Nationwide

Author: Kaitlyn Short

Nationwide

is a strong company that has been in business since 1926. They made it onto the list of Fortune 100 companies with their consistently high rankings from major rating industries. Their mission is to help Americans reach their retirement dreams. Nationwide plans on assisting you with your retirement goals by offering annuities, mutual funds, retirement plans, insurance programs, and loans. Nationwide is a company that is focused on customer service and financial stability, and in 2013 they were named among the top ten most generous companies.

Top Ranked Companies

#1 America First chevron_right

6.1 Overall Score

4.7

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(137)

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#2 Mountain America chevron_right

5.8 Overall Score

4.6

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(73)

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#3 Capital One Auto Financing chevron_right

5.4 Overall Score

4.4

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(58)

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The Good

• High Loan Cap
• Customer Service
• Additional Services

High Loan Cap

Nationwide has a wide variety of loans. You can request a loan from $1,000-$100,000. They also have APR's as low as 2.19 percent. Additionally, you are able to extend the term length of your loan up to 84 months if you desire.

Customer Service

Overall, nationwide has a very reliable, honest loan system. Their easy online application, partnered with their informative loan tools will make sure that you are picking a loan that will be the best for your new car. Not only that, but Nationwide has excellent customer service ratings if you ever need a little extra help.

Additional Services

Nationwide is known for financial planning and customer service, but they also offer quick and convenient car loan options. Below are additional features that Nationwide offers:

• 150,000 mile limit
• No early pay-off penalty
• Free online application
• Quick decision (in a few minutes!)
• Loan qualification calculators
• Auto payment calculators
• Informative articles on loan options
• Search dealerships with TrueCar Certified Dealers to save on MSRP
• Nationwide also offers auto insurance

Check Rates

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The Bad

• High APR
• No Free Credit Score

High APR

Although Nationwide has excellent customer service ratings, the APR rates can be pricy. Even the lower base rates can be expensive. The advertised lowest APR is 2.19 percent, and is higher than other companies.

No Free Credit Score

Nationwide doesn't offer a free credit score check. Consumers tend to rely on the free credit check due to the loan qualification calculators available. The calculators that Nationwide offers aren't as useful when people don't know what their credit score is.

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The Bottom Line

We would recommend Nationwide as a reliable company to take out an auto loan with. They are upfront with all of their information and provide great services. If you take out an auto loan with Nationwide you might have a higher APR, but you will have flexible terms, great customer service, and you might be able to get your car insurance squared away at the same time.