Wells Fargo Auto Loans

Wells Fargo provides auto loans for both new and used vehicles, offering rate discounts for current customers and same-day approval.

Last checked on June 13, 2026. We may earn a commission when you click through.

Wells Fargo Auto Loans are a solid option for existing customers looking for lower rates, but new borrowers may face higher APRs.

✓ Same-day approval ✓ Discounts for existing customers ✓ Loans available for new and used vehicles

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Wells Fargo Auto Loans

Updated 2 days ago

At a Glance

Representative APR

5.49–19.99%

Loan Amount

$5,000–$100,000

Term

12–72 mo

Decision

Same day

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Eligibility Requirements

US resident

Aged 18+

Good credit

About this loan

Wells Fargo provides auto loans for both new and used vehicles, offering rate discounts for current customers and same-day approval.

Our Verdict

Wells Fargo Auto Loans are a solid option for existing customers looking for lower rates, but new borrowers may face higher APRs.

Best For

These loans are best for borrowers with good credit who want quick access to funds for purchasing a vehicle.

Watch Out

Be aware that interest rates range from 5.49% to 19.99%, which can be steep for those with less-than-perfect credit.

What Customers Say

Customer feedback is mixed, with praise for quick approvals but some frustration over customer service.

Expert Analysis

If you're in the market for an auto loan, Wells Fargo offers competitive rates starting at 5.49% APR. Existing customers can benefit from additional rate discounts, making these loans a viable option for those already banking with Wells Fargo. Approval can happen on the same day, which is a significant plus for buyers needing immediate funding.

However, the maximum APR can reach 19.99%, which could put a strain on borrowers with lower credit scores. Unlike some competitors, Wells Fargo's minimum loan amount is $5,000, which may not suit all buyers—especially those seeking less expensive vehicles.

Customer service experiences can vary, and while many borrowers praise the quick approval process, others have reported challenges with communication. For those who prioritize user-friendly mobile apps, Wells Fargo's digital experience might not be as intuitive as competitors like Capital One or Chase, which offer streamlined mobile features.

Overall, Wells Fargo Auto Loans are recommended for individuals with good credit and existing relationships with the bank. Those with lower credit scores or who haven't banked with Wells Fargo may want to explore alternatives before committing.

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Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.