Auto Loan Info
The essence of the BMO Harris Auto Loan is that you can purchase a new or used vehicle through a dealer or private party. It's a loan that can also be used to purchase other types of vehicles, such as boats, motorcycles, snowmobiles, sleds or RVs.
The conditions will depend on the term, the model year and your credit history. The way to get this auto loan is to demonstrate that you have good creditworthiness and that the car in question is less than 6 years old.
In addition, the APRs published on their official website are only available for 1-year-old cars. You must also reside in one of the states where this entity operates (Arizona, California, Colorado, Florida, Idaho, Illinois, Iowa, Indiana, Kansas, Minnesota, Nebraska, Nevada, New Mexico, North Dakota, Missouri, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin or Wyoming).
When you are approved for this auto loan, the money will be delivered to you by check assigned to the private seller or dealer. If you want to receive a 0.50% interest rate discount, you must activate the Auto Pay option from an eligible BMO Harris checking account.
You can also apply by calling, visiting a branch or requesting to be contacted (email or mobile). There are also several calculators that allow you to figure out whether it's better to lease or buy, what vehicle you can get based on what you want to pay, and the monthly payments on your financing.
The big advantage of the BMO Harris Bank auto loan is its flexibility in terms of purchase and requirements. If this doesn't convince you, you can use Busconomico's search engine to look at other alternatives.
Español: Préstamo auto del banco BMO Harris