Tresl Review
9
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Tresl Reviews

9
Angela Mae Watson

WRITTEN BY

Angela Mae Watson

Over 200 auto-loan lending parters
Over 200 auto-loan lending parters
About Tresl

Formerly known as Innovative Funding Services, Tresl is an indirect lender that offers financing products (loans) through their network of partner lenders. The company has headquarters in Leander, Texas, but its partners operate throughout the United States.

Tresl primarily helps consumers find customized financing solutions and resources for auto purchasing and refinancing. They aim to help people find competitive loan products and save more money than if they were to find a loan.

Since 2007, the company’s network has offered auto loan refinancing, company car purchasing, and lease buyouts. They also provide several other services, including road hazard protection, vehicle service contracts, and guaranteed asset protection (GAP) coverage.

8.0

LS SCORE

8.0

CREDIBILITY

8.0

SUPPORT

8.5

ACCESSIBILITY

Tresl Auto Loans Review

Tresl works with over 200 financial institutions to offer auto refinancing loans. They also provide a lease buyout product for those who are currently leasing a vehicle and want to purchase it.

Tresl Auto Loans Highlights

LOAN AMOUNT

$5,000 - $100,000

LOAN REPAYMENT TERM

36-84

MIN CREDIT SCORE

580

APR FIXED RATE

1.5% - 17.99%

FUNDING TIME

24 hours

ORIGINATION FEE

None

PREPAYMENT FEE

None

OTHER FEES

Yes

MAX VEHICLE AGE

11 years

SOFT CREDIT PULL

Yes

LENDER TYPE

Marketplace

Pros & Cons

  • Auto refinancing, lease buyouts, company car purchases, and car protection products available
  • Easy prequalification option that lets you compare multiple lenders without hurting your credit score
  • Hands-on process with a finance professional walking you through every step
  • Limited loan options
  • No direct auto loan financing available
  • Interest rates, loan terms, and requirements not listed on the website (requires an application)

Auto Loans Types

  • Unsecured Auto Loans
  • New Car Loan
  • Used Car Loan
  • Lease Buyouts

Vehicle Types

  • Car
  • Car loans refinance

Tresl Auto Loans Terms & Requirements

Tresl doesn’t list its loan terms online, so you’ll need to complete the prequalification application to get an idea of what’s available. Although the details aren’t disclosed, Tresl says their customers save an average of $102 a month on car payments after refinancing. They also receive an average interest rate reduction of 5.57% through refinancing. Customers who get a lease buyout are typically approved in about 24 hours.

As for eligibility, most lenders in the network require borrowers to meet certain criteria. To qualify, you’ll typically need to make $24,000 annually. Your vehicle must also have 150,000 maximum mileage and be a 2012 model (or newer).

Qualification Requirements

  • At least 18 years old
  • $24,000 annual income
  • Co-signer not required but could help those with poor credit or limited income to qualify
  • USA citizen or permanent resident
  • Maximum vehicle year – not prior to 2012
  • Job status: employed, self-employed, military, other source of income
  • Other requirements vary by lender

Required Information

It’s possible to prequalify entirely online using the Tresl website. After prequalifying, customers speak with a finance advisor about their options and the steps needed to complete the financing process. Prequalifying doesn’t require specific documents, but lenders may ask for things like:

  • Proof of identity (ex. driver’s license or Social Security Number)
  • Vehicle or lease information
  • Bank account
  • Loan purpose and amount
  • Employment or income verification

Application Steps & Time Frames

  • Click “Apply Now” and input some basic personal and vehicle information.
  • Review your prequalified offers in minutes.
  • Apply for financing and get approved within 24 hours.
  • The time to funding depends on lender.

State Availability

Available in all states

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.

Customer Support

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.

Phone Support
(866) 504-3748
Mon-Fri
8am-7:30pm CST
Sat
9am-5pm CST
Sun
Closed

In Conclusion

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.

FAQ

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.

Tresl Disclaimer

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.

Disclosure

This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

WRITTEN BY

Angela Mae Watson

Angela Mae is a personal finance writer specializing in loans, debt management, investing, retirement planning, and financial literacy. She comes from a journalistic background and pulls from hands-on experience and deep-dive research to breathe life into her stories. Her goal is to help others achieve financial stability and independence. When not writing, she can be found traveling, honing her yoga skills, hiking, or exploring new means of healthy, sustainable living.