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Explore our financing options and find one that works for you.

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Quick, no-fee application and fast credit decision.

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Prequalify

Quickly prequalify with no impact to your credit score (for existing Bank of America customers)3

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Get started by checking our competitive auto loan rates

Our online application allows you to select term lengths of 48, 60 or 72 months; dependent on loan type and subject to collateral, terms and conditions. You can discuss other term lengths with your loan officer after your application is submitted. 

View our Bank of America auto loan eligibility requirements for information about minimum amounts financed, applicant eligibility and more.

Rates as of December 28, 2025, for a 60-month term. More terms available

Use our menu to view Preferred Rewards4 Tier rates.

Auto loans with APR as low as:

  • %†
    Dealer New5

    Dealer New

    Buying a new vehicle from a franchise dealership. Franchise dealers sell new and used cars for auto manufacturers such as Ford®, General Motors®, Chrysler®, Honda® and others
  • %†
    Dealer Used5

    Dealer Used

    Used cars can be sold by franchise dealers or independent dealers. Franchise dealers sell new cars for auto manufacturers such as Ford®, General Motors®, Honda® and others. Independent dealers are not affiliated with an auto manufacturer and may sell many different brands of vehicles. Bank of America does not finance vehicles purchased from independent dealers.
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APR is the Annual Percentage Rate. Advertised "as low as" APRs assume excellent borrower credit history. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discount. No loan documentation fee, but title and state fees may apply. Any applicable discounts, such as Preferred Rewards, will be confirmed and reflected in the individual APR quote you will receive if you are approved for an auto loan.

Estimate your monthly auto loan payment

Enter a total loan amount into this auto loan calculator6 to estimate your monthly payment, or determine your loan amount by car price, trade-in value and other factors. Use the menu to view Preferred Rewards rates.4

Rates are unavailable right now. Please check back again later.

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Purchase

The total amount you wish to finance for your auto loan, (for example, the price of the car plus taxes and fees and minus any down payment or trade-in value). The loan amount entered must be at least $7,500 ($8,000 in MN) and not to exceed $1,000,000.

The period of a loan, generally measured in months or years. Auto loans generally range between 4 and 6 years.

The cost for the use of a loan, usually expressed as a percentage of the loan and paid over a specific period of time. The interest rate does not include fees charged for the loan.

The type of loan financing, such as Dealer New or Lease Buyout. Loan Types have different interest rates.

Loan Type is not available.
Term and/or interest rate selected are not currently available for Bank of America’s loan type offerings

Preferred Rewards discount will be applied to your result. If you have entered custom values, reset calculator to enable Preferred Rewards.

Preferred Rewards is not available.
Term and/or interest rate selected are not currently available for Bank of America’s Preferred Rewards offerings.

Click to Reset calculator to Bank of America rates for interest rate and loan term.

Estimated monthly payment

$---

Term -- months

Interest Rate --% APR

Loan Amount $--,---

Preferred Rewards discount Not applied

Today's date August 24, 2023

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Your current loan

Refinance

The amount that you still owe on your existing auto loan.

The amount paid each month toward the principal and interest amount of a loan.

The cost for the use of a loan, usually expressed as a percentage of the loan and paid over a specific period of time. The interest rate does not include fees charged for the loan.

Your refinance loan

The amount you wish to finance for your auto loan.

The period of a loan, generally measured in years. Auto loans generally range between 4 and 6 years.

The cost for the use of a loan, usually expressed as a percentage of the loan and paid over a specific period of time. The interest rate does not include fees charged for the loan.

Preferred Rewards discount will be applied to your result. If you have entered custom values, reset calculator to enable Preferred Rewards.

Preferred Rewards is not available.<br> Term and/or interest rate selected are not currently available for Bank of America’s Preferred Rewards offerings.

Click to Reset calculator to Bank of America rates for interest rate and loan term.

Enter your loan information to see results.

Monthly payment comparison

Current loan 0/mo

New loan 0/mo

Difference 0/mo

Months remaining

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New loan 0 months

Difference 0 months

Interest to be paid

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New loan 0

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Learn more about buying and financing a car

Buying new or used?

How do you make sure you're getting the best vehicle and the best deal? Read

How car loans work

A lower monthly payment on your car loan doesn't always mean you're saving money. Read

7 tips to help you with the car buying process

Important steps to get the car you want with financing you can afford. Read

Ready to start shopping?

Shop for a car online

Do it all — find vehicles in your area from select Bank of America authorized dealers, calculate payments and apply for a loan.7

Financing is easier with authorized dealers

Want to shop in person? Apply for financing up front, then visit a local authorized dealer with your financing ready to go.8

Thinking of going electric?

Bank of America has strategic relationships with a number of EV manufacturers to help streamline the process of financing your electric vehicle.9 Explore some of those manufacturers here.

Check out our EV resources

See if you're eligible for an interest rate discount with Preferred Rewards

automobile
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Bank of America preferred rewards signifier
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Up to .50% Auto loan discount

Bank of America Preferred Rewards® members can receive an interest rate discount of 0.25% to 0.50% on an auto loan.4

Learn more about Preferred Rewards

Explore our frequently asked questions (FAQs)

Find answers here