Tresl Auto Loans Review 2025

Loan terms and requirements at Tresl

Compare other lenders:

Lease buyout lenders
New car lenders

About Tresl: a closer look

Tresl focuses on lease buyout loans, which provide financing when you want to buy your leased car. Tresl also offers new car loans, but on a limited basis.

Overall, one of Tresl's main strengths is its large lender network, which enables it to work with borrowers of all credit types. Even borrowers with a low credit score or limited credit history may be able to get a loan; however, borrowers with fair or bad credit are likely to receive a high interest rate.

When reviewing and rating auto loan aggregators, NerdWallet writers gather information pertaining to customer experience, transparency, loan affordability, loan requirements and flexibility. Tresl's highest-scoring category is for flexible loan requirements; however, when it comes to purchase loans, Tresl scores low for ease of application process.

We attempted to find and walk through a new car loan application on the Tresl website but could not find one. A company representative told us Tresl finances car purchases only through designated auto dealerships, but we were not able to obtain information to identify which dealers. We did find links within sponsored advertising that go to a car purchase loan application. We also called the Tresl phone number and were told an application could be taken that way.

Do you qualify for a Tresl auto loan?

Here are Tresl's borrower requirements to qualify for a lease buyout or new car purchase loan. Because Tresl works with many different lenders, some requirements shown are the lowest and highest among all lending partners. Meeting these requirements doesn’t guarantee approval. Also, some lenders may be more flexible with requirements when taking into account an applicant's total financial picture.

Other Tresl details

• Pre-qualification and preapproval. The company says not all lending partners offer pre-qualification with a soft credit check, but more than half of applicants are able to get pre-qualified offers. Lenders that don't offer pre-qualification may use a hard credit inquiry which can temporarily lower your credit scores.

• Upfront fees. Tresl does not charge an upfront fee itself, but more than half of borrowers may pay lender processing fees in various amounts up to $450. These fees may be financed as part of the loan amount.

• Interest rate discounts. More than half of Tresl's lending partners offer an APR discount (0.25% up to 0.50%) when a borrower sets up automatic payments.

• Deferred payments. Tresl has lending partners that offer deferred payments for 60 or 90 days.

• Contacting Tresl. During the application process, borrowers can reach Tresl by phone, email, text and website form, with Spanish-speaking agents available. Hours are Mon-Sat 8 a.m.-6 p.m., CT.

Back to About Tresl

Tresl may be a good fit for those who:

• Need more flexible loan requirements. The Tresl network includes lenders that work with borrowers who have a low credit score, past bankruptcy or no credit history. However, applicants with bad or poor credit should expect a higher interest rate.

• Could benefit from having a co-applicant. Tresl can match applicants to lenders that allow both co-signers and co-borrowers. Having a co-applicant can help borrowers who might not qualify alone.

• Want assistance with the entire loan process. A Tresl finance advisor works with borrowers through each phase of the loan process, from application to transferring the vehicle title.

Before you apply to Tresl

• Check your credit. You can get your free credit report on NerdWallet or at AnnualCreditReport.com. If you find errors, file a credit dispute to correct them before you apply for an auto loan.

• Figure what monthly payment you can afford. Use an auto loan calculator to determine what APR and repayment term you need to get monthly car payments that fit your budget. An auto lease buyout calculator can help you figure out the cost of buying out a lease.

• Gather your information. Tresl requires the following to submit an initial loan application: address, phone, email, birthdate, employment status, employer name, income, housing payment amount, basic vehicle information. Providing your Social Security number or ITIN is optional.

How to apply for a Tresl auto loan

1. To apply for a lease buyout loan. When you go to mytresl.com, select the "finance your lease-purchase" button. This takes you to a basic application that asks for your name, address, phone, email, employment status, income, housing payment, birthdate and citizenship status. It states that you will receive pre-qualified offers using a soft credit inquiry, which will not affect your credit scores. However, a company representative told us not all lenders in the Tresl network offer pre-qualification.

2. To apply for a new car purchase loan. While Tresl does offer new car purchase loans, they are not listed on the company website. The simplest option may be to apply by phone at 866-504-3748.

3. Review your loan offer. If you qualify and are matched to a lender, you will receive an offer with estimated interest rate, monthly payment, loan term and total interest amount. After you accept the loan offer, a Tresl representative will work with you through the loan process.

An important note: According to Tresl, more than half of its borrowers are able to receive pre-qualified loan offers based on a soft credit check, which means there is no effect on the applicant's credit scores until after they accept the offer. But be aware that some Tresl lenders may do a hard credit check (which can temporarily lower your credit scores) before you accept a loan offer.

Back to About Tresl

How do we review auto loan aggregators?

NerdWallet's review process surveys companies that offer any combination of new car purchase loans, used car purchase loans, auto refinance loans (traditional and/or cash-out) and lease buyout loans. These companies include direct lenders and aggregators; the latter group doesn't have in-house loan products but matches borrowers to third-party lenders within a network. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

Because aggregators are not the actual lender and servicing of the loan passes to the lender in most cases, NerdWallet focuses most heavily on the front end of the loan process. This includes level of service/support and transparency, with less focus on the actual loan product. In all, our survey for aggregators includes more than 60 data points. NerdWallet independently confirms product details and, when necessary, follows up with company representatives. At least two writers and an editor verify the facts for every lender review to ensure data are accurate.

To receive a star rating, an aggregator must respond to NerdWallet’s annual auto loans survey. Star ratings are then assessed from poor (one star) to excellent (five stars).

For more details about the categories considered when rating aggregators and our process, read our full methodology.