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Auto Loans

Learn more about buying a car with auto loans from Regions Bank

At Regions, we make it easy to purchase the vehicle you're looking for through a variety of auto loans. Flexible terms, competitive rates and prompt credit decisions are just a few of the advantages you'll receive as a Regions customer. And if you're ready to select, outfit and build your new car online today, you can use our Regions Auto Center now. Save time and money with no-hassle car buying, 24/7.

Auto Loans
Features & Benefits Already have a vehicle in mind? Purchase or refinance today using the Regions Auto Loan process.
What you need to apply Apply Now
What you need to apply
Overview Straightforward financing, online or by phone, whatever your preference. Rely on Regions for competitive rates and flexible terms.
APR1
3.27% - 13.31%
Loan Amount
$2,000 up to $100,000
Loan to Value2
Up to 120% LTV
Collateral
  • New or used automobiles and light trucks
  • Maximum age is seven years old
  • Purchase or Refinance
Mileage Limits
Less than 90,000 miles
Terms
30 - 72 months; based on age of vehicle
Additional Information
  • Rate Discounts Available with automatic payment from Regions Checking1
  • There is an account processing fee of $150 on loans of $3,000 or more
  Apply Now
What you need to apply

1. Annual Percentage Rates (APRs) were effective 10/28/2014 and may change at any time without notice. Your interest rate will depend on a variety of factors including the model year of the vehicle, whether the vehicle is new or used, as well as, your: credit history, loan amount, loan term, loan to value ratio of your vehicle (based upon dealer invoice for new or NADA value for used), and election for a 0.25% discount by having monthly payments auto-debited from your Regions checking account (loans must be over $5,000 to receive discount). Loans of $3,000 or more are subject to a $150 processing fee. The lowest APR is available only to borrowers with excellent credit. All loans are subject to credit approval. Loan application requires vehicle information, as well as, driver’s license number, issue date, and expiration date for all borrowers. Additional restrictions and conditions apply. Your APR will depend on your interest rate, loan amount and loan term. For example, an $18,000, 72 month loan with:

  • An annual interest rate of 3.24% (3.52% APR) would have a monthly payment of $277.72. The same loan with the rate discount would have an annual interest rate of 2.99% (APR of 3.27%) and monthly payments of $275.68.
  • An annual interest rate of 4.74% (5.02% APR) would have a monthly payment of $290.12.  The same loan with a rate discount would have an annual interest rate of 4.49% (APR of 4.77%) and monthly payments of $288.03.
  • An annual interest rate of 12.99% (13.31% APR) would have a monthly payment of $364.25. The same loan with a rate discount would have an annual interest rate of 12.74% (APR of 13.06%) and monthly payments of $361.86.

2. Loan to Value (LTV) based on dealer invoice on new vehicles or NADA value for used vehicles plus tax, tag and title fees.

 

What will I need to know before I apply?

  • Your credit report should not show any bankruptcies, foreclosures, short sales or previous major credit issues.
  • We will verify all sources of employment and income.
  • We may ask you to provide copies of tax returns to verify income.

What will I need to complete my application?

  • Social Security number
  • Mailing address
  • Driver's license number, issue date and expiration date
  • Current email address
  • Gross monthly income
  • Estimated value of property
  • Collateral description (VIN, year, make, model, etc.)