Exeter Finance: What You Need to Know About This Auto Lender

Buying a new or used vehicle is an expensive process, and many people tend to secure auto loans to finance their purchases.

Exeter Finance is one of the leading auto lenders in the United States, offering competitive rates for borrowers with varying credit scores. Here’s everything you need to know about Exeter Finance, from their history to loan options, and everything in-between.

1. Introduction

When it comes to buying a car, securing an auto loan is often a necessary step. Exeter Finance is a leading auto lender in the United States, offering competitive rates for borrowers with varying credit scores. This article will provide an in-depth overview of Exeter Finance’s history, loan options, and customer service. Whether you’re a first-time car buyer or an experienced vehicle owner looking for financing options, this article provides valuable insights into what Exeter Finance has to offer.

2. History of Exeter Finance

Exeter Finance was established in 2006 and has grown into one of the leading auto lenders in the United States. With headquarters in Irving, Texas, the company has expanded its reach to over 30 states across the country. Exeter Finance prides itself on being a consumer-focused company that offers personalized loan options to fit each individual’s needs.

3. Reliable Auto Loan Services

Exeter Finance offers a range of auto loan services that cater to borrowers with varying credit scores. Here are some things borrowers need to know about Exeter Finance’s auto loan services:

Loan Types

Exeter Finance offers various loan types, including simple interest finance contracts, capital on contractual agreements, and standard rate advances.

They advance loans based on the make and model of the borrower’s chosen vehicle, allowing customers to get the financing they need for the car they want.

Varying Interest Rates

Interest rates vary based on the borrower’s credit score, with better credit scores getting more competitive rates. However, Exeter Finance also offers competitive rates for borrowers with poor creditworthiness.

Exeter Finance auto loan is 20%, but rates can range from 15% to 30%, depending on the borrower’s credit score and other factors.

Sophisticated Tools

Exeter Finance has a set of tools to make the application process seamless, including a loan calculator and online application. These tools make the loan application process easy to understand and navigate.

4. Understanding the Loan Process

Before applying for an auto loan with Exeter Finance, it’s essential to understand how the loan process works. Here are some important things to keep in mind:

Application Process

Exeter Finance requires specific documentation to qualify for an auto loan. Applicants must complete an online application that takes approximately 15 minutes to complete. After submitting the application, customers receive a response within 24 hours.

Approval Criteria

Exeter Finance considers several factors, including creditworthiness and income when assessing loan eligibility. The lender also considers the chosen car’s value to calculate the loan amount.

  • Exeter Finance’s minimum credit score requirement is 620.
  • must have a valid driver’s license and proof of income
  • the maximum loan amount is $100,000.
  •  maximum term length is 72 months.

Common Loan Fees

Exeter Finance may charge different fees depending on the borrower’s situation. Standard loan fees include late payment fees, document fees, and processing fees.

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5. Existing Customer Services

Exeter Finance provides exceptional customer service to clients, both personally and digitally. Here are some ways the company caters to its existing customers:

Access to Online Portal

Borrowers can access their Exeter Finance account online to make payments, check their loan status, and update their information. The online portal is designed to provide a seamless user experience.

Flexible Payment Options

Exeter Finance offers alternative payment options to clients who may face financial constraints. These options include automatic withdrawal, website payments, and payments via mail.

6. Pros of Choosing Exeter Finance

Exeter Finance has a lot to offer for auto loan borrowers. Here are some of the benefits of choosing Exeter Finance:

Experienced Lender

With over a decade of experience, Exeter Finance has a reputation for offering exceptional lending services. Borrowers can feel confident knowing they are working with an experienced lender.

Strong Customer Service Team

Exeter Finance prides itself on providing excellent customer service. The company has a highly trained team of customer service representatives that are available to assist borrowers with their needs.

Tailored Loan Options

Exeter Finance offers tailored auto loan options to meet customers’ specific needs. These options include low monthly payments and long payment terms. Exeter Finance understands that every borrower is unique and has different needs, so they provide personalized loan options to fit those needs.

7. Cons of Choosing Exeter Finance

While Exeter Finance offers several benefits, there are also some cons to consider before applying for a loan. Here are some of the drawbacks of choosing Exeter Finance:

Limited Access in Certain States

Exeter Finance is not available in all states, making their services only available to borrowers in select regions. This may limit the borrowing options for some borrowers.

High-Interest Rates for Poor Creditworthiness

Exeter Finance may charge high-interest rates to customers with poor creditworthiness. This may make borrowing more expensive for some borrowers.

Prepayment Fees

Exeter Finance may charge prepayment fees to customers who choose to pay off their loans early. This may discourage borrowers from paying off their loans early to save on interest charges.

8. Exeter Finance Phone Number

Customer service number : (800) 321-9637

Contact on email: customerservice@exeterfinance.com


Here are some of the most frequently asked questions about Exeter Finance and its auto loan services:

1. Can I pay off my Exeter Finance loan early?

  • Yes, borrowers can pay off their Exeter Finance loan early. However, there may be prepayment fees involved.

2. How fast can I get approved for an auto loan with Exeter Finance?

  • Exeter Finance typically responds to loan applications within 24 hours. The actual loan approval process could take longer, depending on the individual’s circumstances.

3. What are the various payment methods available for Exeter Finance auto loans?

  • Exeter Finance offers several payment methods, including automatic withdrawal, website payments, and payments via mail.

Final Verdict

Exeter Finance offers reliable auto lending services tailored to fit each individual borrower’s needs. However, while they provide personalized loan options, their services may not be available in all regions, and high-interest rates may apply to borrowers with poor creditworthiness. Overall, Exeter Finance is a worthwhile consideration for borrowers looking for an experienced lender with attractive loan options and strong customer service.


Exeter Finance is a reliable auto lender with robust customer service and attractive loan options, making it a desirable option for borrowers. However, borrowers should carefully consider the pros and cons of working with Exeter Finance before applying for a loan. Overall, Exeter Finance is a dependable auto lending institution that caters to a wide range of customers’ needs.

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