PNC Bank Auto Loans Review

PNC Bank is a good choice for people who live near a branch. Its rates are competitive and it allows you to buy from both dealers and private parties; however, PNC is not very transparent with fees.

Fixed APR
Varies by zipcode
Loan Amount
12–72 months
3.5 / 5.0
SimpleScore PNC Bank 3.5
New Car Rates 4
Loan Size 4
Used Car Rates 4
Customer Satisfaction 2
Fees N/A

PNC Bank auto loans is a division of PNC Bank, a Pittsburgh-based bank with over 2,400 locations in 37 states and Washington D.C. PNC started in 1852 as the Pittsburgh Trust and Savings Company. The bank’s grown a lot over its nearly 170-year history, becoming the seventh-largest commercial bank in the United States. If you’re shopping for a new car, you should definitely include PNC Bank in your search for the best auto loan rates, especially if you live near one of its branches

In this article

    PNC Bank auto loans at a glance

    LenderLoan AmountAPRTermsKey Benefit
    PNC Bank Auto Loans$7,500–$50,000Varies by zipcode12–72 MonthsWide variety of auto loans available

    What we like about PNC auto loans

    PNC Bank auto loans give you options — a great benefit when you’re shopping around for a vehicle. You can buy from a dealer, a private seller, buy out your lease or refinance your vehicle with PNC. If you’re buying from either a dealer or a private party, PNC will send you a check you can write up to your approved amount, allowing you to shop like a cash buyer.

    When repaying your loan, you can pay it off as quickly as you’d like without having to worry about any prepayment penalties. Also, if you’re already a PNC Bank customer and sign up to auto-pay your car loan, you’ll receive a 0.25% discount off your interest rate.

    [Read: Best Auto Loan Rates of 2020]

    Check Your Auto Loan Rates

    View our top-rated lenders and find the best rates today. It’s quick and easy.

    Things to consider

    You might not be able to get a PNC Bank auto loan if you live in a region that PNC doesn’t service. Loan availability varies by ZIP code, but PNC doesn’t make it very easy for you to tell which areas can get a car loan and which ones can’t. You’ll have to enter your ZIP code on its website to see if you live in a qualifying area.

    You should also know PNC won’t finance a vehicle more than 8 years old. If you’re buying a car with a model year older than 2012, you’ll have to look somewhere else for financing or save up enough money to pay cash for it.

    What you need to know

    PNC Bank auto loan rates vary by location and credit rating. It also depends on the car you buy, who you buy it from and the term length you choose — which can be anywhere between 12 and 72 months. You can also lower your rate by 0.25% by signing up for auto-pay through a PNC Bank checking account.

    Applying for an auto loan with PNC Bank is an easy process. You can apply either online, over the phone or in-person at a PNC branch. To apply online, follow these steps.

    1. Navigate to the PNC Bank auto loan webpage.
    2. Decide whether you need a Check Ready Loan for a dealer purchase or a refinance loan, then click apply. You’ll need to apply in-person for a private seller loan.
    3. If you’re a current PNC Bank customer, sign in to your account to streamline the process. If not, click “Apply without signing on” at the bottom of the page.
    4. Enter your ZIP code to see if you live in a qualifying area, then enter details about your purchase including the total cost, your down payment and the term you’re looking for to get a loan amount and interest rate estimate.
    5. On the next page, enter your personal and financial information to complete your application. You’ll need to provide a form of ID like your driver’s license or passport.
    6. Once you submit your application, you should receive a decision shortly — usually within just a few minutes.

    Collateral and criteria

    PNC Bank doesn’t publish a minimum credit score requirement for auto loans online, but its quarterly filing with the SEC shows that 98.7% of PNC Bank auto loans went to customers with credit scores higher than 650. While this isn’t a complete guarantee you won’t be approved if your scores are below 650, it does show that PNC Bank doesn’t offer the best auto loans for bad credit.

    PNC Bank auto loans are secured by the vehicle you purchase. If you’d rather use an unsecured loan to buy your vehicle, PNC Bank offers personal loans up to $35,000 — but you’ll pay a significantly higher interest rate.

    [Related: What Are Collateral Loans?]

