Fifth Third Auto Financing: Find Out How To Get Your Car

07/18/2025 • Bruno Anderson • Financial Products

When it comes to financing a vehicle, finding a solution that fits your financial needs and lifestyle is vital.

Fifth Third Auto Financing provides a range of competitive loan products that cater to different types of customers, whether youre buying new, used, or refinancing an existing auto loan.

Through a combination of flexible terms and various financial tools, Fifth Third Bank aims to make car buying a hassle-free experience.

Loan amounts ranging from $2,000 to $80,000.
Loan terms between 12 to 75 months.
0.25% APR discount with autopay.
Allows the use of co-applicants to strengthen applications.
Same-day funds availability upon closing.
Access to financial calculators for better planning.

In this comprehensive guide, well walk you through everything you need to know about Fifth Third Auto Financing, highlighting its benefits, target audience, and more.

Benefits of Fifth Third Auto Financing

Fifth Third Auto Financing stands out from its competitors due to several distinctive features that cater to the diverse needs of borrowers.

Flexible Loan Options

With loan amounts ranging from $2,000 to $80,000 and terms from 12 to 75 months, borrowers can find options that suit their financial situation and objectives.

Co-Applicants Allowed

Enhance your loan application by adding a co-applicant, which can possibly increase your approval chances and improve your loan terms.

APR Discount with Autopay

Enjoy a 0.25% APR discount by setting up autopay from your Fifth Third Bank account, which can save money over the life of your loan.

Same-Day Funding

Receive your funds the same day as closing, ensuring you can take your new vehicle home without delay.

Financial Calculators

Access various online tools such as budgeting, loan comparison, and affordability calculators to make informed financial decisions.

Who Should Consider Fifth Third Auto Financing?

Fifth Third Auto Financing is geared toward a wide range of customers who value flexibility and are comfortable with local banking processes.

Existing Fifth Third Bank customers looking for streamlined financing.
Individuals seeking co-applicant options to boost their approval chances.
Buyers who prefer in-person service and consultation.
Users interested in leveraging online financial planners and calculators.

If any of these apply to you, Fifth Third Auto Financing may offer the solutions you need.

Pros and Cons of Fifth Third Auto Financing

Like any financial product, Fifth Third Auto Financing has its advantages and drawbacks.

Understanding these can help you decide if its the right fit for you.

Pros

Supports co-applicants
Including a co-applicant can help strengthen your loan application.
Flexible terms
With terms as long as 75 months, youre given considerable flexibility to manage monthly payments.
Interest rate discount
The autopay discount helps you save on interest costs over time.
Same-day funds
Provides the convenience of having funds released as soon as you close on the loan.

Cons

No preapproval process
The lack of preapproval can make it challenging to assess eligibility before completing a full application.
Origination fee
An upfront origination fee is required, which may not be present with all competitors.
Branch-only applications
The absence of an online application option means visiting a branch or scheduling an appointment is necessary.
Unclear qualification criteria
Prospective borrowers may need to engage directly with the bank for detailed information on qualifying.

Why We Recommend Fifth Third Auto Financing

Fifth Third Auto Financing provides tailored options for borrowers, making it a strong contender in the auto loan market.

Its suite of benefits makes it appealing for those who value personalized service and financial planning tools.

The flexibility in loan amounts and terms provides customized financing.
Access to a 0.25% APR discount with autopay adds long-term savings.
The ability to include co-applicants enhances chances of approval.
Financial tools available online help you make well-informed decisions.
El Mejor highly values the comprehensive approach Fifth Third takes in offering thoughtful financial solutions to car buyers.

How to Apply for Fifth Third Auto Financing

To begin the application process at Fifth Third Bank, you can visit one of their branches or set an appointment through their website.

In-branch consultations allow for a more personalized experience, where you can discuss your options and financial goals with a representative.

Visit Official Website

Visit a Fifth Third Bank branch.
Set an appointment online at the Fifth Third Bank website.

Frequently Asked Questions

Does Fifth Third Bank offer preapproval for auto loans?

No, they do not offer preapproval, which requires borrowers to apply to discover eligibility.

Can I include a co-applicant?

Yes, co-applicants are permitted, potentially increasing approval odds.

Is there any benefit to setting up autopay?

Yes, setting up autopay can result in a 0.25% APR discount.

Can existing auto loans be refinanced?

Yes, refinancing options are available to adjust rates or terms.

Is an online application option available?

No, you need to visit a branch or schedule an appointment to apply.

How does credit score affect the loan terms?

A higher credit score is likely to result in more favorable interest rates.

Final Considerations

When considering Fifth Third Auto Financing, weigh the importance of personal, in-branch assistance versus the convenience of digital applications.

If flexible terms and personal service are crucial to your car buying process, this could be a suitable option.

About the Author: Bruno Anderson

Bruno Anderson is passionate about digital economy and financial innovation. As a writer for el-mejor.net, he explores new forms of investment and simplifies complex concepts for everyday readers. For him, sharing financial knowledge is more than writing—it’s a true mission.