Bank of America Auto Loans require Down Payments?
Loading…Bank of America Auto Loans require Down Payments?
Random Posts:
I go through the online website, and can’t find anything about a down payment. I went in the bank and the lady told me I have to apply online and all information is online and they don’t do loan walk ins, and she “THINKS theres a 20% down payment to the bank. ” has anyone done an auto loan from BANK OF AMERICA that can answer my question from expirence?
Sponsored Links 3:
Bank of America Auto Loans require Down Payments?
Article Local Url : Bank of America Auto Loans require Down Payments?
Comment by kwkeaton
it would depend on your credit and the loan amount etc. the person at the bank shouldn’t THINK, they should know, or find out for you.
Comment by God
In the process to acquire a car, it is taken for granted that you have gotten requirements. There is a need for cash which would be needed to buy the car. On the other hand, if you do not have the ready cash, then you must have access to a loan facility. Okay, to get auto loans today, what would you be required to do? Having a good credit is the first factor. This is one thing can that can be very helpful despite the kind of loan you are interested in.
http://www.worldbestloans.com/autoloans.htm
Banks and other financial institutions feel a lot better doing business with people with a good credit score. Having a steady source of income or proof of employment is a major requirement for applying for auto loans. Without a proof of employment or a good source of income, a lender would not be confident to grant you a loan as they can not ascertain your ability to repay.
Comment by N
Depends on your credit.
If you have a 550, you cant buy with 30% down.
If you have a 780 and low debt, you can probably finance 105%.
Lenders lend to PEOPLE. That means far more than down payment.
Getting paid in full for 100% is better than getting 15% and then repoing a car and losing $8000.
If you have to worry about how much down, you probably dont have good enough credit to borrow from bank of america.