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The internet has made it easier than ever for individuals to apply for an auto loan – whether it’s for a brand new vehicle or a used one. Online automobile loans are relatively quick and painless, and with many, it’s easy to determine whether you’re qualified within a few minutes to a few days. However, it’s important for individuals to be sure that they’re going with the right company to apply for their automobile loan. An online automobile lender should have several features that allow individuals to feel secure enough to do business with them, and TopTenREVIEWS Gold Award winner US Bank Auto Loan meets the criteria.

The US Bank website features a lot of information that is very helpful to the first time online automobile loan applicant. There are resources available in addition to the information needed to complete the application – such as how to get a vehicle history report, information on getting green auto loans, what the application process will be like and much more. Because it’s important for individuals to really research the companies before applying with them, it’s great that US Bank Auto Loan has this much information available to the consumer.

They also offer a lot of features that are not available with other online auto loan companies, along with tools to make the process easier and faster. With a great number of features, good customer care and support, lots of valuable information and the other things US Bank Auto Loan offers, it should be one of the top choices of consumers looking to apply for an auto loan.

Features:
9.6/10
Compare
US Bank Auto Loan
Bank of America Auto Loan
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AutoLoan.com
9.6
9.3
9.1
9.6
8.8
9.6
8.1
8.8
8
8.9

US Bank Auto Loan is a secured site, which is very important. This means that when the individual fills out their application and sends it, the information is encrypted and scrambled so that if it should fall into the wrong hands, they wouldn’t be able to use it to damage the credit or identity of the individual applying. This is important since one will be entering information like social security numbers, employer’s name and address, income information and other personal information that they wouldn’t want anyone else to have.

US Bank Auto Loan is accredited by the Better Business Bureau, which means they strive to follow the strict guidelines set forth by the BBB regarding customer service and customer satisfaction.

Calculators available on the site can help you estimate what your car payment might be, as well as determine the type of loan they are able to comfortably afford given their current financial situations. There is a lot of great information available online, so you can learn before you apply. You have the ability to find out in hours and even possibly minutes whether or not you’ve been approved for an automobile loan, and for how much.

These features make applying with US Bank Auto Loan easier and simpler as opposed to some of the other online automobile loan options. US Bank Auto Loan has a great many helpful features, therefore serving their customers as best they can.

Help and Support:
9.4/10
Compare
US Bank Auto Loan
Bank of America Auto Loan
myAutoloan
up2drive
Chase Auto Loan
Autoloan Locator.com
Nationwide Auto Loans Online
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Wells Fargo Online Car Loan
AutoLoan.com
9.4
10
10
9.4
9.4
9.4
9.4
9.4
8.8
8.1

One of the most important things an online automobile lender can offer is help and support. Applying for an automobile loan is a huge decision and it’s important that individuals are able to receive the support they need – having their concerns addressed and their questions answered in a timely manner is extremely important. One of the things that US Bank Auto Loan has that is very helpful is a list of the most frequently asked questions from customers. These questions include things like ‘where do I find the manufacturer’s suggested retail price on a vehicle’ and ‘should I lease or buy my next automobile?’

Being able to instantly get the answers for questions is priceless, and the FAQ section ensures that most customers’ questions will probably be answered without them having to contact anyone. In the event that you have a question that is not present on the list, you can easily contact a representative of US Bank Auto Loan to get it addressed. Phone numbers are available on the site so individuals can get in touch with someone and ask their questions or have their concerns addressed as soon as possible.

With the help and support available from US Bank Auto Loan, they are certainly competitive in this area.

Payments/Cost:
10/10
Compare
US Bank Auto Loan
Bank of America Auto Loan
myAutoloan
up2drive
Chase Auto Loan
Autoloan Locator.com
Nationwide Auto Loans Online
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AutoLoan.com
10
10
9.4
9.4
10
9.4
10
9.4
10
8.8

There is no fee for individuals to apply online with US Bank Auto Loan, and their recent interest rates are available for customers to view. Of course, these interest rates are dependent upon an individual’s credit qualifications. Those with good credit are able to get the lowest possible rates while those with less than perfect or poor credit may not qualify at all, or they may be given higher interest rates. Individuals have the ability to pay for their auto loan online with US Bank Auto Loan, and the minimum auto loan available is $3,000. It’s not indicated whether there is a penalty for early payment or not, or whether there is a gross income requirement for an individual to be able to apply for a loan, so these things would need to be discussed with a representative of the company.

US Bank Auto Loans offers lending on new vehicles from $3,000 to $100,000 and on used vehicles from $3,000 to $49,999. The minimum loan amount is lower than most online auto lending companies, which is good if an individual just needs a bit more to supplement what they already have to purchase a vehicle. Many other places have minimum amounts of $5,000 or $7,500. The cost seems to be very competitive, which is important for individuals who want to receive an auto loan but still save money. The cost with this company is very competitive.

Types of Loan:
9.4/10
Compare
US Bank Auto Loan
Bank of America Auto Loan
myAutoloan
up2drive
Chase Auto Loan
Autoloan Locator.com
Nationwide Auto Loans Online
Lending Tree Auto Loan
Wells Fargo Online Car Loan
AutoLoan.com
9.4
8.8
9.4
9.4
9.4
8.8
9.4
8.8
9.4
10

US Bank Auto Loan provides loan options for new and used automobiles, boats, and RVs.

Summary:

It can be very difficult to decide what steps to take when one is ready to apply for an automobile loan. It’s a huge step and a big decision that should be fueled by a lot of knowledge and research. US Bank Auto Loan provides a lot of information and tools so that individuals can research and determine whether or not the company is the best choice for their unique financial situation. In addition, they offer a variety of features that aren’t readily available with many other online automobile lending options. From online calculators, the ability to apply online and check the status of an application online to seeing the current interest rates and much more – this company is a great choice for anyone contemplating an automobile loan.

With options for both new vehicles and used vehicles and an excellent customer service support area, US Bank Auto Loan is a great choice. The fact that they are accredited by the Better Business Bureau is another positive mark, even though it shouldn’t count against companies who are not accredited, as the companies must seek out the accreditation. It is recommended that all individuals thoroughly check this company out before proceeding with any other company.

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US Bank Auto Loan

Pros
The website is complete, detailed and thorough.

Cons
There is nothing that stands out as really bad.

The Verdict
: 9.6/10

One of the top autoloan companies.