Tag Archive: Car Dealership

Does anyone know why Bank of America won’t finance an auto loan for an independent used car dealer?

braveslady08 asked: I applied for an auto loan and was approved, but once I sent in my purchase agreement my loan rep said that they would only finance auto loans for franchise dealers – no independent used car dealers. I know the car and the dealership are fine. I have the carfax report on the…

Can you get an auto loan without a down payment?

TiTi asked: I’m interested in buying a used car but I don’t have the money for a down payment. Can someone still get financed at a car dealership for an auto loan with zero down? The car I’m interested in is a 2004, costs about $13,000 with low miles. I don’t have bad credit but…