Drive home
with a low-rate auto loan

Easily apply for a low-rate auto loan, or search for your next car with our digital car shopping resource.

Auto Loan Rates with APR as low as:
%
Up to 60 months
%
Up to 60 months
%
Up to 60 months
%
Up to 60 months
%
Up to 60 months

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 discounts. 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 a loan.

Auto Loan Rates with APR as low as:
%
Up to 60 months
%
Up to 60 months
%
Up to 60 months
%
Up to 60 months
%
Up to 60 months

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 discounts. 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 a loan.

What you get:

Low rates

Get a low rate when you purchase or refinance.

Calculate your payment

Digital Car Shopping2

Use our digital car shopping resource to find and finance your next car all in one place.

30-day rate lock guarantee3

Your rate is good for 30 days, which means you’ll have plenty of time to shop for that perfect vehicle.

Interest rate discount

Bank of America clients may be eligible for a Preferred Rewards discount.4

Calculator*

Get your low-rate today

To see if you qualify, fill out our online application. 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):

Example: A 5-year, fixed-rate new car loan for $37,000 would have 60 monthly payments of $692 each, at an annual percentage rate (APR) of 3.54%.

Used Car (Dealer):

Example: A 5-year, fixed-rate used car loan for $25,000 would have 60 monthly payments of $451 each, at an annual percentage rate (APR) of 3.14%.

Refinance:

Example: A 5-year, fixed-rate refinance loan for $23,000 would have 60 monthly payments of $427 each, at an annual percentage rate (APR) of 4.29%.

Lease Buy-out:

Example: A 5-year, fixed-rate lease buy-out loan for $21,000 would have 60 monthly payments of $376 each, at an annual percentage rate (APR) of 4.69%.

Private Party:

Example: A 5 year, fixed-rate private party loan for $20,000 would have 60 monthly payments of $451 each, at an annual percentage rate (APR) of 5.74%.

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 Vehicle financing provided by Bank of America. Credit and collateral are subject to approval. Terms and conditions apply. Automobile shopping content provided by automobile dealerships through a website provided by a third party not affiliated with Bank of America and is not available in all states. Bank of America is not responsible for any automobile content, products or services.

3 Rate valid for 30 days from the date of original application submission.

4 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 or Preferred Rewards for Wealth Management clients 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 to Bank of America and not applications submitted through dealerships. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

* 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.