PNC Bank: 2022 Auto Loan Review – Bankrate.com

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Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car.
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence.
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Bankrate Score
Loan amount
$7,500 – $100,000
Min. credit score
Not specified
APR from
3.29% – 20.24%
Funds available in
As soon as one day
Consider these aspects of an auto loan with PNC Bank before applying.
Fast funding
PNC Total Auto program
Large in-person availability
High minimum loan amount
Undisclosed eligibility requirements
In-person visits may be required
An auto loan from PNC bank is best for drivers who prefer in-person customer service and who live near a PNC branch; keep in mind that you must visit a branch if you are buying from a private party. PNC is also good for drivers who are on a short timeline, since it’s possible to receive a check on the same day you apply or overnight, depending on the type of loan you’re applying for.
PNC Bank offers auto loans for new and used vehicles and for vehicle refinancing.
PNC offers new and used auto loans for both dealership purchases and purchases from a private seller, although the details are slightly different for each type.
If you’re buying from a dealer, you can apply online for any amount between $7,500 and $50,000. Loan amounts up to $100,000 are available, but you will have to call to learn your options. If you are buying a used car from a private seller, you can borrow anywhere from $5,000 to $100,000. In both cases, you can choose a repayment term of 12 months to 72 months.
If you want to refinance your vehicle, PNC lets you choose a loan amount between $5,000 and $100,000 and a term between 12 and 72 months.
PNC allows customers to take out an auto loan to purchase a leased vehicle. If you are looking to take home your leased car instead of return it, you can borrow as much as $100,000 from PNC for up to 72 months.
Interest rates and terms
PNC offers a discount of 0.25 percent off your interest rate if you set up automatic payments from a PNC checking account. The rates below include this discount.
Applying for a new or used vehicle from a dealership using PNC’s Check Ready Loan is the easiest option. The application can be filled out entirely online, and if you are approved, a check can be mailed to you overnight.
The process looks different for private party auto loans and refinancing loans. With a private party auto loan, you need to visit a branch to apply, and you can either pick up your check at the branch or have it mailed to you once you’re approved. 
For refinancing, you can apply online, by phone or at a branch, but to close your loan you will need to either visit a branch or have the documents mailed to you.
Be prepared to provide:
PNC does not specify its credit score or income requirements to get an auto loan. However, you may use its loans to finance only vehicles with a model year of 2014 or newer, and borrowers using the Check Ready Loan must work with a U.S. franchise dealer.
PNC earns an “A+” rating with the Better Business Bureau, which tracks customer complaints and businesses’ responses to those complaints. An A+ is the highest rating given.
PNC has both online and app availability, as well as in-person appointments in its banks. Customer care consultants are available at 888-762-2265 Monday through Friday from 7 a.m. to 10 p.m. ET and on Saturday and Sunday from 8 a.m. to 5 p.m. ET.
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car.
Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.
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