Bank of America offers a number of car loan kinds:
- Dealer acquisitions (whenever you buy a unique or car or truck at a dealership)
- Refinancing of present automotive loans
- Rent buyouts (whenever you end up buying your leased car)
- Personal celebration (whenever you buy an automobile from another person). You are able to submit an application for an exclusive celebration loan by going to a center that is financial.
Yes. The vehicles that are following perhaps perhaps not entitled to funding:
- Cars avove the age of 10 calendar years
- Cars with 125,000 miles or even more
- Automobiles respected at significantly less than $6,000 (predicated on franchise dealer invoice for brand new automobiles or the value that is wholesale a formal car value gu layer for used automobiles)
- Automobiles employed for commercial and/or business purposes (we do provide small company car loans through our Business Advantage product)
- Commercial automobiles
- Salvaged or vehicles that are branded-title
- Gray lemon or market law automobiles
- Conversion or delivery automobiles
- Motorcycles, fun automobiles (RV), ships or aircraft
The applicant (and any co-signer) needs to be at the least 18 years old (19 in Alabama or Nebraska) and must reside in the U.S. As being a U.S. Citizen, resident alien or alien that is non-resident.
Yes. Bank of America auto loans can be found in all 50 states and also the District of Columbia.
Particular terms for the car finance are decided by a number of facets, however you amscot money order should become aware of the immediate following:
- The minimum amount we finance is $7,500 ($8,000 in Minnesota)
- Term restrictions may use
- Loan-to-value restrictions apply
- A advance payment may be expected
- Title and state costs may apply
- That loan cost may use in Indiana and Ohio