Tresl Auto Loans: 2021 Review

Tresl offers auto loan refinancing, lease buyouts and company vehicle purchases. Bad-credit borrowers may qualify.
Philip ReedJun 23, 2020

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Our Take

The bottom line: Best for bad or fair-credit applicants looking for hands-on help with vehicle transfer paperwork.

Learn More

on Tresl's website

Min. Credit Score


Est. APR

1.99 - 17.99%

Loan Amount

$5,000 - $100,000

Pros & Cons


  • Prequalify with a soft credit check.
  • Application process 100% online including document upload.
  • Lender network matches applicant to best fit.
  • Minimum loan amount $5,000.
  • Maximum loan amount $100,000.


  • Borrower unable to choose loan payment date in most cases.
  • Some partner lenders charge application fee.
  • Minimum term of 36 months (compared to 24 months with other lenders)

Compare to Other Lenders

Learn MoreLearn MoreLearn More
Min. Credit Score


Min. Credit Score


Min. Credit Score


Est. APR

1.99 - 17.99%

Est. APR


Est. APR


Loan Amount

$5,000 - $100,000

Loan Amount

$7,500 - $100,000

Loan Amount

$5,000 - $55,000

Full Review

To review Tresl, NerdWallet collected and compared more than 15 data points with other lenders that seek the same customer or offer a similar product.

Tresl, formerly known as Innovative Funding Services, works with a network of lender partners to provide auto loans for refinancing, lease buyouts and company vehicle purchases. It even refinances higher-end brands of motorcycles. However, the company does not offer dealer purchase loans.

Tresl may be a good fit for those who:

  • Have bad credit: Tresl has a low minimum credit score requirement.

  • Want to check rates: You can pre-qualify with a soft credit check, which has no impact on your credit score.

  • Need help with paperwork: Tresl helps borrowers handle the paperwork for loan approval and vehicle ownership transfers.

Tresl review details

Tresl specializes in helping people secure loans for car refinancing, lease buyouts or purchasing a company vehicle. The company also provides expert vehicle registry services and help completing the necessary paperwork for transferring ownership, often saving borrowers a trip to the department of motor vehicles.

Tresl does not require a hard credit inquiry on prequalification, so you can get an interest rate quote without an impact to your credit score. Some of the lenders it works with, though, may perform a hard credit check.

Tresl auto loan rates

Tresl’s lowest rates are available only to borrowers with strong credit. Lenders set their own requirements, but excellent credit is generally considered 720 or better, while 690 to 719 is good.

Keep in mind that with fair or bad credit you won’t get the lowest interest rates, which means your monthly payment and total interest paid will be more.

You can check your credit score to get an idea of the rate you might qualify for before applying for a car loan, and consider shopping around if you have bad credit to save money.

Loan example: For a subprime borrower (FICO score between 501 to 600), a $10,000 car loan with a repayment term of 36 months and an interest rate of 12% would carry monthly payments of $332, according to NerdWallet’s auto loan calculator.

Applying to Tresl

  • No application fee; late payment fees vary by lender.

  • Borrowers are not obligated to select an offer.

  • Funding methods vary by lender; loan documents are signed electronically or shipped overnight for your signature.

  • Co-borrowers allowed.

  • Available in all 50 states.

Tresl restrictions

  • Maximum vehicle age: 10 years.

  • Maximum vehicle mileage: 150,000 miles.

  • Loan terms: 36 to 84 months. (NerdWallet doesn’t recommend loans over 60 months.)

  • Vehicle restrictions and requirements vary by lender.

  • Must have owned the car for at least 6 months.

More from Tresl

Tresl offers additional products that can be rolled into its loans, such as gap insurance, tire and wheel protection, and service protection plans. The company will also refinance higher-end bikes such as Harley-Davidsons and Honda Cruisers.

The Tresl website has numerous educational resources, including a blog and answers to frequently asked questions. It also has articles on refinancing, leasing and purchasing company cars, for prospective borrowers wanting to better understand these transactions. Its customer service representatives can communicate with borrowers through traditional phone and email channels, and through website messaging.

Frequently asked questions