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TD Bank Auto Loans
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Pros and Cons of TD Bank Auto Loans
Who is TD Bank Best For?
TD Bank is different from many of our picks for the best auto lenders because it is an indirect lender, meaning you can only get a loan from the company through a partner dealership, not through the bank itself.
If you have a relationship with TD Bank — perhaps you already have a bank account with them — you may prefer to have all of your financials in one place.
How TD Bank Auto Loans Compare
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Starts at 3.50{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} APR
Both TD Bank and Wells Fargo are indirect lenders, meaning you won’t get your loan from the bank itself but instead through a partner dealership.
Chase has an undisclosed minimum credit score, while Wells Fargo isn’t clear about its credit score requirements either, as they vary depending on the dealership where you’re buying your car. TD Bank also doesn’t disclose its requirements.
Read more about how we rate auto loans >>
How to Apply for a TD Bank Auto Loan
1. Gather required information. This includes your address, employment, and income details. You’ll also need to find a dealer within TD Bank’s partner network.
3. Submit a formal application and wait for an approval decision. You’ll submit your loan application at the dealership, where the dealer will access your credit report to get a full view of your credit history.
3. Budget for your monthly payments. Depending on the interest rate you receive, the amount of money you borrowed, and your term length, you could pay several hundred dollars per month. Make sure you make a plan to fit auto loan payments into your budget.
Frequently Asked Questions
TD Bank has an A grade from the Better Business Bureau, a nonprofit organization focused on consumer protection and trust. The BBB rates companies based on their responses to customer complaints, honesty in advertising, and openness about business practices.
TD Auto does not disclose the minimum credit score needed for its auto loans. Generally, the higher your credit score, the more likely it is that you’ll qualify for a loan. A better credit score also results in lower interest rates.
