benefits customers can enjoy when using this bank for automobile financing include:

  • Fast Decisions
  • Competitive Interest Rates
  • Same Day Funding In Certain Instances

Wells Fargo also offers vehicle refinancing options for its customers who already own their own car. In many instances, customers can lower their monthly payments significantly by refinancing. Some benefits customers may enjoy by refinancing include:

  • Relationship Discounts
  • 15 Minute Credit Decisions For Many Customers
  • Competitive Interest Rates

How To Pre-Qualify

Customers can pre-qualify online at Wellsfargo.com. In order to pre-qualify, customers must enter their employment details, income information, social security number and residential information. In most cases, Wells Fargo closes loans within 24 hours after submission, but can take longer in certain cases.

Wells Fargo’s Interest Rates

People who obtain an auto loan with Wells Fargo may be able to borrow money for up to 72 months and may be able to obtain rates starting at:

  • 3.12% For New Vehicles From Dealerships
  • 4.08% For Refinancing
  • 3.63% For Used Dealership Vehicles
  • 3.63% For Lease Buyouts
  • 6.49% For Private Party Purchases

Customers can also use Wells Fargo’s online payment calculator to determine the amount of payments for new or refinanced vehicles. Wells Fargo is considered to be one of the Big Four Banks and currently serves over 70 million customers all over the world.