Auto loans to fit your needs. We're here to help.
From prequalification to purchase, we have an option for you. Get started now.
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 July 20, 2025 for a 60-month term. More terms available
Use our menu to view Preferred Rewards1 Tier rates.
Auto loans with APR as low as: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.
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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 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. -
Refinance
Paying off your existing loan with the proceeds from a new loan in order to take advantage of lower monthly payments, lower interest rates, or save on financing costs. -
Lease Buyout
Buying your leased vehicle.
Try again
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.
Explore our financing options and find a budget that works for you
Prequalify5
Get prequalified (with no impact to your credit score) to know how much you may be able to borrow and what your estimated monthly payments may be.
- Quickly prequalify with no impact to your credit score
- Easy and secure request form that takes less than a minute to complete
- Instantly see how much you may be able to borrow so you can shop with confidence
- Customize your estimated terms6 and monthly payment options to fit you
Prequalification is only available for new or used dealer purchases and only if you have a Bank of America login7
Estimate your monthly auto loan payment
Enter a total loan amount into this auto loan calculator9 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.
Estimated monthly payment
$---
Term -- months
Interest Rate --% APR
Loan Amount $--,---
Preferred Rewards discount Not applied
Today's date August 24, 2023