PNC Student Loans Review 2022

PNC Auto Loans Review | Find the Best Loan for You

PNC Bank offers financing for new and used vehicles. If you apply online, you can secure financing for purchases at eligible U.S. dealerships. Auto loans for private party purchases are also available, but you must apply in person at a branch. If you have an existing auto loan on a vehicle, you may also refinance your loan with PNC. The bank also does lease buyouts.

PNC allows you to apply for auto financing online, over the phone or in person at a branch. Its “Check Ready” program lets you secure financing online before shopping at an eligible dealer. You can negotiate the final price with the dealer and then write in the amount on your check, up to the approved amount. If you apply online, you’ll have a decision within a few minutes. The offer remains valid for 30 days.

If you plan to purchase a used vehicle from a private party, visit a PNC branch. If you provide the necessary documents and are approved for the loan, you may be able to leave with a check in hand.

To refinance, apply online, over the phone or in person at a branch. Once approved, you can close at a PNC branch or have the documents sent to your home. Then once you return your signed documents, a check will be sent to the creditor to pay off the loan.

PNC offers financing terms of 12 to 72 months, and your interest rate depends on the term length and vehicle model year. The lowest rates are reserved for applicants with excellent credit, and there is no prepayment penalty.

To finance a vehicle, it must be a 2014 or newer model year and have below 80,000 miles – although some credit scores may qualify for a vehicle up to 100,000 miles. Some vehicles aren’t eligible for a PNC auto loan, such as commercial vehicles. Other restrictions on eligible vehicles may apply.

If using the Check Ready service, borrowers must finance a car purchased from an eligible dealership, which includes all U.S. franchise dealerships.

Borrowers receive an interest rate reduction of 0.25 for setting up and maintaining automated payments from a PNC checking account.

Although PNC Bank branches aren’t located in every state, it does offer loan products nationwide. It doesn’t disclose a minimum credit score requirement and considers other factors in addition to credit score, such as income.

For Check Ready loans, the minimum loan amount is $7,500 and the maximum is $50,000. You can borrow more than $50,000, but you won’t receive a blank check to shop for a vehicle. Instead, you’ll be issued a check for a specific amount.

PNC Financial Services Group has an A+ rating with the Better Business Bureau. PNC Bank has a bad rating of 1.3 stars out of 5 on Trustpilot based on more than 400 reviews. In 2021, the Consumer Financial Protection Bureau received 87 complaints about PNC Bank concerning vehicle loans. Most involved managing the loan or problems at the end of the loan, and each received a timely response.

You can reach PNC customer service by calling 888-PNC-BANK or 888-762-2265. Representatives are available from 7 a.m. to 10 p.m. Eastern Time Monday through Friday and from 8 a.m. to 5 p.m. ET on weekends. You can also contact the bank on Twitter using @PNCBank_Help.

  • People who want to shop for a car with financing secured ahead of time.
  • People who want the convenience of applying for an auto loan online. 

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