Bank of America provides a number of car loan kinds:
- Dealer acquisitions (whenever you buy a fresh or car that is used a dealership)
- Refinancing of present automobile financing
- Rent buyouts (whenever you decide to purchase your leased car)
- Private celebration (whenever you purchase 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 following automobiles are maybe not qualified to receive funding:
- Automobiles avove the age of 10 calendar years
- Cars with 125,000 kilometers or maybe more
- Automobiles respected at not as much as $6,000 (predicated on franchise dealer invoice for brand new automobiles or perhaps the value that is wholesale an formal car or truck value gu layer for used cars)
- Cars utilized for commercial and/or company purposes (we do provide business that is small loans through our Business Advantage product)
- Commercial automobiles
- Salvaged or vehicles that are branded-title
- Gray lemon or market law automobiles
- Conversion or delivery cars
- Motorcycles, activity cars (RV), ships or aircraft
The applicant (and any co-signer) needs to be at the very least 18 years old (19 in Alabama or Nebraska) and must reside in the U.S. Being a U.S. Citizen, resident alien or alien that is non-resident.
Yes. Bank of America car and truck loans can be purchased in all 50 states therefore the District of Columbia.
Particular terms for the car loan are dependant on a number of facets, you should become aware of the annotated following:
- The minimum amount we finance is $7,500 ($8,000 in Minnesota)
- Term restrictions may use
- Loan-to-value restrictions use
- A payment that is down be needed
- Title and state costs may use
- That loan cost might use in Indiana and Ohio