loan terms up to six years great rates for used cars and refinancing us bank has an excellent industry reputation and offers competitive rates especially for used cars and auto loan refinances us bank offers auto loans at low rates for up to 100000 and 72 months for borrowers with good credit this bank is an excellent option for used car loans and refinance loans in this article we at the guides auto team will explore us bank’s loan options and application process we’ve also researched the lenders with the best auto loan rates and auto refinance rates to help you make a smart financial decision if you fit the following profile you’ll receive the lowest apr that the company offers these factors may result in higher loan rates   none a vehicle that is older than six model years the us bank vehicle marketplace makes browsing dealerships more convenient if you’re preapproved for a loan through us bank you can send your approval letter to a dealership representative and get the exact car you want if you want to pay off your auto loan sooner or reduce your monthly car payment refinancing is the way to go us bank offers auto loan refinancing with an apr that currently sits at 529 to qualify for this rate your loan must be for 30000 or more and have a term of 36 months or less and the car can’t be more than 12 months old you must also finance 80 or less of the car’s value meaning you’ll need an initial down payment you’ll also need a credit score of 800 or better and to set up automatic payments from a us bank checking or savings account finally you’ll need to reside in one of the 26 states where us bank offers auto refinance loans a leasebuyout loan allows you to purchase a leased vehicle at the end of your lease term you can apply for a leasebuyout loan with us bank whether your lease is with the company or another provider if your lease isn’t with us bank you’ll need to sign your lease buyout loan at your nearest us bank branch you can use online banking services to apply for auto loan preapproval through us bank if you successfully complete the loan approval process you’ll have a lockedin rate for 30 days if you have a low credit score you should consider adding a cosigner with a strong credit history to your application this will improve your chances of getting approved for the loan you want so your loan payment will be the lowest possible here’s what you’ll need to have handy when you apply for any type of us bank vehicle loan   none personal identification such as your social security number   none amount you expect to finance and loan term   none kelley blue book or for used vehicles the national automobile dealers association nada value   none lienholder name and payoff amount for refinancing or a private party purchase us bank holds a b rating from the bbb the company also has a wellreviewed mobile app with 46 out of 50 stars on google play and 48 out of 50 stars on the app store the company didn’t fare well in the jd power 2021 us consumer financing satisfaction studysm ranking 20th out of 24 lenders in the mass market category however in the jd power 2022 us consumer lending satisfaction studysm us bank got the secondhighest score for overall customer satisfaction in the personal lending category there aren’t many reviews across bbb or trustpilot sites related specifically to us bank’s auto loan process however there are few sparkling reviews about us bank in general these reviews talk about reliable customer service interactions and resolutions in specific bank account errors customer reviews on trustpilot aren’t very enthusiastic about us bank where the financial institution holds a rating of 13 out of 50 stars the most common complaints about the auto loan provider refer to slow application processes for car leases errors and delays in title transfers and poor customer service some customer reviews complained about being transferred to wrong departments being hung up on and agents not able to answer their questions we reached out to us bank for a comment on these negative reviews and ratings but did not receive a response it’s easy to compare auto loan and refinancing rates through the myautoloan marketplace the company also offers lines of credit for lease buyout loans you can get a new car loan with an apr as low as 369 for 37 to 60 months refinance loans from myautoloan feature an apr of 199 for 36 months or less customers give myautoloan high marks on trustpilot with a 42 out of 50star rating the company also holds an a rating with an accreditation from the bbb specializing in auto loan refinancing auto approve has built a strong industry reputation the lender carries an a rating and receives 44 out of 50 stars from customers on the bbb customers on trustpilot also rate auto approve highly giving it 47 out of 50 stars based on more than 6000 reviews refinancing aprs start at 294 with auto approve although the best interest rates are only available for customers with excellent credit scores the company also offers lease buyout loans for those who want to purchase their leased vehicles