Where to Find an Easy Auto Loan
There are many different types of easy auto loans you can get through the Internet, but we would recommend that you try Bank of America first.
At Bank of America you'll find:
- Competitive
rates and flexible terms
- Fixed-rate loans
- No prepayment penalty
- Fast, easy online application
- Quick response
- Dedicated customer
service representatives
- Automobile loans are available in all contiguous
United States
Bank of America has these Auto Loan types:
- New
vehicle
- Used vehicle (dealer or private party)
- Refinance
- Lease
buyout
Eligibility
- No commercial vehicles- No vehicles for business use
- No conversion or delivery vehicles, gray market, or lemon law vehicles
- No salvaged, rebuilt, or branded title vehicles
- No Daewoo or Suzuki automobiles
General conditions
- Minimum amount financed of $7,500- Maximum amount financed of $100,000
- Mileage, loan-to-value (LTV), and model year restrictions may apply if credit is less than excellent
- Loan approval voucher is only valid for one vehicle per transaction
In addition, for private party transactions
- Vehicle must be purchased directly from the seller(s)- Seller(s) and registered owner(s) listed on the title must be one and the same
- Powers-of-attorney are not accepted for private party transactions
How You Get an Auto Loan
Your next auto loan has never been easier than with Bank of America's online process. Here's how it works:Step 1: Getting started
- Fill out some brief personal information and get prequalified online.- After you've been prequalified, apply online by providing some additional details on your loan request.
- You'll create a unique ID and passcode for your security.
- Sign in any time to check your application status.
Step 2: Receive a decision
- Sign in any time to check your application status.- If approved, you'll see a variety of loan choices and terms to choose from.
Step 3: Ready to buy
- After you have selected an offer, one of our loan representatives will call you within two business days to verify your identity and to determine next steps based on the type of loan you've selected.- Once we've completed the identity verification process, your loan representative will help you locate an authorized dealer in your area.
- We'll provide you with an approval letter that you can access online or receive via overnight mail.
- Your approval letter is good for 30 days.
Step 4: Closing the deal
Working with a Bank of America authorized dealer:Take your approval letter to the Bank of America authorized dealer of your choice to finalize the deal.
Working with Non-Bank of America dealers, independent dealers, or private parties
After you have chosen your vehicle, call your loan representative at the phone number listed on your approval letter. Have the following information ready:
-
Year, make, and model of the vehicle
- Vehicle Identification Number
-
Final loan amount requested
- Contact information for the seller
- Your
loan representative will prepare a “Promise to Pay” package that includes
all of the necessary documents for your signature.
- We'll send your package
to you via overnight mail. Just get everything signed and notarized and send it
back in the postage-paid envelope.
- We'll verify the documents and fund your
loan quickly.
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- Fast-Funds-Online offers exactly what the name says: Fast Online Funds! We all need a little fast cash from time to time and Fast-Funds-Online makes it easy for you to get the cash you need - up to $1500!! Funds are direct deposited into your bank account, so you don't have to wait for a check in the mail.
Now that's service!