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Why You Should NEVER Work With BMO Harris Bank - THE BIG RANT - The Chris and Andre ShowIn April, BMO Harris Bank started paying dealerships a flat fee of 3 percent of the amount financed, up to $2,, according to Automotive News. These terms. Borrow up to $15, Auto Loans. No matter why you need wheels or what type you choose, get competitive rates and flexible repayment options. The details. BMO is exiting the business of making loans to car buyers through dealerships. Chicago's second-largest bank by deposits is phasing out a long-.