Bank of America Auto Loans require Down Payments?

Answers:1   |   LastUpdateAt:2012-09-27 19:26:03  

Question
jordan and brooke
Asked at 2012-09-12 03:15:05
I go through the Internet website , and I can not find anything on the down payment. I went into the bank and the lady told me I have to apply online and all the information is online and not make loans walk ins , and she " THINKS there is a 20 % payment to the bank . " Has anyone done a car loan from Bank of America who can answer my question expirence ?
Answer1OctoberAnswered at 2012-09-27 19:26:03
It depends on your credit. MedlinePlus MedlinePlus If you have a 550 , you can buy with 30 % down. MedlinePlus MedlinePlus If you have a debt of 780 and under , you may be able to finance 105% . MedlinePlus MedlinePlus Lenders lend to people . MedlinePlus That means much more than the initial payment . MedlinePlus Getting paid in full for 100 % is better than getting 15% and then repoing a car and lose $ 8,000 . MedlinePlus MedlinePlus If you have to worry about how much down, probably do not have enough credit to loans from Bank of America .
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