January 19, 2010 – We originally posted the story below on January 5, 2010. It was recently picked up by our friends at Autoblog and Examiner.com. Early this morning I got a few Twitter updates saying that Jalopnik posted a story that claimed Bank of America is NOT denying loans to those who want to purchase a Saab.
According to Jalopnik, Bank of America will consider loans for those applying to purchase a Saab but they haven’t bothered to change their website to indicate this. Oh Ray, how do you say it in Twitterspeak? BofA = #fail. Or better yet #bofagetyourshittogether
friend was investigating a car loan online and came across something
very interesting. It seems that if you are looking to buy a Saab and
want to use Bank
of America, you are S.O.L. In the fine print on their site, they
outline the auto loan eligibility requirements. They are relatively
straightforward; outlining guidelines about no commercial vehicles, no
lemon law vehicles, no motorcycles etc. Then it clearly stats “No Isuzu
or Saab vehicles”.
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 Motorcycles
- No Isuzu or Saab vehicles
- No Independent Dealer Purchases 1
- Applicants must be U.S. citizens or Legal Permanent Residents
Ok,
Isuzu I understand. They aren’t even sold here any more but Saab?
Their fate is still up in the air and there are still Saabs on dealer
lots that somebody will buy eventually. What about Pontiac or Saturn?
Will Bank of America finance them?
File this under “OUCH”. You can see the eligibility requirements HERE
