2024 Tresl Auto Loan Review

Tresl auto loans at a glance

Tresl is a lending platform that partners with several auto lenders to offer car loans to qualified customers. You can shop for an auto refinance loan, lease buyout loan or fleet vehicle loan with Tresl. Tresl reviews are positive — LendingTree users give Tresl four stars on average.

Note that Tresl doesn’t offer regular auto loans for car purchases, so look at other lenders if you need a standard auto loan.

• Unique car financing options: While many auto lenders only offer loans for new or used cars, Tresl offers auto loan refinancing, car lease buyout loans and loans for company cars.
• Good customer service: After you complete an application, a Tresl finance advisor will help you understand your options. Plus, you can contact Tresl via its website or phone. Tresl’s customer service team is available six days a week and has extended hours on weekdays.
• Co-borrowers allowed: Some auto lenders don’t allow co-borrowers, but Tresl does. You can add or remove a co-borrower when you refinance your loan with Tresl.
• Fast, fully online process: Tresl takes an average of 24 hours to fully approve an auto loan, and you can see your rates in seconds. The application process takes place entirely online, including document review and signing.
• Comparison shopping: Tresl allows you to check your rates with lenders across its network. You can compare offers from its lending partners, which can lead to big savings. In fact, at the time of publication, Tresl customers can save an average of 3.5% on interest rates and $1,176 on average per year with an auto refinance.
• Best for special financing: While you can’t get a traditional car loan through Tresl, you can save money with a Tresl refinance or get a loan for a car lease buyout or a company car.

Tresl auto loan requirements

Tresl doesn’t specify what credit score, income or other requirements you must meet in order to get a car loan from its partner lenders.

That said, Tresl’s prequalification process for car lease buyouts and company car purchases will show you whether you’re likely to qualify for a loan from any of its lending partners. You can check your potential rates with Tresl’s partners without damaging your credit score.

Tresl pros and cons

Tresl serves a niche market: borrowers who want to refinance, take out a loan to buy a company car or purchase their leased car. If you’re in one of those categories, you can take advantage of Tresl’s unique offerings.

If you’re looking to save money by refinancing your current car loan or you want to take out a loan to buy out your lease or purchase a company car, it’s worth your time to check your rates with Tresl. You can add a co-borrower to your application, which takes place entirely online.

That said, since Tresl doesn’t publish information about its partners’ loans or eligibility requirements, it’s hard to say what rates, repayment periods and loan sizes you’ll qualify for (if any).

Tresl company overview

Tresl was founded in 2007 as a car financing company. As an auto loan platform, Tresl partners with auto lenders to connect consumers with offers for car refinance loans, auto lease buyout loans and loans for fleet vehicles.

The Savings Group — the parent company of auto financing companies rateGenius and Autopay –- acquired Tresl in 2022.

Tresl auto loan types offered

• Auto refinances: Tresl offers car loan refinancing for customers who want to change the terms of their loans by getting better rates, lower car payments or even extended repayment terms.
• Lease buyouts: If you want to buy your vehicle once your car lease runs out, you can get a loan with Tresl to pay for the purchase. Tresl’s lease buyout loans start at 4.65% APR, and you’ll pay back your loan in fixed monthly payments just like any other auto loan.
• Company cars: Tresl has facilitated over 33,000 fleet vehicle loans, so you know you’re in good hands when you finance your company car through Tresl’s lending network.
• Add-ons: If you’re worried about having to pay out of pocket for unexpected car maintenance, you can add GAP insurance, vehicle service contracts and road hazard protection to your Tresl loan.

How to get an auto refinance loan with Tresl

Applying for a car loan with Tresl will take a few simple steps:

1. Fill out a form. You’ll answer questions about your identity, the car you’re financing, what kind of loan you need and whether you’re adding a co-borrower.
2. Review your offers. If you qualify, Tresl will send you offers from its lending partners. You can compare them on your own or work with Tresl’s finance advisors to choose the best offer for you.
3. Choose your loan. Once you sign the loan refinance agreement, Tresl will replace your old loan with a new one. If you’re buying out your car lease or purchasing your company car, Tresl will work directly with the leasing company or fleet management service to send you the documents to sign for your loan.

Is a Tresl auto loan right for you?

You should always take the time to shop around for your car loan in order to find the best price, and Tresl works with a network of lenders to help you find multiple offers.

You can find other auto loan marketplaces with more transparent rates for auto loan refinancing, but if you need a loan for a company car or a car lease buyout, take advantage of Tresl’s prequalification process to check your rates without impacting your credit.

How Tresl auto loans compare

Tresl isn’t upfront about starting rates and loan terms like other auto loan marketplaces, so it’s hard to compare Tresl auto loans with loans from competitors.

If you already have an offer in hand from one of Tresl’s partners, see how it compares to auto refinance loans from myAutoLoan and RefiJet:

Both RefiJet and myAutoLoan have competitive starting rates for car refinancing, but RefiJet is best for borrowers with bad credit.