OK, as I’ve made clear in the past, I am a fan of Saab and I’m sad about its depending demise, barring a last-minute savior stepping in to save the brand. However, I would never tell anybody not to buy a Saab and I’m really perplexed why Bank of America won’t loan money to people to buy new ones.
Joe LaMuraglia, the impresario behind GayWheels.com dug up this nugget of info about Bank of America not loaning money for Saabs and Izusus: “A 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’.”
I agree with Joe. I can’t imagine why Bank of America would not loan money to people to buy Saabs. What is wrong with Saabs? Can anybody out there figure this out? I’m confused.