Search Results for 'auto loans for independent dealers' ↓

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

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 car and [...]