Bank Of America Denies Customers Loans For Saab Automobiles

Posted on 19. Mar, 2009 by Ryan in 2000-2009

This just in, Bank of America is now denying customers loans for any Saab Automobiles.

While some may be worried about this, we need to realize this should not be really significant, it is the local banks that are much more stable than the big players in the financial industry as we’ve realized, many people continue to buy new and pre-owned Saabs today with their local banks and credit unions, more on this shortly.

They have posted it on the BOA FAQ section of their website here:

Are there any vehicles that Bank of America does not finance?

We do not finance the following vehicles:

* Commercial vehicles and/or vehicles for business use
* Conversion or delivery, gray market, lemon law, salvaged, rebuilt or branded title vehicles
* No motorcycles
* No Isuzu or Saab vehicles.
* No independent dealer purchases1

1Independent dealers are not affiliated with an auto manufacturer and may sell many different brands of used vehicles.

Tags: Bank of America, Bank Of America Denies, independent dealer, lemon law