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Auto Loans

orange arrow Why the Regions Auto Center?

If you're ready to select, build and buy your new car online, don’t wait! Save time and money with no-hassle car buying, 24/7. Use our Regions Auto Center today.

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orange arrow Why a Regions Auto Loan?

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.

orange arrow Which Loan Process is Right for Me?

  Loan with Branch Involvement
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Exclusively Online
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Summary For new, used or refinance auto loans. For refinance loans only.
Key Benefits Can be handled through regions.com and Loan by Phone as well as your local Regions branch — choose your preference. Rely on Regions for competitive rates and flexible terms. This process is online only through regions.com with no branch involvement, so you may refinance at your convenience. Rely on Regions for competitive rates and flexible terms.
Advantages Provides touch points for those who prefer a branch experience as well as hard copy versions of contracts. Can be done entirely online at your convenience.
Requirements to Apply View details of what you need to apply. View details of what you need to apply.
APR 3.02% - 12.30%1 3.24% - 11.99%3
Loan Amount $2,000 up to $100,000 $2,000 up to $100,000
Loan to Value2 Up to 120% LTV Up to 120% LTV (Maximum amount not to exceed pay off of existing loan amount)
Collateral
  • New or used automobiles and light trucks
  • Maximum vehicle age is seven years old
  • Purchase or Refinance
  • Refinance only your current vehicle
  • Maximum vehicle age is seven years old
Mileage Limits Less than 90,000 miles Less than 90,000 miles
Terms 30 - 72 months; based on age of vehicle Not to exceed current remaining months
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
  • Rate Discounts available with automatic payment from Regions Checking5
  • No loan processing fee
  • Available complimentary GAP rider4
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1. Annual Percentage Rates (APRs) were effective 4/8/2015 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 2.99% (3.27% APR) would have a monthly payment of $275.68. The same loan with the rate discount would have an annual interest rate of 2.74% (APR of 3.02%) and monthly payments of $273.68.
  • An annual interest rate of 3.79% (4.07% APR) would have a monthly payment of $282.23. The same loan with a rate discount would have an annual interest rate of 3.54% (APR of 3.82%) and monthly payments of $280.17.
  • An annual interest rate of 11.99% (12.30% APR) would have a monthly payment of $354.74. The same loan with a rate discount would have an annual interest rate of 11.74% (APR of 12.05%) and monthly payments of $352.39.

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

* Between 4/1/14 and 6/30/14, the average estimated savings off MSRP presented by TrueCar Certified Dealers to users of TrueCar powered websites, based on users who configured virtual vehicles and subsequently purchased a new vehicle of the same make and model listed on the certificate from Certified Dealers, was $3,221, including applicable vehicle specific manufacturer incentives. Your actual savings may vary based on multiple factors including the vehicle you select, region, dealer, and applicable vehicle specific manufacturer incentives which are subject to change. The Manufacturer's Suggested Retail Price ("MSRP") is determined by the manufacturer, and may not reflect the price at which vehicles are generally sold in the dealer's trade area as not all vehicles are sold at MSRP. Each dealer sets its own pricing. Neither TrueCar nor Regions Bank brokers, sells, or leases motor vehicles.

3. Annual Percentage Rates (APRs) were effective 4/8/2015 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, credit history, loan amount, loan term, and loan to value ratio of your vehicle. (NADA value) 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). 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 percentage rate of 3.49% would have a monthly payment of $277.45.  The same loan with the rate discount would have an annual percentage rate of 3.24% and monthly payments of $275.42.
  • An annual percentage rate of 3.79% would have a monthly payment of $279.89. The same loan with a rate discount would have an annual percentage rate of 3.54% and monthly payments of  $277.86.
  • An annual percentage rate of 11.99% would have a monthly payment of $351.81. The same loan with a rate discount would have an annual percentage rate of 11.74% and monthly payments of $349.47.

4. If you refinance with Regions using the Exclusively Online option, you’ll have the option to receive a complementary Guaranteed Asset Protection (GAP) Rider from Regions. With this GAP Rider, we may waive some or all of the difference between the amount you owe on your Regions loan and the proceeds from your auto insurance in the event of a total loss due to physical damage or theft of your vehicle. Terms and Conditions apply.

5. To qualify for the .25% discount you must be a Regions checking account customer and agree to auto-debit from your Regions checking account at the time of your application and maintain your payments using auto-debit for the life of your loan, (loans must be over $5,000 to receive discount).

 

 

What will I need to know before I apply?

  • 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.)