How much is the APR in Bank of America Auto Loan?for 60 months?

Im planning to get a $14,300 brand new toyota yaris and i need auto loan,and i dont have a history of credit cause i got my first credit 6 months ago and i need a co-signer to apply,i want to know how much is the interest rate of bank of america for 60 months?today.

How much is the APR in Bank of America Auto Loan?for 60 months?
The Toyota dealership probably has a financing company of their own. As long as you have been making your payments on the cc and have a steady job, they should finance your vehicle. If they want more than 8% interest, get a co-signer. Go with the GAP insurance, but forget about Lo-Jackoff (it's whack for a Yaris). Forget about the extended warranty of 10/100000 because Toyota's have good reputations for lasting. With tax and GAP, your grand total should be 17000 or 18000. At 60 months you're looking at payments of approximately 300/mo.





I've found some good information here too...





http://auto.deal4-you.com





Good Luck.
Reply:BofA is pretty stringent. If they are your bank and you are trying to go through them instead of the lot's finance company, you might want to reconsider.





With a co-signer with good credit you may get 6%-ish. In many cases they will deny your application and you will have to have the finance department submit you to another lender that is not a bank.





I have a friend with terrible credit and she just recieved a loan from Toyota but I believe that the lender was Honda! She went through the lot's finance people and they found the loan. The benefit to this was her credit was pulled ONCE and that was by the finance folks. They farmed it out to banks based upon her FICO score and Honda came back with a payment and downpayment within her requirements. Car lots deal with bad credit situations on cars all the time and are seasoned in getting the car sold.





If you can, try to get a vehicle off-lease. It will be used but you might find that you get a pretty good discount for a good car that still has a majority of it's warranty left over!



Reply:It will depend on your co signers credit score. There isn't a universal set rate. It is all dependent on the individuals applying and their unique situation. Also, I would NEVER go on a lot and let them *farm out* my ssn# to get a loan, that's the fastest way to get taken and pay more in interest. Go to this site and read about HOW to buy a car whether it is used or new:





http://www.carbuyingtips.com





You are always better off walking in there with your own financing, rather than being at the mercy of some credit manager.. LOL
Reply:It will depend a lot from your and your cosigner credit scores.