Get a fixed-rate loan for new cars, used cars and refinancing.
Advertised as low as APRs (Annual Percentage Rate) assume excellent borrower credit history. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discounts, such as Preferred Rewards. These discounts will be reflected in your individual APR quote if you are approved for a loan. No loan documentation fee, but title and state fees may apply.
New car (dealer):
Example: A 5-year, fixed-rate new car loan for $ would have 60 monthly payments of $ each, at an annual percentage rate (APR) of {{rates.dealerNew}}%.
Used car (dealer):
Example: A 5-year, fixed-rate used car loan for $ would have 60 monthly payments of $ each, at an annual percentage rate (APR) of {{rates.dealerUsed}}%.
Refinance:
Example: A 5-year, fixed-rate refinance loan for $ would have 60 monthly payments of $ each, at an annual percentage rate (APR) of {{rates.refinance}}%.
Buy out your lease:
Example: A 5-year, fixed-rate lease buy-out loan for $ would have 60 monthly payments of $ each, at an annual percentage rate (APR) of {{rates.leaseBuyout}}%.
Private party:
Example: A 5-year, fixed-rate private party loan for $ would have 60 monthly payments of $ each, at an annual percentage rate (APR) of {{rates.privateParty}}%.
View our Bank of America auto loan eligibility requirements for more information.
Apply for a low rate on a new or used dealer purchase loan or refinance your existing loan.
With our no-fee application, you’ll quickly know your rate before you go to the dealer.
Your rate is good for 30 days, so you’ll have plenty of time to shop for that perfect vehicle.
Bank of America customers may be eligible for a Preferred Rewards discount of 0.25% to 0.50% 3.
0.25%
Gold
0.35%
Platinum
0.50%
Platinum Honors
Apply online
There's no fee — most decisions take about 60 seconds.
Lock in your rate
Apply early so you know how much car you can afford. Your 30-day rate lock 2 gives you plenty of time to shop.
Close the deal
With your approved rate in hand, you’ll be ready to complete your refinance or go find your new ride!
Once you apply you can check application status, upload and download loan documents online using our check status tool .
with our network of authorized dealers 4
Find nearby dealersSave time by purchasing your next vehicle at a Bank of America authorized dealer. If you're approved, you'll receive an Approval Code that lets authorized dealers quickly retrieve your information and streamline your purchase.
What are your auto loan eligibility requirements?
How long does it take to get approved for my auto loan?
Can I refinance my existing auto loan through Bank of America?
Your car payment covers more than the cost of the car—and a lower payment may not always save you money.
Before deciding to refinance your auto loan, consider these 6 critical factors.
Is car loan refinancing right for you?