What types of financing does Tresl offer?
Tresl offers auto loan refinancing, lease purchasing, and company vehicle financing. They also provide a few car protection products, such as GAP insurance.
Is Tresl a direct or indirect lender?
Tresl is an indirect lender, or a marketplace. They work with more than 200 lending partners to offer customized lending solutions for customers.
Does prequalifying with Tresl affect credit score?
No, the prequalification process is simple and does not require a hard credit check. It allows potential customers to check their rates and terms with different lenders in Tresl’s network. It does not guarantee approval, though.
For the most part, Tresl’s customer service team is very hands-on and supportive. Tresl’s finance advisors work closely with customers throughout the process — from the initial application to securing funding.
Customers who need to contact Tresl may do so via phone, online chat, or contact form. Tresl operates six days a week (excluding Sunday and major holidays) and someone from the team is available to chat throughout most of the day.
Written correspondence is typically fairly efficient, but it can take a couple of business day to receive a response. If you need support quickly, the best option is to call the team during business hours.
Online, Tresl has fairly positive reviews. For example, Tresl has 4.19 out of 5 stars with 157 customer reviews on the Better Business Bureau website.
Privacy & Security
Like other online marketplaces, Tresl may collect certain customer data, but it also safeguards that information with a secure website. Most of this information comes from filling out an application (or hitting “Apply Now”), prequalifying, applying for a job with Tresl, or using the online chat system. Tresl also automatically collects personally identifiable information when someone goes through their website via computer or mobile device.
Tresl strives to protect consumer data, so they mainly use the data to help improve their services, communicate with potential customers, and provide relevant advertising. This is standard when working with an online marketplace or direct lender.
As a marketplace of over 200 partner financial institutions, Tresl does not control or monitor how your personal data is used once you leave their site.
Through its large network of partners, Tresl offers several financing options, all of which are for vehicles. These include refinancing, leasing purchasing, company vehicle purchasing, and various car protection products. On Tresl’s main website, there are also free financial resources for those who want to learn more about auto finance.
There are two main drawbacks to Tresl. They’re not a direct lender, meaning you won’t see your exact rates and terms until completing an application or prequalification form. They also have limited loan options, so they won’t be able to meet everyone’s financing needs.
Even so, Tresl’s team of financial advisors, intuitive process, and customized solutions could make them a good option for those seeking auto refinancing.
LICENSING: THE SAVINGS GROUP, INC. AND ITS OPERATING SUBSIDIARIES, INCLUDING BUT NOT LIMITED TO RATEGENIUS LOAN SERVICES, INC. D/B/A RATEGENIUS, INNOVATIVE FUNDING SERVICES CORPORATION D/B/A TRESL, AND AUTOPAY DIRECT, INC. D/B/A AUTOPAY (COLLECTIVELY “TSG”), IS HEADQUARTERED IN AUSTIN, TEXAS AND DENVER, COLORADO. TSG OPERATES PURSUANT TO LICENSES IN JURISDICTIONS WHERE ITS ACTIVITIES REQUIRE LICENSING. ALL LENDERS IN THE TSG NETWORK ARE FDIC-INSURED BANKS, CREDIT UNIONS OR LICENSED LENDERS.
Patriotic Act Notice:
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
As a result of the 9/11 terrorist attacks, Congress enacted the USA PATRIOT Act. This Act, which is designed, in part, to fight the funding of terrorism and money laundering activities, includes a provision requiring all financial institutions to obtain, verify, and record information that identifies each person who opens an account.