Tresl Auto Refinance Review 2023
Refinance Your Auto Loan Fast and Easy with Way!
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APR as low as 5.74%
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Tresl Auto Refinance Review – Introduction
The worst thing about trying to refinance your auto loan is not knowing where to start. There are so many providers out there that it’s impossible to visit every one of them. However, with the rise of loan-matching platforms and aggregators like Tresl Auto Refinance, you can compare rates online and choose an offer in minutes!
Tresl Auto Refinance has been based in Texas since 2007 and has helped thousands of borrowers access easy refinance options through a 100% online process! The Way.com Refinance team has reviewed all the exclusive features of the company in this Tresl Auto Refinance review. We go through customer reviews, feedback, and other information to give you a comprehensive review of Tresl.
Pros and Cons of Tresl Auto Refinance: A Snapshot
Tresl was started to connect borrowers with multiple refinance lenders by filtering them through a pre-approval process. Auto refinancing means taking out a new loan with more favorable terms and conditions than your existing auto loan.
The option to compare different refinance offers and rates is the biggest advantage of Tresl auto refinance. You get more choice in refinancing, which leads to a better deal and more money saved!
Here are the major pros and cons of Tresl auto refinance:
| Benefits | Drawbacks |
|---|---|
| Soft credit inquiry for Tresl auto refinance pre-approval. | Does not offer 12-month or 24-month terms |
| Low credit score requirement of 580 | Vehicle age limit of 10 years |
| No origination fees for processing application | Some lenders charge a prepayment penalty |
| Available in all 50 states | Most lenders charge some form of late fees for delay in payments |
| High refinance loan amounts accepted | |
| Co-signers and co-borrowers allowed | |
| Financial experts to guide you with your application process |
*As of January 2022
Tresl Auto refinance rates are excellent for customers who:
- Want to shop around and compare different offers
- Need pre-approval to safeguard their credit score
- Have high loan refinance amounts
- Want financial advice before refinancing
Unique features of Tresl Auto Refinance
Here’s a detailed look at some of the core features of the Tresl Auto refinance process.
- Tresl auto refinance credit score: Borrowers with bad-to-good credit can apply easily with Tresl. Even with a score as low as 580, you can qualify for Tresl auto refinance rates.
- Soft credit inquiry and pre-qualification: Tresl allows poor credit borrowers to determine which offers are best through a soft credit inquiry and pre-qualification process.
- Social Security Number notrequired for pre-qualification.
- Refinance loan terms: Tresl auto refinance offers loan terms varying from 36-84 months. Borrowers looking for 12- or 24-month terms will be disappointed.
- High loan amounts: You can refinance as high as $100,000 with Tresl lenders.
- APR Range: Tresl refinance rates start from a minimum of 2.49% to 23%.
- No origination fees: Tresl does not charge a fee for processing your application.
- Prepayment penalties: Some lenders may charge a prepayment penalty if you repay the full loan before the due date.
- Co-signers and co-borrowers allowed: You can further lower yourTresl auto refinance rates by adding co-signers and co-borrowers to your new loan.
- Bi-weekly payments and Hardship Plans allowed: Many lenders offer hardship plans for borrowers with irregular income.
Tresl Auto refinance requirements
Before applying for Tresl auto refinance, check the table below to see if you meet all the requirements.
| Criteria | Description |
|---|---|
| Minimum Age | 18 and above |
| Tresl auto refinance credit Score Range | 580-850 |
| Minimum Annual Income | $18,000 |
| Months since taking current loan | At least 3 months |
| Loan Payoff amount | $5000 - $100,000 |
| Minimum credit history | 4 months |
| State restrictions | None. Available in all 50 states |
| Vehicle restrictions | Vehicles should be less than 10 years old and have a mileage less than 150,000 |
| Bankruptcy restrictions | No open bankruptcies |
| Immigration Status
|
U.S. Citizen
U.S. Permanent Resident |
| Documents Required for verification
|
Income proof
Driver's license Proof of citizenship or residence permit |
*As of January 2022
- Active-duty members of the armed forces can get preferential Tresl auto refinance rates under the Military Lending Act.
- You can also use Tresl to refinance your lease buyout.
How to apply for Tresl auto refinance: Steps to follow
Step1: Complete the pre-qualification
To apply for Tresl auto refinance, head to the ‘Refinance’ option on their website and enter the details like VIN, personal information, and loan terms. You don’t require your Social Security Number to do a soft credit inquiry.
You will be shown multiple offers from all qualified lenders, some with the exact term you’re looking for and some with a longer term. Longer refinance terms mean lower monthly payments, but more interest charges in the long run.
Step 2: Choose your preferred offer and complete the application
Choose the one that has the best terms for your budget. You can call up a Tresl financial advisor to guide you through your application. You will have to submit further details to the lender for a hard credit inquiry. The rates offered in the final refinance deal may differ slightly based on your hard credit inquiry.
Step 3: Finalize the refinance loan
Send in all your supporting documents online to be verified. Funding offers are valid for 30 days. You can add co-borrowers and co-signers in your final refinance loan to adjust the monthly payments.
Tresl Auto Refinance Review: Conclusion
Tresl auto refinance has a Better Business Bureau (BBB) rating of A+, indicating excellent customers reviews and reputation. It has a 4.5 rating on Trustpilot as well, with customers commending the guidance of the financial advisors. Even when there are complaints, the customer support team promptly gets in touch to resolve the issue.
We heartily recommend using Tresl to find your preferred refinance offer, as it offers a range of options to suit every borrower profile.
Tresl Auto Refinance: Frequently Asked Questions
What is the address of Tresl?
The official mailing address of Tresl is 706 E New Hope Dr Suite A, Leander, Texas.
How to contact: Tresl Auto Refinance phone number
Reach out to the Tresl auto refinance customer support team at +1 866-504-3748. They operate between 8 a.m. and 8 p.m., Monday to Friday and from 9 a.m. to 5 p.m. on Saturdays.
Does Tresl auto refinance have a fixed or variable APR?
Tresl offers fixed APRs for car refinancing starting from 2.49%.
Does Tresl charge an origination fee?
No, Tresl does not charge origination fees for processing refinance applications.
Does Tresl allow auto payment?
Yes, some Tresl lenders allow auto payment and even give you 0.25% discount if you choose it. However, you cannot choose autopay for biweekly or hardship plans.
Does Tresl auto refinance report to any credit bureaus?
No, Tresl does not report to any credit bureaus.