Obtain the responses you’ll want to typical questions regarding brand brand new, utilized and refinance auto loans
Bank of America provides many different car loan types:
- Dealer acquisitions (whenever you buy an innovative new or car that is used a dealership)
- Refinancing of present automotive loans
- Rent buyouts (whenever you end up buying your leased car)
- Personal celebration (whenever you buy a car from another person). You are able to submit an application for an exclusive celebration loan by going to a monetary center.
Yes. The vehicles that are following maybe not qualified to receive funding:
- Cars over the age of 10 calendar years
- Automobiles with 125,000 kilometers or higher
- Automobiles respected at lower than $6,000 (based on franchise dealer invoice for brand new automobiles or even the value that is wholesale an formal car or truck value gu layer for used automobiles)
- Cars useful for commercial and/or company purposes (we do provide business that is small loans through our Business Advantage product)
- Commercial cars
- Salvaged or vehicles that are branded-title
- Gray market or lemon law cars
- Conversion or delivery cars
- Motorcycles, relaxation cars (RV), ships or aircraft