Does Wells Fargo refinance car loans?

I want to refinance my car loan. I currently have a bank account with Wells Fargo. My car loan is with another bank, but I’d like to go through Wells Fargo for my refinancing so I have all of my accounts in one place. But does Wells Fargo even offer refinancing?

Answer
Wells Fargo is one of the largest providers of car loans in the United States, controlling about 6% of the overall car loan market, including new origination car loans and auto loan refinancing.
Customers are attracted to Wells Fargo’s auto refinancing because the company offers some of the most competitive rates. It also has:
  • More than 50 years of auto financing experience
  • Over 5,200 branches nationwide
  • Refinancing and car loan-specific customer support
  • 24-hour access to your account
  • A network with 11,000 car dealerships around the country
Keep in mind that you should only refinance with Wells Fargo if they offer you a better rate than your current loan. In addition, see if your current lender has any prepayment penalties that could offset the savings you would otherwise enjoy by refinancing.
And before settling on Wells Fargo, you should also shop around other lenders to ensure better rates don’t exist elsewhere. Jerry is a great resource for comparing loan options from multiple lenders. Use our refinance calculator and avoid the hassle of searching for lenders yourself. Jerry makes it easy by finding the best lenders at the best rates.
Eric Schad
Answered on Nov 10, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
rating primary
4.7/5 Rating on App Store

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings — it's 100% free