EnglishHave the responses you ought to common questions regarding brand brand new, utilized and refinance automobile financing
Bank of America provides a number of car loan kinds:
- Dealer acquisitions (when you buy a brand new or car or truck at a dealership)
- Refinancing of current automobile financing
- Rent buyouts (whenever you end up buying your leased car)
- Private celebration (whenever you buy a car from another person). Personal celebration loans are restricted to candidates by having a banking relationship that is existing.
Yes. The after automobiles are perhaps maybe not qualified to receive funding:
- Cars over the age of 10 calendar years
- Cars with 125,000 kilometers or maybe more
- Cars respected at lower than $6,000 (predicated on franchise dealer invoice for brand new automobiles or perhaps the value that is wholesale an formal car or truck value guide such as for instance NADAguides layer for utilized automobiles)
- Automobiles employed for commercial and/or company purposes (we do provide small company auto loans through our Business Advantage product)
- Commercial automobiles
- Salvaged or vehicles that are branded-title
- Gray lemon or market law cars
- Conversion or delivery automobiles
- Motorcycles, entertainment cars (RV), ships or aircraft
You should be 18 yrs old or elsewhere are able to legitimately contract for automotive funding in a state of residence, and either a U.S. citizen or resident alien (permanent or non-permanent).
Yes. Bank of America car and truck loans can be found in all 50 states additionally the District of Columbia.
Certain terms for the car loan are dependant on many different facets, you should become aware of the annotated following:
- The minimum amount we finance is $7,500 ($8,000 in Minnesota)
- Term limitations may use
- Loan-to-value limitations use
- A deposit may be needed
- Title and state costs may apply
- That loan cost might use in Indiana and Ohio