Obtain the responses you’ll want to typical questions regarding brand brand new, utilized and refinance auto loans

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

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