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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.

  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 options 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.
APR1 As low as 1.99% (with Auto-Debit Discount) As low as 1.99% (with Auto-Debit Discount)
Loan Amount $5,000 up to $100,000 $5,000 up to $100,000
Loan to Value2 Up to 110% LTV on purchases and up to 120% on dollar for dollar refinancing 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 Several term lengths available based on age of vehicle Not to exceed current remaining months
Additional Information
  • Rate Discounts Available with automatic payment from Regions Checking4
  • There is a loan processing fee on new and used financing
  • No loan processing fee on refinancing1
  • Rate Discounts available with automatic payment from Regions Checking4
  • No loan processing fee
  • Available complimentary GAP rider3
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1. As of 7/15/2016 annual interest rates range from 1.99% to 8.99% (1.99% APR to 11.95% APR). The highest APR requires the smallest loan amount, shortest term length, and a loan processing fee. The lowest APRs require auto-debit discount and are available only to borrowers with excellent and substantial credit history, whose loans meet other specific credit criteria, such as qualifying loan term, loan amount, loan-to-value ratio, and vehicle characteristics. Your interest rate will depend on a variety of factors, including the model year of the vehicle and 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 to receive a 0.25% discount by having monthly payments auto-debited from your Regions checking account (the “Auto Debit Discount”). Your APR will depend on your interest rate, loan amount, loan term, and whether your loan is subject to a loan processing fee.  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.

Use our How to Calculate Auto Loan Rates calculator to see how loan term, purchase price, and interest rate impact monthly payment amounts.

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

3. 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.

4. To qualify for the 0.25% 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.

* Between 4/1/15 and 6/30/15, the average estimated savings off the Manufacturer’s Suggested Retail Price (“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 $3,180, 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 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.

 

 

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.)