Type: Subsidiary
On the web: http://auto-loans.wellsfargo.com/

The company behind the horse-drawn stagecoach can help you purchase that 260-horsepower sports car you've been eyeing. Wells Fargo Auto Finance, a subsidiary of Wells Fargo, provides automobile loans and leases directly to consumers and through franchised new auto dealers across the US and in Canada. It also specializes in auto refinancing for existing auto loans. Through an alliance with online auto insurance agency ComparisonMarket, Wells Fargo offers quotes for multiple auto insurance companies. Wells Fargo's auto loan portfolio was affected by the economic downturn as unemployment rose and auto sales decreased. During the recession the company limited growth in the portfolio in order to curb losses.

Officers:
SEVP Home & Consumer Finance, Wells Fargo & Company: Auto Lending

Competitors:
Ally Financial
Credit Acceptance
GM Financial

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