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Obtain the responses you’ll want to typical questions regarding brand brand brand new, used and refinance auto loans

Obtain the responses you’ll want to typical questions regarding brand brand brand new, used 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 current automobile financing
  • Rent buyouts (whenever you end up buying your leased automobile)
  • Personal celebration (whenever you buy an automobile from another person). It is possible to make an application for a personal celebration loan by going to a monetary center.

Yes. The vehicles that are following maybe perhaps maybe not qualified to receive funding:

  • Automobiles more than 10 calendar years
  • Automobiles with 125,000 kilometers or even more
  • Automobiles respected at not as much as $6,000 (according to franchise dealer invoice for brand new cars or perhaps the wholesale value from a formal car or truck value gu layer for used cars)
  • Cars useful for commercial and/or business purposes (we do provide business that is small loans through our Business Advantage product)
  • Commercial cars
  • Salvaged or vehicles that are branded-title
  • Gray lemon or market law automobiles
  • Conversion or delivery cars
  • Motorcycles, entertainment cars (RV), ships or aircraft

The applicant (and any co-signer) needs to be at the very least 18 years (19 in Alabama or Nebraska) and must are now living in the U.S. As being a U.S. Citizen, resident alien or non-resident alien.

Yes. Bank of America auto loans can be found in all 50 states in addition to District of Columbia. Continue Reading →

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