

Please note that many banks and financial institutions offer a rate discount for enrolling in autopay (to reduce your interest expense and lower your monthly payment). Enrolling in Autopay from your checking account.Simply go to and login on the right at Online Banking. If you currently have a loan with Suntrust paying online is easy. The challenge with refinancing is that most auto loan companies require you to visit their branch before they can give you any indication of how much money you will be saving. the auto loan companies that are owned by the respective car brand), e.g.:Īfter you've made your first 6 / 12 / 18 payments, your chance to refinance your loan and lower your monthly payments has come. If you bought your car at a Franchise Dealership, you may have qualified for a loan with one of the Captive Finance companies (i.e. Other loans you might have also qualified for could have been with one of the following auto loan companies: Glassdoor: 3.5 out of 5 stars from 2,677 reviewsĮver wondered if Suntrust treats everyone like you? Sadly, they do.Wallethub: 3.5 out of 5 stars from 702 reviews.We looked at reviews for Suntrust and found the following: the number 2 goal of a car dealer is to sell the car at the highest possible marginĬonsidering the interests of the car dealer and how most car shoppers get their loans, no wonder Americans are overpaying on their interest rates, right?Īs mentioned above, Suntrust is an auto loan and financial services company that specializes on the segment of Americans with good (i.e.the number 1 goal of a car dealer is to sell a car.In fact, the same is true for auto insurance and when you inquire about a warranty. As a result, auto dealers have a leg up when it comes to giving car shoppers loans. People shop for new cars, they don't shop for new loans. ħ9% of all Americans with auto loans get their auto loan at the dealership. The dealer found you your loan and you can make your payments by clicking on Online Banking at.

You probably used your used vehicle as a trade-in to lower your down payment. If you currently have a loan with Suntrust, you most likely got the loan at the dealership during the car purchase. Our Suntrust auto loan calculator can pre-qualify you hassle-free through a simple credit application and help you get a sense for how much you can expect to save from a Suntrust auto refinance and the best rates. prime) credit and we observed an average auto loan interest rate of 6% (within a range of +/- 3%), while rates vary a lot by credit score.

Suntrust targets the segment of American car shoppers with good (i.e. In 2019, BB&T announced the acquisition of SunTrust making it the 6th largest bank in the U.S. The bank's parent was established in 1891 in Atlanta. holding company with SunTrust Bank as its biggest.
