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Tresl Auto Refinance Review


ConsumersAdvocate.org Rating: 4.7 / 5 (Excellent)
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Founded in 2007, Tresl is an online platform that connects vehicle owners to a network of lenders who can refinance their auto loans. Customers who work with Tresl are assigned a personal advisor to help them select the best offer and complete the refinance process. Tresl is located in Leander, Texas and serves borrowers in all 50 states.
 
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How is Tresl rated?

Breakdown

4.6/5
Loan Details
4.8/5
Customer Experience

Overall Rating: 4.7 / 5 (Excellent)

Tresl provides borrowers with the ability to refinance their auto insurance through a simple, online process. The company can present competitive prequalified refinance offers from its network of lenders in as few as two minutes.

Tresl’s fast and easy process, along with its exceptional reputation for customer service, make it an ideal choice for tech-savvy borrowers. The company can often help borrowers with subprime credit scores lower their monthly auto loan payments.

Through the Tresl platform, you can view prequalified rates from multiple lenders without providing your social security number. Seeing prequalified rates will not affect your credit score. Tresl makes it easy to comparison shop for your best refinancing deal.

Auto Loans & Refinancing

Loan Details - 4.6 / 5

Auto refinancing is Tresl’s main focus. The company doesn't issue loans for new auto purchases. Tresl is affiliated with a network of partner lenders who offer borrowing options based on each borrower’s situation. Although Tresl initiates and helps customers complete the refinance process, all loans are subject to credit qualifications and terms and conditions set by individual lenders.

Aside from refinancing, Tresl offers two services. If you lease your car, you may want to apply for an auto lease-purchase. The advantage is that when you purchase your leased car through Tresl you may be able to avoid dealership buyout fees.

Tresl can also assist you with a company car purchase. Buying a used fleet vehicle is often less expensive than purchasing one off the lot. In addition, fleet vehicles are often better maintained than other used cars and buyers get more insight into the vehicle's history. Tresl will connect you with a lender who can finance the buy-out amount of the fleet car you select.

Types of Loans Offered

Purchase Loans
Refinance Loans
Lease Buyout
Private Party Purchase

Loan Qualifications

Qualification - 4.6 / 5

Tresl specifies that, to be able to apply for a pre-qualification, the borrower must 18 years of age or older and the combined household income must be at least $1,500 monthly. The only document borrowers must provide is a verifiable source of income.

Tresl can connect borrowers with less-than-ideal credit histories with its network of lenders. Borrowers need only meet a low credit score requirement of 500 to apply for a loan through the Tresl platform.

Borrower Qualifications

Minimum Age
18 years
Minimum Income
Combined household income of at least $1,500 per month
Minimum Credit Score
500
Verification / Documents Required
Employment Information / Pay Stubs

Vehicle Qualifications

Mileage Limit
150,000 miles or less
Car Age
2011 or newer
Car Makes
No limits

Application & Service

Customer Experience - 4.8 / 5

Tresl’s application process begins with an online form that allows you to pre-qualify for a refinance. Based on the information you provide, Tresl generates a list of prequalified offers from its lending partners and provides them to you in as little as two minutes.

The prequalification process does not require borrowers to provide their social security numbers and has no effect on their credit score. Should you decide to proceed with refinancing through Tresl, you'll be assigned to one of Tresl’s dedicated Finance Advisors. You can communicate with your advisor by phone, text message, or email. He or she will help you select an offer and complete the application process.

Working with the Finance Advisor, applicants can then determine which loan offer better suits their needs and achieves their goals.
Approval Time
Same day approval available
Fees
No fees
Benefits/ Features
Online Rates / Application
Pre-approval Soft-credit Inquiry

Tresl Reputation & Reviews

Reputation - 4.5 / 5

Tresl is an accredited business with the BBB and holds an A+ rating with that organization. The company also holds an excellent 4.7 score on TrustPilot. Most reviews online praise Tresl's simple pre-qualification process and Tresl’s overall customer service.
Trustpilot Rating
4.7 out of 5
BBB Rating
A+
Date Collected
2021-09-01

Contact & Additional Information

Homepage URL
https://mytresl.com/auto-refinance/
Company Phone
(866) 504-3748
Headquarters Address
1706 E. New Hope Dr. Suite A, Leander, TX, 78641
Year Founded
2007

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Customer Comments & Reviews

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S
Sarah
6/20/2022
Started the process on credit karma was NOT SURE what I wanted to do I was sitting on it soft credit pull but have to do a HARD PULL to see what you will really get, that’s fine but I would think knowing the social security number soft pull they could at least give you a “close” number or percentage you would end up with. Anyways while sitting on it I get a call from someone I voiced my concerns to who in turn was RUDE right off the bat I am not going to be able to convince you otherwise and I don’t “specialize in sales anyways” wow ok GOOD BYE I will take my money else where or stay where I have been for two years. JOKE. Have people call that can understand someone being concerned about a... Read More

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