Have the responses you’ll want to typical questions about brand brand new, utilized and refinance automobile financing
Bank of America provides a number of car loan types:
- Dealer acquisitions (whenever you buy a unique or car that is used a dealership)
- Refinancing of present automotive loans
- Rent buyouts (whenever you decide to purchase your leased automobile)
- Personal party (whenever you buy a car from another person). Personal celebration loans are limited by candidates having a banking relationship that is existing.
Yes. The following automobiles are maybe perhaps perhaps not qualified to receive funding:
- Cars more than 10 calendar years
- Automobiles with 125,000 kilometers or maybe more
- Cars respected at significantly less than $6,000 (predicated on franchise dealer invoice for brand new cars or even the value that is wholesale a formal car or truck value guide such as for example NADAguides layer for used automobiles)
- Automobiles employed for commercial and/or company purposes (we do offer small company car loans through our Business Advantage product)
- Commercial automobiles
- Salvaged or vehicles that are branded-title
- Gray market or lemon law automobiles
- Conversion or delivery automobiles
- Motorcycles, entertainment automobiles (RV), boats or aircraft