Have the responses you ought to typical questions regarding brand brand new, utilized and refinance auto loans
Bank of America provides many different car finance kinds:
- Dealer acquisitions (whenever you buy a unique or car that is used a dealership)
- Refinancing of present automobile financing
- Rent buyouts (whenever you end up buying your leased automobile)
- Personal celebration (whenever you buy an automobile from another person). Personal celebration loans are limited by candidates with a current banking relationship.
Yes. The after automobiles are maybe not qualified to receive funding:
- Automobiles more than 10 calendar years
- Automobiles with 125,000 kilometers or even more
- Cars respected at significantly less than $6,000 (considering franchise dealer invoice for brand new automobiles or even the wholesale value from a formal used car value guide such as for example NADAguides layer for utilized cars)
- Automobiles utilized for commercial and/or company purposes (we do offer small company automobile loans through our Business Advantage product)
- Commercial cars
- Salvaged or vehicles that are branded-title
- Gray lemon or market law automobiles
- Conversion or delivery vehicles
- Motorcycles, entertainment cars (RV), ships or aircraft
You really must be 18 yrs . old or elsewhere are able to lawfully contract for automotive funding in a state of residence, and either a U.S. resident or resident alien (permanent or non-permanent).
Yes. Bank of America car and truck loans can be purchased in all 50 states as well as the District of Columbia.
Certain terms for the car loan are based on a selection of facets, you should become aware of the annotated following: