Obtain the responses you’ll want to typical questions regarding brand brand brand new, utilized and refinance automobile financing
Bank of America offers many different car finance kinds:
- Dealer acquisitions (whenever you buy a brand new or car at a dealership)
- Refinancing of present automobile financing
- Rent buyouts (whenever you end up buying your leased automobile)
- Personal celebration (whenever you buy a car from another individual). Personal celebration loans are limited by applicants by having a current banking relationship.
Yes. The after automobiles are maybe perhaps not entitled to funding:
- Cars avove the age of 10 calendar years
- Cars with 125,000 kilometers or higher
- Automobiles respected at lower than $6,000 (according to franchise dealer invoice for brand new automobiles or perhaps the value that is wholesale a formal car or truck value guide such as for instance NADAguides layer for used cars)
- Cars employed for commercial and/or company purposes (we do provide small company automobile loans through our Business Advantage product)
- Commercial cars
- Salvaged or branded-title automobiles
- Gray lemon or market law automobiles
- Conversion or delivery automobiles
- Motorcycles, fun automobiles (RV), ships or aircraft
You should 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 finance are based on a number of facets, however you should become aware of the immediate following: