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Auto loans to fit your needs

Your wheelchair-accessible vehicle is waiting.

APR as low as

^%^†

Up to 60 months

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

APR as low as

^%^†

Up to 60 months

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.

Rates as of . 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 reflected in the individual APR quote you will receive if you are approved for an auto loan.

Apply for your auto loan with just a few clicks

Competitive rates

Apply today for a competitive auto loan rate for your new or used purchase.

Single-loan solution

Your loan covers a new or used van and adaptive equipment.

Easy online application with quick decision

Get your rate ahead of time with our mobile-friendly application.²

Interest rate discount

Bank of America Preferred Rewards members may be eligible for a rate discount of up to 0.50%.³

Estimate your monthly payment with our calculator tool⁴

Auto Loan Calculator

Purchase

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Purchase

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Required fields

Loan Amount $

The amount you wish to finance for your auto loan.

Loan amount required

Interest%

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.

interest rate required

Cash Rebate $

Dealers may offer a cash rebate as an incentive to buy an auto, boat or other vehicle. A cash rebate reduces the purchase price by the amount of the rebate. Some credit card companies offer a cash rebate card as an incentive for cardholders to make new purchases. There is usually limit on how large a rebate the cardholder may receive in a year.

Trade-in Value $

A dealer assigns a trade-in value to an auto, boat or other vehicle that a buyer wishes to exchange for a replacement vehicle. Trade-in value, also called trade-in allowance, is subtracted from the purchase price of the vehicle. Trade-in value is often based on the published book value of the vehicle. As a general rule, a vehicle with less wear and tear has greater trade-in value.

Loan Term(months)

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

loan term required

Owed on Trade-in $

The amount you still owe on the auto you plan to trade in.

Down Payment $

A down payment is the cash you deposit toward the purchase of equipment or a commercial vehicle. The larger the down payment, the less you are required to borrow. For equipment loans, a down payment of 20% of the equipment purchase price is generally required. The value of a trade-in can be used instead of a down payment when purchasing replacement equipment.

^$000

Estimated Monthly Payment

Get started in seconds

Fill out our online application to see if you qualify. There’s no fee, and most decisions take about 60 seconds.

Legal Information and Disclosures

View our Bank of America Auto loans Eligibility Requirements and Conditions

New Car (Dealer):

† A 5-year, fixed-rate new car loan for $37,000 would have 60 monthly payments of $ each, at an annual percentage rate (APR) of %.

Used Car (Dealer):

† A 5-year, fixed-rate used car loan for $25,000 would have 60 monthly payments of $ each, at an annual percentage rate (APR) of %.

1

Franchise dealers sell new and used cars for auto manufacturers such as Ford®, General Motors®, Chrysler®, 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 other than CarMax®, Hertz Car Sales®, Enterprise Car Sales and Carvana. All authorized dealers can be found using the dealer locator tool.

2

Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.

3

To enroll in the Preferred Rewards program you must have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either:

i. a three-month combined average daily balance in your qualifying deposit and investment accounts or

ii. a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account.

You must have a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise.

Auto loan preferred interest rate discount of 0.25% to 0.50% is based on reward tier and valid only for enrolled Preferred Rewards members at the time of auto loan application who obtain a Bank of America auto purchase or refinance loan. The maximum preferred interest rate discount on a Bank of America auto loan is 0.50%. This preferred interest rate discount is not reflected in our published rates on our website but will be reflected in the interest rate quoted upon loan approval. Discounts are only available on auto loan applications submitted by you directly to Bank of America through its website, Financial Centers, or Bank call centers. Discounts are not available for motor vehicle leases or for applications sourced from car dealerships, car manufacturers, or third-party branded/co-branded relationships. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

4

Important note about this calculator: The figures entered on the input page of this calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are also intended for illustrative purposes only and accuracy is not guaranteed. Bank of America and its affiliates are not tax or legal advisers. This calculator is not intended to offer any tax, legal, financial or investment advice and does not assure the availability of or your eligibility for any specific product offered by Bank of America, its affiliates or any other institution, nor does this calculator predict or guarantee the actual results of any investment product. The terms and conditions of products offered by institutions will differ and may affect the results of the calculator. Please consult with qualified professionals to discuss your situation. The final APR may differ from the APR in the above results due to additional fees that may be applicable.

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