Truist Auto Financing: Find Out How to Get Your Car

06/30/2025 • Yago Dias • Loans

Purchasing a car is a significant milestone for many individuals, but finding the perfect financing option can be challenging.

Truist Auto Financing offers a comprehensive solution for those looking to purchase a new or used vehicle or refinance existing loans.

With competitive interest rates and flexible terms, Truist has positioned itself as a leading choice in the auto financing industry.

Truist Auto Financing operates prominently across 17 states and Washington D.C., providing tailored financial solutions to meet the diverse needs of its customers.

While the geographical coverage is somewhat limited, the bank compensates through excellent customer support and innovative features that make the process seamless and efficient.

Competitive interest rates starting at 5.15% APR.
Flexible loan terms up to 84 months.
Quick approval and same-day funding available.
30-day rate lock guarantee.
Low minimum loan amount of $3,500.
Financial hardship assistance programs.

Lets explore the numerous benefits and essential guidelines for leveraging Truist Auto Financing to get on the road with ease.

Benefits of Truist Auto Financing

Truist Auto Financing is packed with various benefits designed to cater to a broad range of financial needs and preferences.

Here are the standout features that make it particularly attractive:

Competitive Interest Rates

Starting as low as 5.15% APR for qualified borrowers, Truist offers rates that rival some of the best in the market.

Quick Approval Process

The approval process is designed to be swift, with the potential for same-day funding, ensuring that you can access your funds quickly.

Flexible Payment Terms

With terms available up to 84 months, borrowers can choose a loan duration that aligns perfectly with their financial situation.

Rate Lock Guarantee

Secure your interest rate for 30 days post-approval, enabling thoughtful decision-making and comparison shopping without the pressure of changing rates.

Low Minimum Loan Amount

With a minimum loan amount of $3,500, it's more accessible than many competitors who require higher minimums.

Financial Hardship Assistance

Truist offers provision for financial hardship, providing payment relief options to help borrowers in unexpected situations.

Who Should Consider Truist Auto Financing?

Truist Auto Financing might be an ideal choice for various types of borrowers.

Below is an outline of who could benefit most from this service:

Residents within the 17 states and Washington D.C. where Truist operates.
Individuals seeking competitive interest rates and flexible loan terms.
Borrowers with strong credit ratings who can qualify for the best terms.
People looking for financial products with added customer service options like hardship assistance.

If you find yourself within this group, Truist Auto Financing could be the perfect solution for your car financing needs.

Pros and Cons of Truist Auto Financing

Like any financial product, Truist Auto Financing has its strengths and weaknesses.

We’ve outlined the prominent pros and cons to help you make an informed decision.

Pros

Competitive Rates
Truist offers some of the most competitive interest rates for qualified borrowers.
Quick Approval and Funding
The potential for same-day funding is an attractive feature for those in immediate need of financing.
Flexible Loan Terms
With options up to 84 months, borrowers can tailor their loan to their needs.
Rate Lock Guarantee
A 30-day rate lock allows you to shop around with the confidence that your rate remains unchanged.
Financial Hardship Assistance
Programs are available to assist borrowers who encounter unexpected financial difficulties.

Cons

Geographic Limitations
Services are limited to certain states and D.C., which may inconvenience some potential borrowers.
In-Person Application Requirement
New users often need to apply in person, which can be inconvenient for some.
Strict Credit Requirements
A strong credit profile is necessary to qualify for the lowest rates, potentially excluding some borrowers.
Potential High Total Interest
Opting for longer-term loans could incur higher total interest costs over time.

Why We Recommend Truist Auto Financing

Here at Tu Dinero, we endorse financial products that provide value, transparency, and convenience.

Truist Auto Financing checks these boxes with its well-rounded offerings designed to meet the needs of modern borrowers.

Truist offers a range of flexible loan terms and competitive rates that cater to a wide audience.
The quick approval process means faster access to funds, aiding in timely purchases and refinancing.
Specialized customer support options like financial hardship assistance offer peace of mind during unforeseen circumstances.

How to Apply for Truist Auto Financing

Applying for Truist Auto Financing can be conveniently done by following a straightforward process, especially for existing customers.

For new clientele, its essential to consider location eligibility and prepare the necessary documentation in advance.

Visit Official Website

Website: www.truist.com

Frequently Asked Questions about Truist Auto Financing

What are the loan terms and rates?

Loan terms can range up to 84 months, with APR rates starting at 5.15% and reaching 18.00% depending on creditworthiness.

Can I refinance my Truist auto loan?

Yes, after completing at least six payments, you can refinance your existing Truist auto loan.

Is there a minimum loan amount required?

Yes, the minimum loan amount you can apply for is $3,500.

How do I apply for a loan?

New customers are encouraged to apply in person at a Truist branch, while existing customers can apply via phone. Truist operates in 17 states and Washington, D.C.

Is there a rate lock feature?

Indeed, Truist offers a rate lock for 30 days post-approval.

What documents are needed for the application?

You will need income and employment verification, a drivers license, proof of address, current registration for refinancing, and a bill of sale for purchases.

Final Considerations

Whether you are purchasing a new vehicle or refinancing an existing loan, Truist Auto Financing offers a robust suite of services tailored to meet the specific needs of its clientele.

While there are some geographical limitations and application preferences, the overall package is compelling for those residing in its service areas with sufficient creditworthiness.

Evaluate your individual circumstances to make the most of what Truist has to offer.

About the Author: Yago Dias

Yago Dias’s mission is to bring readers closer to everyday financial decisions. At tu-dinero.org, he writes about budgeting, credit, and investments, showing that understanding money is the first step toward financial freedom.