    PNC auto loans vs. the competition

    Bank of America

    Overall, if you live near a PNC Bank branch, you’ll receive great service for your auto loan, but Bank of America is a better option for people all over the country.

    Fixed APR
    as low as 2.19%
    Loan Amount
    12–72 months
    4.4 / 5.0
    SimpleScore Bank of America 4.4
    New Car Rates 5
    Loan Size 5
    Used Car Rates 5
    Customer Satisfaction 3
    Fees 4

    Both PNC Bank and Bank of America have the resources of a large national bank, but Bank of America auto loans are available in all 50 states, while PNC Bank auto loans are not. You can also potentially qualify for a lower interest rate at Bank of America if you have excellent credit.

    With J.D. Power customer satisfaction, PNC Bank reviews and Bank of America reviews are similarly low — the PNC Bank ratings are two out of five and Bank of America ratings are three out of five. Many of the top reviews are from customers who experienced overdraft fees and long wait times due to COVID-19.

    Capital One

    PNC Bank top for flexibility

    Fixed APR
    Loan Amount
    up to $100,000
    36–72 months
    4.6 / 5.0
    SimpleScore Capital One 4.6
    New Car Rates 4
    Loan Size 5
    Used Car Rates 5
    Customer Satisfaction 4
    Fees 5

    You can qualify for a Capital One auto loan in every state except Hawaii and Alaska — but you have to purchase a vehicle from a participating dealer. PNC Bank shines compared to Capital One by giving you the ability to choose which dealer you buy from. While PNC Bank’s vehicle restrictions are slightly tighter — model year 2012 or newer while Capital One will finance 2010 vehicles — PNC Bank still comes out on top for flexibility.

    Check Your Auto Loan Rates

    View our top-rated lenders and find the best rates today. It’s quick and easy.

    We welcome your feedback on this article and would love to hear about your experience with the auto loans we recommend. Contact us at with comments or questions.



    We’ve created the SimpleScore™ to help you objectively compare products and services here at The Simple Dollar.

    Our editorial team:

    • Identifies five factors to compare across each brand
    • Determines the rating criteria for each factor
    • Calculate an average of those five factor scores to get one SimpleScore™

    We break down each of these five factors and their rating criteria for our review of the best auto loan companies of 2020.

    Why do some brands have different SimpleScores™ on different pages?

    Some brands like Bank of America, Wells Fargo, and Chase have different SimpleScores™ because they offer more than one financial solution — like auto loans, home loans, personal loans and banking.

    For instance, in our Bank of America Mortgage Review, we give the company a 3.8 out 5 based on our five rating factors for mortgages. In our Bank of America Auto Loans Review, we give the company a 4.4 out of 5 based on our rating factors for auto loans. By tailoring our SimpleScore™ to each financial solution, we’re able to give you a more accurate view of their services and how they compare to competitors’ services.

    Minimum new car rate

    Companies that look out for new car buyers with lower rates receive higher scores from us.

    Minimum used car rate

    We also give higher ratings to companies that look out for used car buyers by offering lower rates.

    Maximum loan size

    Having enough money to cover your auto loan is important –– that’s why companies with higher maximum loan amount receive better scores from us.

    Customer satisfaction

    We use the J.D. Power 2019 Consumer Lending Satisfaction Study℠ to find out how customers rate their experience with each company. (If a company is not included in J.D. Power’s study, we skip this rating factor and average the remaining factor scores.)


    Fees can add up very fast –– that’s why we give a higher score to companies who have fewer fees.

    Trevor Wallis

    Contributing Writer

    Trevor Wallis is a St. Louis-based personal finance writer who teaches people how to achieve freedom through good money practices. He’s written for Bankrate, NextAdvisor, Rewards Credit Cards and Online Loans. When he isn’t writing, he’s roasting specialty coffee and planning new ways to use credit card rewards to explore the world with his wife and newborn son.

    Reviewed by

    • Courtney Mihocik
      Courtney Mihocik
      Loans Editor

      Courtney Mihocik is an editor at The Simple Dollar who specializes in personal loans, student loans, auto loans, and debt consolidation loans. She is a former writer and contributing editor to,, and elsewhere.