Loans are underwritten by Wells Fargo, a large U.S. financial institution.
Financing is originated exclusively through authorized partner dealerships.
Various channels are available for making loan payments.
A dedicated support team is available for auto loan customers.
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The Origination Process via Dealerships+
Wells Fargo auto loans are obtained through an indirect lending model. A consumer applies for financing when purchasing a vehicle at a participating U.S. auto dealership. The dealership then submits that credit application to its network of financial institutions. If Wells Fargo provides an offer that the customer accepts, the loan is established with Wells Fargo as the lender.
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Online Account Management for Customers+
Existing customers can manage their auto loan through the Wells Fargo Online® digital platform. After enrollment, the platform allows users to view their principal balance, review transaction history, and access monthly statements. This service provides customers with constant visibility and control over their account status from a computer or mobile device.
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Available Loan Payment Methods+
Several methods are available for making loan payments. Customers can enroll in the Autopay service for automatic monthly deductions from a bank account. One-time payments can also be made through the online portal, via an automated phone system, by mail, or in person at any U.S. Wells Fargo branch location.
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The Structure of the Simple Interest Loan+
The auto loans are structured as simple interest loans. With this loan type, interest accrues on a daily basis on the outstanding principal balance. The loan terms do not include penalties for prepayment. This allows customers the flexibility to make additional payments toward the principal to potentially shorten the loan term and reduce the total interest paid.
Top Auto Loan Options in the U.S.
- Wells Fargo for VW/Audi/Ducati – Co-branded dealer financing available at 600+ VW, 300+ Audi, and 130+ Ducati U.S. dealerships beginning April 2025 (Ducati added in April 2026). Powered by Wells Fargo’s retail auto lending and VWFS’s service infrastructure .
- Capital One Auto Navigator – Offers soft-credit prequalification and real-time dealer-specific rate previews.
- PenFed Credit Union Auto Loans – Known for low APRs, flexible repayment terms, and generous financing options.
- LightStream (Truist Bank) – Delivers unsecured auto loans with fast approval and no restriction on vehicle type.
- Carvana Financing – A fully online experience with prequalification, financing, and home delivery.
Traditional Bank Financing vs. Wells Fargo for VW/Audi
If you go the traditional bank route (e.g., Bank of America or U.S. Bank), you can lock in competitive rates, but your financing isn’t integrated with dealer incentives. The VW/Audi–Wells Fargo collaboration provides a better experience: brand-aligned financing, seamless dealer installation, and unified web and in-lot support—combining the best of both auto and banking worlds.
Wells Fargo for VW/Audi Financing Benefits
- Co-branded approval experience ensures your VW/Audi financing feels consistent with the brand’s identity at the dealership.
- Soft prequalification lets you estimate your rate without affecting your credit score.
- Competitive APRs and tailored dealer incentives make negotiating easier.
- Digital tools for ongoing loan management are available via Wells Fargo’s online portal and Vault app.
VWFS will continue focusing on leasing and mobility products while transferring retail financing to Wells Fargo—offering a more specialized experience for both buyers and dealers .
Online Lending Platforms
Platforms like Capital One Auto Navigator, myAutoLoan, and LightStream excel at giving you fast, soft-pull comparisons. However, the VW/Audi–Wells Fargo partnership stands out by merging those digital conveniences with manufacturer-aligned perks you won’t get through generic lenders.
Unsecured Personal Loans vs. VW/Audi Dealer Financing
Unsecured loans might be available through banks or online platforms but come with higher rates and shorter terms. For VW/Audi buyers, the co-branded dealer loan is secured by the vehicle and specifically structured to align with manufacturer promotions—typically resulting in lower APRs and better loan options.
Buy Here, Pay Here vs. Dealer Financing
Buy Here, Pay Here lots offer quick financing for buyers with limited credit, but often come with high interest and inflexible terms. Financing through the VW/Audi–Wells Fargo partnership provides clear monthly payments, competitive rates, full credit reporting, and dealership-level support backed by trusted brands.
How Auto Loans Impact Your Finances and Credit Score in the U.S.
Wells Fargo offers a soft inquiry during prequalification, protecting your FICO score. When you accept the loan, a hard credit pull occurs, but FICO usually groups multiple auto inquiries within 30–45 days as a single hit. Timely monthly payments build your payment history—the most important factor in your credit score—and help maintain a healthy Debt-to-Income (DTI) ratio. Missed payments can damage credit and result in fees, while late payments may lead to repossession. Wells Fargo’s online and app-based tools like AutoPay reminders can make it easier to manage your loan effectively.
