Regions has a very intuitive online auto loan application that allows you to see exactly what their auto loan program entails. Their auto loan home page is so simple to understand and easy to use. Firstly, they openly display their APR rates, available loan amounts, and additional important information like mileage limits. Then, when you apply for your loan they give you the lowest APR rate they have available based on your credit score. Also, if you’re a participant of Regions Checking accounts they do offer rate discounts when you sign up for automatic payment.
The most unique feature is Regions Auto Center. Regions supplies no hassle online car buying so you can avoid the haggling at a dealership and find a certified car with their TrueCar price reporting system. This intuitive program allows you to find your car and your loan all online from the convenience of your home.
Regions does advertise higher interest rates than other companies. Depending on your credit score, you might receive a better rate from them; however, their lowest advertised rate is higher than other companies. Regions is also one of the few companies that not only has mileage restrictions, but it also has an age limit on the car. So even if you have a low mileage car that is in great condition, if it’s more than seven years old it won’t qualify for the loan.