Ameris Bank Auto Loans Calculator & Overview

Ameris Bank understands the feeling of driving away with the vehicle of your dreams. In many cases, you can get a decision within the same business day that you have applied. Loan specialists are readily available to help expedite the approval process. Bring all the required documents to a branch nearest to you and if you’re an eligible borrower, you might wake up the next morning behind the wheel of your brand new car.

Yes. Ameris Bank auto loans are available in all 50 states. However, only in-person applications are accepted which can be done in branches from these states: Alabama, Florida, Georgia, North Carolina, and South Carolina. But even if you do not live anywhere near those locations and you still believe that an auto loan from Ameris Bank is the right choice for you, you can call their loan officer to help you with your application.

The repayment term for an Ameris Bank car loan is up to 84 months. However, the website did not show specific details regarding term lengths for different vehicle types. A shorter repayment term can help you reduce the overall cost of your loan while a longer repayment term means you’re paying a lower amount on a monthly basis.

There is no clear information regarding rates for Ameris Bank auto loans. This means you have to talk directly to a loan officer to find out whether the rates they offer are fixed or variable. However, the lender evaluates the applicant’s credit score to determine the approved APR. Other factors to be considered are the following: down payment, income sources, and loan term. Rates can change at any time without prior notice.

Yes. Ameris Bank offers refinancing for a wide variety of vehicle types with potentially lower monthly payments. Terms can last up to 84 months (7 years) for new and used car loans. It can be a practical option especially if you want to stop paying higher rates or you simply want to improve your credit score. The lender provides valuable insight into vehicle refinancing in this article here.

Yes. Ameris Bank offers auto loans for commercial use through its SBA loan program (Small Business Administration). This is an ideal solution for new business owners or business people with modest capital. Loan amounts vary depending on how the funds are going to be used, especially if the vehicle is going to be equipped with special machinery. Terms can be up to 25 years with potentially low monthly payments depending on your credit standing. Get in touch with an SBA Preferred Lender so you can discuss your options.

Ameris Bank did not provide clear information about their minimum income requirement for auto loans and vehicle refinancing. Most industry experts advise that you apply for a loan if you’re consistently earning income for at least 6 months. You may also be expected to show bank statements of at least 2 years. Furnish them with copies related to your employment, business investments, or other income sources so you can prove that you are able to pay your monthly amortization.

When you apply for an auto loan at Ameris Bank, you have to share personal information including your name, date of birth, email address, and social security number. You will also be required to submit documents such as your driver’s license, passport, or other photo ID with your signature as well as proof of your US citizenship. You may need to tell the lender about your income sources, whether you’re employed or running your own business. Your credit score and financial statements also matter. Visit an Ameris Bank branch so a loan officer can help you with your auto loan application.