Auto Insurance And Pnc: What's The Connection?

PNC offers a range of auto loan services, including financing for new and used cars, lease buyouts, and refinancing options. They also provide guidance on vehicle titles and lienholders, ensuring customers comply with state-specific requirements. PNC Total Auto, in partnership with TrueCar, enables customers to search for vehicles, compare prices, and review financing options. PNC auto loans are subject to credit approval and specific conditions.

PNC auto refinancing

When refinancing your auto loan with PNC, you can expect a fast loan decision. They offer convenient online, phone, and in-branch application options. Additionally, with PNC Total Auto, powered by TrueCar, you can search for a vehicle, compare prices, and review financing options all in one place.

It's important to note that refinancing may not be the best option for everyone. Before making a decision, be sure to consult PNC to discuss the option that best meets your needs. Additionally, refinancing may involve some additional costs, such as title transfer fees, so be sure to factor those into your decision-making process.

If you're considering refinancing your auto loan, PNC provides a helpful Monthly Payment Estimate Calculator on their website. This tool can assist you in determining how your vehicle payments might change under different refinancing scenarios. Keep in mind that the calculations are for educational purposes only and may not reflect your exact circumstances.

PNC auto loans

PNC Total Auto, powered by TrueCar, allows customers to find and finance their vehicle in one place. Customers can use the advanced search feature to find a vehicle, compare prices, and review financing options. PNC also provides a monthly payment estimate calculator to help determine vehicle payments, though customers are advised to consult a financial advisor for their specific situation.

For customers looking to refinance their existing auto loans, PNC offers competitive APRs and flexible terms, with a fast loan decision. The bank also provides guidance on the best time to buy a car and considerations for buying a new or used car.

When taking out a loan with PNC, it is important to establish PNC as the lienholder on the vehicle title. This process may vary by state, and PNC provides detailed instructions on its website for completing the necessary steps.

PNC Total Auto

With PNC Total Auto, customers can conveniently search for new or used cars from eligible dealers. The platform provides an extensive database of vehicles, enabling users to compare prices and make informed decisions. Additionally, PNC Total Auto offers check-ready loans, where customers can obtain a check to purchase a new or used vehicle from eligible dealers. This simplifies the car-buying process, ensuring a seamless transaction.

Furthermore, PNC Total Auto offers auto loan refinancing options. Customers can apply to refinance their existing auto loans, potentially benefiting from competitive APRs and flexible terms. This service is designed to help individuals improve their auto loan terms and manage their finances more effectively.

It is important to note that PNC Total Auto operates independently from PNC Bank's website, and users are advised to review TrueCar's website terms, privacy, and security policies when using the platform.

PNC auto loan rates

PNC Bank offers a range of auto loans with competitive interest rates. The specific interest rate you receive will depend on various factors, including the type of loan, the model year, loan amount, and repayment term. Here are the key features and factors to consider:

• Loan Types: PNC offers traditional auto loans and Check Ready loans, which are pre-approved car loans that you can use at dealerships. They also provide auto loan refinancing, private-party loans, and lease buyout options.
• Interest Rates: As of September 1, 2024, PNC's auto purchase Annual Percentage Rates (APRs) range from 6.64% to 21.74%. The auto refinance APRs range from 6.74% to 22.94%. These rates are subject to change and depend on factors such as creditworthiness and repayment terms.
• Loan Amounts: PNC auto loans have a wide range, with amounts varying from $5,000 to $100,000. The specific amount you can borrow will depend on factors such as your credit history and the value of the vehicle.
• Repayment Terms: The repayment terms for PNC auto loans can range from 12 to 84 months. The term length will impact your monthly payments and the total interest paid over the life of the loan.
• Vehicle Requirements: PNC has specific requirements for the vehicles they will finance. The car must be a 2016 model or newer and have less than 100,000 miles on the odometer. These requirements may vary depending on the loan type and other factors.
• Autopay Discount: PNC offers a 0.25% APR discount if you set up automatic payments from a PNC checking account. This discount can help reduce your overall interest costs.
• Credit Score: PNC does not disclose the minimum credit score required for their auto loans. However, the lowest rates are typically offered to borrowers with very good credit ratings, usually starting at a FICO score of 740 or higher.
• Availability: It's important to note that PNC auto loans are not available nationwide. They are currently offered in 28 states and the District of Columbia.

Factors Influencing PNC Auto Loan Rates

When determining PNC auto loan rates, several factors come into play:

• Model Year: The APRs for auto loans can vary based on the model year of the vehicle. Older models may have higher interest rates compared to newer models.
• Loan Amount: The interest rate may also depend on the loan amount. Larger loan amounts may qualify for lower interest rates, while smaller loan amounts may have slightly higher rates.
• Repayment Term: The length of the repayment term can impact the APR. Longer repayment terms may result in slightly higher interest rates, while shorter terms may offer more competitive rates.
• Creditworthiness: Your credit history and credit score play a significant role in determining the APR you receive. Borrowers with excellent credit scores are more likely to qualify for the lowest interest rates.
• Automatic Payments: Enrolling in automatic payments from a PNC checking account can reduce your APR by 0.25%. This discount can make a noticeable difference in the total interest paid over the life of the loan.

In summary, PNC auto loan rates vary based on a combination of factors, including the type of loan, vehicle model year, loan amount, repayment term, and your creditworthiness. It's always a good idea to shop around and compare rates from different lenders to ensure you get the best deal for your specific needs and circumstances.

PNC auto loan customer service

For those who are already PNC Bank customers and require help with an existing product or service, the Customer Care team is available. The team can be reached through the Customer Service Center on the PNC website.

PNC also provides 24-hour automated account information, accessible all days of the year.

Frequently asked questions